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Milne, Alistair - Institut für Weltwirtschaft (IfW) - 2012

A fundamental cause of the global financial crisis was excessive creation of short-term money-like liabilities (quasi-money), notably in shadow banking holdings of sub-prime MBS and other US dollar structured credit instruments and in cross-border flow of capital to the uncompetitive Euro area...

Persistent link: https://www.econbiz.de/10010956136

Modelling bank asset quality and profitability: An empirical assessment

Swamy, Vighneswara - Institut für Weltwirtschaft (IfW) - 2015

The determinants of default risk of banks in emerging economies have so far received inadequate attention in the literature. This paper seeks to study the determinants of bank asset quality and profitability using panel data techniques and robust data sets for the period between 1997 and 2009....

Persistent link: https://www.econbiz.de/10011263002

Banks’ Regulatory Buffers, Liquidity Networks and Monetary Policy Transmission

Merkl, Christian; Stolz, Stéphanie - Institut für Weltwirtschaft (IfW) - 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/10005818925

Does Capital Regulation Matter for Bank Behavior? Evidence for German savings banks

Heid, Frank; Porath, Daniel; Stolz, Stéphanie - Institut für Weltwirtschaft (IfW) - 2003

The aim of this paper is to assess how German savings banks adjust capital and risk under capital regulation. We estimate a modified version of the model developed by Shrieves and Dahl (1992). In comparison to former research, we impose fewer restrictions with regard to the impact of regulation...

Persistent link: https://www.econbiz.de/10005700567

Credit conditions indices: controlling for regime shifts in the Norwegian credit market

Jansen, Eilev S.; Krogh, Tord S. H. - Institut für Weltwirtschaft (IfW) - 2011

The interaction between financial markets and the macroeconomy can be strongly affected by changes in credit market regulations. In order to take account of these effects the authors control explicitly for regime shifts in a system of debt equations for Norway using a common, flexible trend. The...

Persistent link: https://www.econbiz.de/10009025225

Evolutionary model of the bank size distribution

Kaldasch, Joachim - Institut für Weltwirtschaft (IfW) - 2013

An evolutionary model of the bank size distribution is presented based on the exchange and expansion of deposit money. In agreement with empirical results the derived size distribution is lognormal with a power law tail. The key idea of the theory is to regard the creation of money as a slow...

Persistent link: https://www.econbiz.de/10010956102

Wie privatisieren und wer privatisiert? Zur Erklärung der Wahl der Privatisierungsmethode und -organisation

Siegmund, Uwe - Institut für Weltwirtschaft (IfW) - 1997

With this theoretical survey the thesis is put forward that the method of privatization as well as the structure of the … privatization agency is choosen by the politicians for politico-economic reasons, and not for reasons of saving transaction costs or … for reasons of ideological preferences. The method of privatization (auction, bargaining, giveaway) is the one that is …

Persistent link: https://www.econbiz.de/10009276794

Factors Affecting Location Decisions of the Economic Headliners – Exporters and Foreign-Owned Firms – in China

Trofimenko, Natalia - Institut für Weltwirtschaft (IfW) - 2010

Foreign-owned firms are frequently viewed as an important source of new capital, access to world markets and employment generation and there exist numerous studies on the determinants of FDI flows and the role of incentives designed to attract FDI. Similarly important for economic growth are...

Persistent link: https://www.econbiz.de/10008455538

Ex-ante regulation and ex-post liability under uncertainty and irreversibility: governing the coexistence of GM crops

Beckmann, Volker; Soregaroli, Claudio; Wesseler, Justus - Institut für Weltwirtschaft (IfW) - 2009

Ex-ante regulations and ex-post liabilities for using a new technology will induce additional costs for adopters. The standard model is advanced by including irreversibility and uncertainty and taking into account transaction costs of negotiating possible cost reductions. The case analysed is...

Persistent link: https://www.econbiz.de/10008561127

A Model of the IMF as a Coinsurance Arrangement

Chami, Ralph; Sharma, Sunil; Shim, Ilhyock - Institut für Weltwirtschaft (IfW) - 2007

The paper shows that an IMF-like coinsurance arrangement among countries can play a useful role in the global financial system. The operation of the coinsurance arrangement is examined under different loan contracts. It shows that, if the IMF´s objective is to safeguard its resources and be...

Persistent link: https://www.econbiz.de/10005083334