Similar Search Results

Gündüz, Yalin; Nasev, Julia; Trapp, Monika - Deutsche Bundesbank - 2013

In this paper we show that informational and real frictions in CDS markets strongly affect CDS premia. We derive this main finding using a proprietary set of individual CDS transactions cleared by the Depository Trust & Clearing Corporation. We first show that CDS traders adjust the CDS premium...

Persistent link: https://www.econbiz.de/10010984735

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

German bank lending during emerging market crises: A bank level analysis

Heid, Frank; Nestmann, Thorsten; Mauro, di; Weder, Beatrice - Deutsche Bundesbank - 2004

This paper studies German bank lending during the Asian and Russian crises, using a bank level data set, which has been … compiled from credit data at the Deutsche Bundesbank. Our aim is to gain more insight into the pattern of German bank lending … characterised by a general withdrawal from emerging markets. The use of micro data allows us to analyse and to model bank …

Persistent link: https://www.econbiz.de/10005082775

The marketability of bank assets and managerial rents: implications for financial stability

Fecht, Falko; Wagner, Wolf - Deutsche Bundesbank - 2007

Ongoing financial innovation and greater information availability increase the tradability of bank assets and reduce … banks' dependence on individual bank managers as private information in the lending process declines. In this paper we argue … bank managers and shareholders becomes less severe. Consequently, banks' capital structure needs to be less concerned with …

Persistent link: https://www.econbiz.de/10005082790

Substitution between net and gross settlement systems: A concern for financial stability?

Craig, Ben; Fecht, Falko - Deutsche Bundesbank - 2011

While net settlement systems make more efficient use of liquidity than gross settlement systems, they are known to generate systemic risk. What does that tendency imply for the stability of the payments [or financial] system when the two settlement systems coexist? Do liquidity shortages induce...

Persistent link: https://www.econbiz.de/10009283653

Completeness, interconnectedness and distribution of interbank exposures: A parameterized analysis of the stability of financial networks

Sachs, Angelika - Deutsche Bundesbank - 2010

This paper assesses the impact of a certain structure of interbank exposures on the stability of a stylized financial system. Given a certain balance sheet structure of financial institutions, a large number of valid matrices of interbank exposures is created by a random generator. Assuming a...

Persistent link: https://www.econbiz.de/10008695023

Gauging the impact of a low-interest rate environment on German life insurers

Kablau, Anke; Wedow, Michael - Deutsche Bundesbank - 2011

A low interest rate environment can pose a key risk to the life insurance sector. A deteriorating return on investment holdings jeopardizes the guaranteed return on life insurance contracts. In this paper, we examine the effect of low interest rates on German life insurers by applying various...

Persistent link: https://www.econbiz.de/10008923003

How is the low-interest-rate environment affecting the solvency of German life insurers?

Kablau, Anke; Weiß, Matthias - Deutsche Bundesbank - 2014

Life insurance companies are affected directly by the impact of the low-interestrate environment. To fulfil promised guarantees they may be forced to tap into their own funds, say if the current income generated is no longer sufficient to cover the policyholders' profit participation share as...

Persistent link: https://www.econbiz.de/10011093842

Wie wirkt sich das Niedrigzinsumfeld auf die Solvabilität der deutschen Lebensversicherer aus?

Kablau, Anke; Weiß, Matthias - Deutsche Bundesbank - 2014

Die Lebensversicherer sind von den Auswirkungen des Niedrigzinsumfelds unmittelbar betroffen. Damit sie die zugesicherten Garantien erfüllen können, müssen sie unter Umständen Eigenmittel aufwenden. Dies ist dann der Fall, wenn die von den Unternehmen festgelegte Überschussbeteiligung oder...

Persistent link: https://www.econbiz.de/10011093843

Centrality-based capital allocations

Alter, Adrian; Craig, Ben; Raupach, Peter - Deutsche Bundesbank - 2015

interbank lending. The rules, which combine individual bank characteristics and interconnectivity measures of interbank lending …

Persistent link: https://www.econbiz.de/10011161228