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The distribution of debt across euro area countries: The role of individual characteristics, institutions and credit conditions
Bover, Olympia; Casado, Jose Maria; Costa, Sonia; Du … - Deutsche Bundesbank - 2014
countries in the distributions of various measures of debt conditional on household characteristics. We consider three different … use data from the first wave of a new survey of household finances, the Household Finance and Consumption Survey, to …
Persistent link: https://www.econbiz.de/10010957119
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The European Systemic Risk Board at 1
Gerlach, Stefan (ed.); Gnan, Ernest (ed.); Ulbrich, Jens (ed.) - Conference on ESRB at 1 <1, 2011, Berlin>; SUERF - The …; … - 2012
models, the measurement and indicators of systemic risk, macroprudential tools and their effectiveness; and to identify …
Persistent link: https://www.econbiz.de/10011711529
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Banks' regulatory buffers, liquidity networks and monetary policy transmission
Merkl, Christian; Stolz, Stéphanie - Deutsche Bundesbank - 2006
Based on a quarterly regulatory dataset for German banks from 1999 to 2004, this paper analyzes the effects of banks’ regulatory capital on the transmission of monetary policy in a system of liquidity networks. The dynamic panel regression results provide evidence in favor of the bank capital...
Persistent link: https://www.econbiz.de/10005082776
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Monetary policy and bank distress: an integrated micro-macro approach
De Graeve, Ferre; Kick, Thomas - Deutsche Bundesbank - 2008
Evidence on the interdependency between monetary policy and the state of the banking system is scarce. We suggest an 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...
Persistent link: https://www.econbiz.de/10005082796
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Shocks at large banks and banking sector distress: the Banking Granular Residual
Blank, Sven; Buch, Claudia M.; Neugebauer, Katja - Deutsche Bundesbank - 2009
Size matters in banking. In this paper, we explore whether shocks originating at large banks affect the probability of distress of smaller banks and thus the stability of the banking system. Our analysis proceeds in two steps. In a first step, we follow Gabaix (2008a) and construct a measure of...
Persistent link: https://www.econbiz.de/10005082809
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Industries and the bank lending effects of bank credit demand and monetary policy in Germany
Arnold, Ivo J. M.; Kool, Clemens J. M.; Raabe, Katharina - Deutsche Bundesbank - 2006
bank lending associated with changes in monetary policy and industryspecific bank credit demand. To this end, we estimate … that industry-specific bank lending growth predominantly responds to changes in industry-specific bank credit demand rather … lending. Because industries are a prominent source of variation in the bank lending effects of bank credit demand and monetary …
Persistent link: https://www.econbiz.de/10005083133
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Monetary policy effects on bank loans in Germany: A panel-econometric analysis
Worms, Andreas - Deutsche Bundesbank - 2001
A crucial condition for the existence of a credit channel through bank loans is that monetary policy should be able to … small banks are excluded. Overall, the evidence is compatible with the existence of a credit channel, although it is …
Persistent link: https://www.econbiz.de/10005083166
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Interbank lending and monetary policy transmission: evidence for Germany
Ehrmann, Michael; Worms, Andreas - Deutsche Bundesbank - 2001
, they do so indirectly through the head institutions of their sectors, i.e. the savings banks and credit cooperative sector …
Persistent link: https://www.econbiz.de/10005083202
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Financial systems and the role of banks in monetary policy transmission in the euro area
Sevestre, Patrick; Martinez-Pages, Jorge; Gambacorta, … - Deutsche Bundesbank - 2001
This paper offers a comprehensive comparison of the structure of banking and financial markets in the euro area. Based on this, several hypotheses about the role of banks in monetary policy transmission are developed. Many of the predictions that have been proposed for the U.S. are deemed...
Persistent link: https://www.econbiz.de/10005083236
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Optimal lender of last resort policy in different financial systems
Fecht, Falko; Tyrell, Marcel - Deutsche Bundesbank - 2004
In a framework closely related to Diamond and Rajan (2001) we characterize different financial systems and analyze the welfare implications of different LOLR-policies in these financial systems. We show that in a bank-dominated financial system it is less likely that a LOLR-policy that follows...
Persistent link: https://www.econbiz.de/10005083256