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Banks' Trading after the Lehman Crisis : The Role of Unconventional Monetary Policy
Podlich, Natalia - 2017
Based on a detailed trade-level dataset, we analyze the proprietary trading behavior of German banks in the months directly preceding and following the Lehman collapse in September 2008. The default of Lehman Brothers was a shock to the German banking system that was both unexpected and...
Persistent link: https://www.econbiz.de/10012952017
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Cross-Border Liquidity, Relationships and Monetary Policy : Evidence from the Euro Area Interbank Crisis
Abbassi, Puriya - 2016
We analyze the impact of financial crises and monetary policy on the supply of wholesale funding liquidity, and also on the compositional supply effects through cross-border and relationship lending. For empirical identification, we draw on the proprietary bank-to-bank European interbank dataset...
Persistent link: https://www.econbiz.de/10012988708
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The Phf : A Comprehensive Panel Survey on Household Finances and Wealth in Germany
von Kalckreuth, Ulf - 2016
The Panel on Household Finances (PHF) is a new panel survey on household finances and wealth in Germany conducted by … self-contained and comprehensive survey on household finances in Germany, the PHF is part of the Household Finance and … Consumption Survey (HFCS). This system of surveys collects ex ante harmonised micro data in every country of the euro area …
Persistent link: https://www.econbiz.de/10012988823
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The PHF: A comprehensive panel survey on household finances and wealth in Germany
von Kalckreuth, Ulf; Eisele, Martin; Le Blanc, Julia; … - 2012
The Panel on Household Finances (PHF) is a new panel survey on household finances and wealth in Germany conducted by … self-contained and comprehensive survey on household finances in Germany, the PHF is part of the Household Finance and … Consumption Survey (HFCS). This system of surveys collects ex ante harmonised micro data in every country of the euro area. …
Persistent link: https://www.econbiz.de/10010309438
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The Distribution of Debt Across Euro Area Countries : The Role of Individual Characteristics, Institutions and Credit Conditions
Bover, Olympia - 2016
countries in the distributions of various measures of debt conditional on household characteristics. We consider three different … use data from the first wave of a new survey of household finances, the Household Finance and Consumption Survey, to …
Persistent link: https://www.econbiz.de/10012988756
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Asset Encumbrance, Bank Funding and Financial Fragility
Ahnert, Toni - 2016
How does asset encumbrance affect the fragility of intermediaries subject to rollover risk? We offer a model in which a bank issues covered bonds backed by a pool of assets that is bankruptcy remote and replenished following losses. Encumbering assets allows a bank to raise cheap secured debt...
Persistent link: https://www.econbiz.de/10012988410
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Changing Forces of Gravity : How the Crisis Affected International Banking
Buch, Claudia M. - 2016
The global financial crisis has brought to an end a rather unprecedented period of banks' international expansion. We analyze the effects of the crisis on international banking. Using a detailed dataset on the international assets of all German banks with foreign affiliates for the years...
Persistent link: https://www.econbiz.de/10012988645
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Arbitraging the Basel Securitization Framework : Evidence from German Abs Investment
Efing, Matthias - 2016
This paper provides evidence for regulatory arbitrage within the class of assetbacked securities (ABS) based on individual asset holding data of German banks. I find that those banks operating with tight regulatory constraints pick the securities with the highest yield and lowest collateral...
Persistent link: https://www.econbiz.de/10012988659
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The Credit Quality Channel : Modeling Contagion in the Interbank Market
Fink, Kilian - 2016
We propose an algorithm to model contagion in the interbank market via what we term the credit quality channel. In existing models on contagion via interbank credit, external shocks to banks often spread to other banks only in case of a default. In contrast, shocks are transmitted via asset...
Persistent link: https://www.econbiz.de/10012988667
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Balance Sheet Strength and Bank Lending During the Global Financial Crisis
Kapan, Tümer - 2016
We examine the role of bank balance sheet strength in the transmission of financial sector shocks to the real economy. Using data from the syndicated loan market, we exploit variation in banks' reliance on wholesale funding and their structural liquidity positions in 2007Q2 to estimate the...
Persistent link: https://www.econbiz.de/10012988765