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Pro-cyclical capital regulation and lending
Behn, Markus; Haselmann, Rainer; Wachtel, Paul - Deutsche Bundesbank - 2014
We use a quasi-experimental research design to examine the effect of model-based capital regulation introduced under the Basel II agreement on the pro-cyclicality of bank lending and firms' access to funds during a recession. In response to an exogenous shock to credit risk in the German...
Persistent link: https://www.econbiz.de/10011093849
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Banks' regulatory capital buffer and the business cycle: evidence for German savings and cooperative banks
Stolz, Stéphanie; Wedow, Michael - Deutsche Bundesbank - 2005
This paper analyzes the effect of the business cycle on the regulatory capital buffer of German savings and cooperative banks in the period 1993-2003. The capital buffer is found to fluctuate anticyclically over the business cycle. The fluctuation is stronger for savings banks than for...
Persistent link: https://www.econbiz.de/10005059005
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Extraordinary measures in extraordinary times: Public measures in support of the financial sector in the EU and the United States
Stolz, Stéphanie Marie; Wedow, Michael - Deutsche Bundesbank - 2010
The extensive public support measures for the financial sector have been key for the management of the current financial crisis. This paper gives a detailed description of the measures taken by central banks and governments and attempts a preliminary assessment of the effectiveness of such...
Persistent link: https://www.econbiz.de/10008548749
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Banks' management of the net interest margin: Evidence from Germany
Memmel, Christoph; Schertler, Andrea - Deutsche Bundesbank - 2011
We decompose the change in banks' net interest margin into a change in market-wide bank rates and a change in the balance-sheet composition. Our empirical findings from a detailed data set on German banks' balance-sheet positions, broken down into different maturities, creditors and borrowers...
Persistent link: https://www.econbiz.de/10009372145
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Bank bailouts, interventions, and moral hazard
Dam, Lammertjan; Koetter, Michael - Deutsche Bundesbank - 2011
To test if safety nets create moral hazard in the banking industry, we develop a simultaneous structural two … probabilities on risk taking using exclusion restrictions based on regional political, supervisor, and banking market traits. The … sample includes all observed capital preservation measures and distressed exits in the German banking industry during 1995 …
Persistent link: https://www.econbiz.de/10009323135
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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
others. We exploit a unique sample to analyze how similarities and social ties affect career outcomes in banking based on age …
Persistent link: https://www.econbiz.de/10010954916
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Regulation, credit risk transfer with CDS, and bank lending
Pausch, Thilo; Welzel, Peter - Deutsche Bundesbank - 2012
We integrate Basel II (and III) regulations into the industrial organization approach to banking and analyze the …
Persistent link: https://www.econbiz.de/10010957144
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Regulation, credit risk transfer with CDS, and bank lending
Pausch, Thilo; Welzel, Peter - Deutsche Bundesbank - 2012
We integrate Basel II (and III) regulations into the industrial organization approach to banking and analyze the …
Persistent link: https://www.econbiz.de/10010535443
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The price of liquidity: bank characteristics and market conditions
Fecht, Falko; Nyborg, Kjell G.; Rocholl, Jörg - Deutsche Bundesbank - 2008
We study differences in the price paid for liquidity across banks using price data at the individual bank level. Unique to this paper, we also have data on individual banks' reserve requirements and actual reserve holdings, thus allowing us to gauge the extent to which a bank is short or long...
Persistent link: https://www.econbiz.de/10005083283
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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 Banks. The conference focused on core aspects of banking reform …
Persistent link: https://www.econbiz.de/10011557140