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Efficient, profitable and safe banking: an oxymoron? Evidence from a panel VAR approach
Koetter, Michael; Porath, Daniel - Deutsche Bundesbank - 2007
Efficiency is considered a key factor when evaluating a bank's performance. Moreover, efficiency enhancement is an … explicit policy objective in the Single Market Directive of the European Commission. But efficiency improvements may come at … of performance in response to efficiency improvements remain often unclear on both theoretical and empirical grounds. We …
Persistent link: https://www.econbiz.de/10005082751
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The stability of efficiency rankings when risk-preferences and objectives are different
Koetter, Michael - Deutsche Bundesbank - 2006
We analyze the stability of efficiency rankings of German universal banks between 1993 and 2004. First, we estimate … traditional efficiency scores with stochastic cost and alternative profit frontier analysis. Then, we explicitly allow for … different risk preferences and measure efficiency with a structural model based on utility maximization. Using the almost ideal …
Persistent link: https://www.econbiz.de/10005082781
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The implications of latent technology regimes for competition and efficiency in banking
Koetter, Michael; Poghosyan, Tigran - Deutsche Bundesbank - 2008
efficiency comparisons across different samples. We use a latent class stochastic frontier model to estimate simultaneously …
Persistent link: https://www.econbiz.de/10005082783
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The effects of knowledge management on innovative success: an empirical analysis of German firms
Cantner, Uwe; Joel, Kristin; Schmidt, Tobias - Deutsche Bundesbank - 2009
The aim of this paper is to analyse the effects of knowledge management on the innovation success of firms in Germany. Using a matching procedure on data from the German Innovation Survey of 2003 (Mannheim Innovation Panel), we pair firms applying knowledge management with twin firms with...
Persistent link: https://www.econbiz.de/10005059020
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The SSM at 1
Laeven, Luc; Draghi, Mario; Dombret, Andreas R.; … - SUERF - The European Money and Finance Forum; Deutsche …; … - 2016
On 3 December EY hosted a SUERF conference on banking reform with Sir Howard Davies, the Chairman of RBS, and Dame Colette Bowe, the Chairman of the Banking Standards Board, as the two keynote speakers. Professor David Miles (Imperial College) gave the SUERF 2015 Annual Lecture on Capital and...
Persistent link: https://www.econbiz.de/10011557140
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The ESRB at 1
Gerlach, Stefan (ed.); Gnan, Ernest (ed.); Ulbrich, Jens (ed.) - Conference on ESRB at 1 <1, 2011, Berlin>; SUERF - The …; … - 2012
SUERF – The European Money and Finance Forum, the Deutsche Bundesbank and the Institute for Monetary and Financial Stability (IMFS) took the opportunity of the first anniversary of this new institution to organise a joint conference in Berlin on 8-9 November 2011. The purpose of this event was...
Persistent link: https://www.econbiz.de/10011711529
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A hierarchical model of tail dependent asset returns for assessing portfolio credit risk
Puzanova, Natalia - Deutsche Bundesbank - 2011
study. To foster the simulation efficiency, I provide an Importance Sampling algorithm for the VCG portfolio setting. …
Persistent link: https://www.econbiz.de/10010954914
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Credit contagion between financial systems
Podlich, Natalia; Wedow, Michael - Deutsche Bundesbank - 2011
We examine contagion from a number of financial systems to the German financial system using the information content of CDS prices in a GARCH model. After controlling for common factors which may cause comovement in security prices, we find evidence for contagion from the US and European...
Persistent link: https://www.econbiz.de/10010954915
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Does it pay to have friends? Social ties and executive appointments in banking
Berger, Allen N.; Kick, Thomas; Koetter, Michael; … - Deutsche Bundesbank - 2011
Social capital theory predicts individuals establish social ties based on homophily, i.e., affinities for similar others. We exploit a unique sample to analyze how similarities and social ties affect career outcomes in banking based on age, education, gender, and employment history to examine if...
Persistent link: https://www.econbiz.de/10010954916
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Contagion in the interbank market and its determinants
Memmel, Christoph; Sachs, Angelika - Deutsche Bundesbank - 2011
Carrying out interbank contagion simulations for the German banking sector for the period from the first quarter of 2008 to the second quarter of 2011, we obtain the following results: (i) The system becomes less vulnerable to direct interbank contagion over time. (ii) The loss distribution for...
Persistent link: https://www.econbiz.de/10010954917