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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

to an executive board is an outsider (an individual without previous employment at the bank) compared to being an insider …

Persistent link: https://www.econbiz.de/10010954916

Bubbles and incentives: A post-mortem of the Neuer Markt in Germany

von Kalckreuth, Ulf; Silbermann, Leonid - Deutsche Bundesbank - 2010

This paper aims to shed light on some of the major allocative consequences of financial market bubbles. In March 1997, the Neuer Markt in Germany opened. Six years later, in June 2003, it closed forever. In the interim period lay the spectacular rise and fall of the first and most important...

Persistent link: https://www.econbiz.de/10008534148

Quantifying the components of the banks' net interest margin

Busch, Ramona; Memmel, Christoph - Deutsche Bundesbank - 2014

transformation seem to account for a much smaller share (about 20%) of the median bank's net interest margin. …

Persistent link: https://www.econbiz.de/10010957140

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 … down into different maturities, creditors and borrowers and degrees of liquidity are as follows: (i) Changes in bank rates …-sheet compositions. (ii) Changes in bank rates and changes in balance-sheet compositions affect the change in the net interest margin …

Persistent link: https://www.econbiz.de/10009372145

Collateral requirements and asset prices

Brumm, Johannes; Grill, Michael; Kubler, Felix; … - Deutsche Bundesbank - 2013

Many assets derive their value not only from future cash flows but also from their ability to serve as collateral. In this paper, we investigate this collateral value and its impact on asset returns in an infinite-horizon general equilibrium model with heterogeneous agents facing collateral...

Persistent link: https://www.econbiz.de/10010957121

Who is afraid of political risk? Multinational firms and their choice of capital structure

Kesternich, Iris; Schnitzer, Monika - Deutsche Bundesbank - 2009

political risk. We focus on two choice variables, the leverage and the ownership structure of the foreign affiliate, and we … leverage can both increase or decrease, depending on the type of political risk. Using the Microdatabase Direct Investment of …

Persistent link: https://www.econbiz.de/10005083161

The impact of thin-capitalization rules on multinationals' financing and investment decisions

Büttner, Thiess; Overesch, Michael; Schreiber, Ulrich; … - Deutsche Bundesbank - 2008

This paper analyzes the effectiveness of thin-capitalization rules in preventing debt finance by intercompany loans and explores their consequences for corporate decisions. A theoretical discussion emphasizes that limitations of the deduction of interest owed to foreign affiliates would not only...

Persistent link: https://www.econbiz.de/10005083238

Bücher- und Zeitschriftenverzeichnis

Bank Deutscher Länder - 1951

Persistent link: https://www.econbiz.de/10000509762

Monatsbericht / Statistische Beihefte / 1

Deutsche Bundesbank - Frankfurt, M. : Bundesbank - 1969 - 1992

Persistent link: https://www.econbiz.de/10000350179

Monatsbericht

Deutsche Bundesbank - Frankfurt, M. : Deutsche Bundesbank; teils: Frankfurt, … - [9.]1957,Aug. - [10.]1958; 11.1959-75. Jahrgang, Nr. 12 …

Persistent link: https://www.econbiz.de/10000355425