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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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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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Monetary policy and bank distress: an integrated micro-macro approach
De Graeve, Ferre; Kick, Thomas - Deutsche Bundesbank - 2008
integrated micro-macro approach with two core virtues. First, we measure the probability of bank distress directly at the bank … level. Second, we integrate a microeconomic hazard model for bank distress and a standard macroeconomic model. The advantage … between bank distress and the real economy. We base the analysis on German bank and macro data between 1995 and 2004. Our …
Persistent link: https://www.econbiz.de/10005082796
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Cross-border liquidity, relationships and monetary policy: Evidence from the Euro area interbank crisis
Abbassi, Puriya; Bräuning, Falk; Fecht, Falko; … - Deutsche Bundesbank - 2014
the proprietary bank-to-bank European interbank dataset extracted from Target2 and also exploit the Lehman and sovereign …
Persistent link: https://www.econbiz.de/10011161234
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Open-end real estate funds in Germany: genesis and crisis
Bannier, Christina E.; Fecht, Falko; Tyrell, Marcel - Deutsche Bundesbank - 2007
Open-end real estate funds are of particular importance in the German bank- dominated financial system. However …
Persistent link: https://www.econbiz.de/10005059001
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Empirical risk analysis of pension insurance: the case of Germany
Schmieder, Christian; Reinschmidt, Timo; Mager, Ferdinand; … - Deutsche Bundesbank - 2006
With this paper we seek to contribute to the literature on pension insurance systems. The financial literature tends to focus exclusively on the US pension insurance system. This is the first major empirical study to address the German occupational pension insurance (PSVaG) plan in Germany. The...
Persistent link: https://www.econbiz.de/10005059006
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Banks, markets, and financial stability
Eder, Armin; Fecht, Falko; Pausch, Thilo - Deutsche Bundesbank - 2014
We use a Diamond/Dybvig-based model with two banks operating in separate regions connected by a common asset market in which banks and sophisticated depositors invest. We study the effect of a potential run (crisis) and subsequent fire sales on the asset price in both the crisis and no-crisis...
Persistent link: https://www.econbiz.de/10011093844
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How stressed are banks in the interbank market?
Abbassi, Puriya; Fecht, Falko; Weber, Patrick - Deutsche Bundesbank - 2013
We use a unique data set that comprises each bank's bids in the Eurosystem's main refinancing operations and its … that a bank's willingness-to-pay is a good indicator for the probability that this bank draws on the LOLR facility. Our …
Persistent link: https://www.econbiz.de/10010957097
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Optimal lender of last resort policy in different financial systems
Fecht, Falko; Tyrell, Marcel - Deutsche Bundesbank - 2004
welfare implications of different LOLR-policies in these financial systems. We show that in a bank-dominated financial system …
Persistent link: https://www.econbiz.de/10005083256
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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
monetary policy actions and bank rescue measures have become increasingly intertwined. However, there are important differences …, not only between the EU and the United States (e.g. with regard to the involvement of the central bank), but also within …
Persistent link: https://www.econbiz.de/10008548749