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How Do Banks Determine Capital? Empirical Evidence for Germany
Weber, Martin; Kleff, Volker - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2003
This paper examines how capital is determined by German banks. We analyse whether the determinants found in the previous empirical literature hold for the special German banking sector with its three characteristic banking groups of savings banks, cooperative banks and other banks. On the basis...
Persistent link: https://www.econbiz.de/10005098092
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Incentive Problems in Banking Supervision: The European Case
Schüler, Martin - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2003
This paper discusses the incentive conflicts that arise in banking supervision in the EU in a principal-agent framework, where the regulator is the agent and the taxpayers is the principal. The regulatory agent in addition to maintaining financial stability (the objective of the principal) may...
Persistent link: https://www.econbiz.de/10005097935
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What drives the demand of monetary financial institutions for domestic government bonds? Empirical evidence on the impact of Basel II and Basel III
Lang, Michael; Schröder, Michael - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2014
This paper examines the treatment of sovereign debt exposure within the Basel framework and measures the impact of bank … regulation on the demand of Monetary Financial Institutions (MFI) for marketable sovereign debt. Our results suggest that bank …
Persistent link: https://www.econbiz.de/10011122561
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Lessons of the financial crisis for the attractiveness of European financial centers
Lang, Gunnar - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2012
This paper analyses fundamental location factors for the financial industry by investigating the economic significance of market participants' assessments of location factors and country-specific characteristics over time. A unique data set allows studying the locational attractiveness of...
Persistent link: https://www.econbiz.de/10010957648
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Bank owners or bank managers: who is keen on risk? Evidence from the financial crisis
Gropp, Reint; Köhler, Matthias - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2010
In this paper, we analyse whether bank owners or bank managers were the driving force behind the risks incurred in the … manager-controlled banks. The results are robust to controlling for a wide variety of bank specific, country specific …, regulatory and legal variables. Regulation does not seem to mitigate risk taking by bank owners. We find no evidence that profit …
Persistent link: https://www.econbiz.de/10008518270
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Instrumental variable estimation of the causal effect of hunger early in life on health later in life
den Berg, Gerard J. van; Pinger, Pia R.; Schoch, Johannes - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2012
Numerous studies have evaluated the effect of nutrition early in life on health much later in life by comparing individuals born during a famine to others. Nutritional intake is typically unobserved and endogenous, whereas famines arguably provide exogenous variation in the provision of...
Persistent link: https://www.econbiz.de/10010957661
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Does the mobility of R&D labor increase innovation?
Kaiser, Ulrich; Kongsted, Hans Christian; Rønde, Thomas - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2014
We investigate the effect of mobility of R&D workers on the total patenting activity of their employers. Our study documents how mobile workers affect the patenting activity of the firm they join and the firm they leave. The effect of labor mobility is strongest if workers join from...
Persistent link: https://www.econbiz.de/10011104995
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Intergenerational transmission of unemployment: Evidence for German sons
Mäder, Miriam; Müller, Steffen; Riphahn, Regina T.; … - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2014
This paper studies the association between the unemployment experience of fathers and their sons. Based on German survey data that cover the last decades we find significant positive correlations. Using instrumental variables estimation and the Gottschalk (1996) method we investigate to what...
Persistent link: https://www.econbiz.de/10010985645
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Are there long-term earnings scars from youth unemployment in Germany?
Möller, Joachim; Umkehrer, Matthias - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2014
We analyze the relationship between early-career unemployment and prime-age earnings with German administrative linked employer-employee data. The careers of more than 720,000 male apprenticeship graduates from the cohorts of 1978 to 1980 are followed over 24 years. On average, early-career...
Persistent link: https://www.econbiz.de/10010985647
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Research grants, sources of ideas and the effects on academic research
Hottenrott, Hanna; Lawson, Cornelia - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2012
Based on a sample of research units in science and engineering at German universities, this study reports survey evidence showing that research grants impact research content. Research units that receive funds from industry are more likely to source ideas from the private sector. The higher the...
Persistent link: https://www.econbiz.de/10010957740