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We look at the effect of capital rules on a banking system that is connected through correlated credit exposures and interbank lending. The rules, which combine individual bank characteristics and interconnectivity measures of interbank lending, are to minimize a measure of system-wide losses....
Persistent link: https://www.econbiz.de/10011161228
In February 1998 a work was published in the series of discussion papers produced by the Bundesbank which was concemed with problems of measuring inflation in Gerrnany. This paper met with a lively response. The Research Group of the Bundesbank therefore staged a workshop on this subject at...
Persistent link: https://www.econbiz.de/10010470805
Persistent link: https://www.econbiz.de/10000906839
Persistent link: https://www.econbiz.de/10000444121
statistics. The panel data set contains some 2,300 German firms' balance sheet data covering the years 1988-1998. While the Q-theory … panel data by Gilchrist and Himmelberg (1995, 1998) enables the Q-theory to be applied to non-quoted firms which are by far …Die vorliegende Arbeit untersucht das Investitionsverhalten deutscher Unternehmen im Rahmen der Q-Theorie, die eine der …
Persistent link: https://www.econbiz.de/10005083058
The well-known problem of too many instruments in dynamic panel data GMM is dealt with in detail in Roodman (2009, Oxford Bull. Econ. Statist.). The present paper goes one step further by providing a solution to this problem: factorisation of the standard instrument set is shown to be a valid...
Persistent link: https://www.econbiz.de/10008533611
In this paper we analyse whether the recording behaviour of consumers keeping a payment diary changes over the diary period. Using data from a large study on the payment behaviour of German consumers we find that individuals tend to report a higher number of transactions on the first day of the...
Persistent link: https://www.econbiz.de/10009024638
In February 1998 a work was published in the series of discussion papers produced by the Bundesbank which was concemed with problems of measuring inflation in Gerrnany. This paper met with a lively response. The Research Group of the Bundesbank therefore staged a workshop on this subject at...
Persistent link: https://www.econbiz.de/10010478854
The impact of unconventional monetary policies on exchange rates and its spillovers to other economies is not yet fully understood. In this paper I develop a two-country DSGE model with interbank markets and endogenous default probabilities to analyze the cross-border impacts of unconventional...
Persistent link: https://www.econbiz.de/10011161230