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Location choice and employment decisions: a comparison of German and Swedish multinationals
Becker, Sascha O.; Ekholm, Karolina; Jäckle, Robert; … - Deutsche Bundesbank - 2005
strongest with respect to af liate employment in Western Europe. A one percent larger wage gap between Germany and locations in …
Persistent link: https://www.econbiz.de/10005083075
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The effects of privatization and consolidation on bank productivity: comparative evidence from Italy and Germany
Fiorentino, Elisabetta; Vincenzo, Alessio De; Heid, Frank; … - Deutsche Bundesbank - 2009
directions since then: Italy privatized its publicly-owned banks while Germany has maintained a large share of state …
Persistent link: https://www.econbiz.de/10005082778
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Disentangling economic recessions and depressions
Candelon, Bertrand; Metiu, Norbert; Straetmans, Stefan - Deutsche Bundesbank - 2013
We propose a nonparametric test that distinguishes 'depressions' and 'booms' from ordinary recessions and expansions. Depressions and booms are defined as coming from another underlying process than recessions and expansions. We find four depressions and booms in the NBER business cycle between...
Persistent link: https://www.econbiz.de/10010957100
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Bank risk taking and competition: Evidence from regional banking markets
Kick, Thomas; Prieto, Esteban - Deutsche Bundesbank - 2013
This study investigates the bank competition-stability nexus using a unique regulatory dataset provided by the Deutsche Bundesbank over the period 1994 to 2010. First, we use outright bank defaults as the most direct measure of bank risk available and contrast the results to weaker forms of bank...
Persistent link: https://www.econbiz.de/10010957108
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Slippery slopes of stress: ordered failure events in German banking
Koetter, Michael; Kick, Thomas - Deutsche Bundesbank - 2007
Outright bank failures without prior indication of financial instability are very rare. Supervisory authorities monitor banks constantly. Thus, they usually obtain early warning signals that precede ultimate failure and, in fact, banks can be regarded as troubled to varying degrees before...
Persistent link: https://www.econbiz.de/10005082759
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The importance of qualitative risk assessment in banking supervision before and during the crisis
Kick, Thomas; Pfingsten, Andreas - Deutsche Bundesbank - 2011
Banking supervision requires regular inspection and assessment of financial institutions. In Germany this task is …
Persistent link: https://www.econbiz.de/10009277828
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Modelling and measuring business risk and the resiliency of retail banks
Chaffai, Mohamed; Dietsch, Michel - Deutsche Bundesbank - 2013
The recent banking crisis has revealed the existence of strong resiliency factors in the retail banking business model. On average, retail banks suffered less than other financial institutions from unexpected market changes. This paper proposes a new methodology to measure retail banks' business...
Persistent link: https://www.econbiz.de/10010957105
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The cost efficiency of German banks: a comparison of SFA and DEA
Koetter, Michael; Karmann, Alexander; Fiorentino, Elisabetta - Deutsche Bundesbank - 2006
We investigate the consistency of efficiency scores derived with two competing frontier methods in the financial economics literature: Stochastic Frontier and Data Envelopment Analysis. We sample 34,192 observations for all German universal banks and analyze whether efficiency measures yield...
Persistent link: https://www.econbiz.de/10005082752
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Stochastic frontier analysis by means of maximum likelihood and the method of moments
Behr, Andreas; Tente, Sebastian - Deutsche Bundesbank - 2008
also discussed in relevant literature. The natural estimation method seems to be Maximum Likelihood (ML) estimation because … estimation approaches for both the half-normal and the exponential approach to inefficiency. Based on the simulation results we … obtain decision rules for the choice of the superior estimation approach. Both estimation methods, ML and MOM, are applied to …
Persistent link: https://www.econbiz.de/10005082812
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Dynamic Q-investment functions for Germany using panel balance sheet data and a new algorithm for the capital stock at replacement values
Bellgardt, Egon; Behr, Andreas - Deutsche Bundesbank - 2002
the majority in Germany. One of the key variables when using balance sheet data, which has attracted much detailed … by Gilchrist and Himmelberg. We compare the results from two different estimation techniques for dynamic investment … börsennotierte Unternehmen, die in Deutschland eindeutig dominieren. Eine zentrale Größe der Analyse des Investitionsverhaltens auf …
Persistent link: https://www.econbiz.de/10005083058