Memmel, Christoph; Gündüz, Yalin; Raupach, Peter - Deutsche Bundesbank - 2012
Using a unique data set on German banks' loans to the German real economy, we investigate banks' credit risk. This data … regional factors, the loans' maturity structure is found to drive the bank-wide loss rates in the credit portfolio. (ii) The … nationwide loss rate has the most impact, followed by the maturity structure and the industry composition. (iii) For nationwide …