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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
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Costs of Housing Crises: International Evidence
Aßmann, Christian; Hogrefe, Jens; Jannsen, Nils - Institut für Weltwirtschaft (IfW) - 2009
This analysis provides evidence for the costs housing crises induce in terms of GDP growth and under what circumstances these crises are particularly costly. Housing crises are often followed by recessions that are longer and deeper than other recessions. According to empirical estimates,a...
Persistent link: https://www.econbiz.de/10005258422
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The Great Recession versus the Great Depression: stylized facts on siblings that were given different foster parents
Aiginger, Karl - Institut für Weltwirtschaft (IfW) - 2010
This paper compares the depth of the Recent Crisis and the Great Depression. We use a new data set to compare the drop in activity in the industrialized countries for seven activity indicators. This is done under the assumption that the Recent Crisis leveled off in mid-2009 for production and...
Persistent link: https://www.econbiz.de/10008615592
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Register, issue, cap and trade: A proposal for ending current and future financial crises
Milne, Alistair - Institut für Weltwirtschaft (IfW) - 2012
-money), notably in shadow banking holdings of sub-prime MBS and other US dollar structured credit instruments and in cross-border flow … collapse of private sector credit in the aftermath of crises. This policy would trigger a profound but also economically …
Persistent link: https://www.econbiz.de/10010956136
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Modelling bank asset quality and profitability: An empirical assessment
Swamy, Vighneswara - Institut für Weltwirtschaft (IfW) - 2015
to established perceptions. Priority sector credit has been found to be not significant in affecting NPAs; this is … credit is a falsely founded perception. Bad debts are dependent more on the performance of industry than on other sectors of …
Persistent link: https://www.econbiz.de/10011263002
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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
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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, and the authors argue that it can be viewed as a measure of relative credit availability, or credit conditions, for … the period 1975-2008 - a credit conditions index (CCI). This entails years of strict credit market regulations in the 1970 …
Persistent link: https://www.econbiz.de/10009025225
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Stages of the 2007/2008 Global Financial Crisis Is There a Wandering Asset-Price Bubble?
Orlowski, Lucjan T. - Institut für Weltwirtschaft (IfW) - 2008
mortgage market; spillovers into broader credit market; the liquidity crisis epitomized by the fallout of Northern Rock, Bear … strongly by changeable allocations of global savings coupled with excessive credit creation, which lead to over-pricing of …, credit and liquidity risks. Monetary policy responses aimed at stabilizing financial markets are proposed. …
Persistent link: https://www.econbiz.de/10005083415
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Private Donations, Government Grants, Commercial Activities, and Fundraising: Cointegration and Causality for NGOs in International Development Cooperation
Dierk Herzer ; Nunnenkamp, Peter - Institut für Weltwirtschaft (IfW) - 2012
NGOs could help scale up foreign aid efforts by mobilizing private donations. However, fundraising activities do not necessarily result in higher donations, and substitution effects between different sources of revenue may diminish the overall pool of NGOs’ resources. This paper examines the...
Persistent link: https://www.econbiz.de/10010886872
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The Effect of Foreign Aid on Income Inequality: Evidence from Panel Cointegration
Herzer, Dierk; Nunnenkamp, Peter - Institut für Weltwirtschaft (IfW) - 2012
This paper examines the long-run effect of foreign aid on income inequality for 21 recipient countries using panel cointegration techniques to control for omitted variable and endogeneity bias. We find that aid exerts an inequality increasing effect on income distribution
Persistent link: https://www.econbiz.de/10010886909