significant and economically important determinants of household saving preferences and credit constraints …We study the role of household saving behaviour, of individual motives for saving and that of perceived liquidity … constraints in 15 Euro Area countries. The empirical analysis is based on the Household Finance and Consumption Survey, a new …

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 …

studies conducted in 11 countries to explore liquidity risk transmission. Among the main results is, first, that explanatory … power of the empirical model is higher for domestic lending than for international lending. Second, how liquidity risk … management across global banks can be important for liquidity risk transmission into lending. Fourth, there is substantial …

-construction consumer credit market in Germany. We show that P2P lending is servicing a slice of the consumer credit market neglected by … banks, namely high-risk and small-sized loans. Nevertheless, when accounting for the risk differential, interest rates are … very similar. Our conclusion is that P2P lending is substituting the banking sector for high-risk consumer loans since …

We analyze securities trading by banks and the associated spillovers to the supply of credit. Empirical analysis has … investments of banks at the security level for 2005-2012 in conjunction with the credit register from Germany. Analyzing data at … their overall supply of credit in crisis times - i.e., for the same borrower at the same time, trading-expertise banks …

stronger in the sovereign debt crisis. Moreover, the interbank market - unlike other credit markets - allows to exploit the … price dispersion from different lenders on identical credit contracts, i.e. overnight uncollateralized loans in the same …

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 …

Excessive credit creation by banks was at the root of the recent financial crisis. Nevertheless, micro … overoptimism causes excessive lending, subsequently yielding abnormal loan write-offs. We propose a new measure of excessive credit … growth known from macroeconomics to identify credit booms and test our model for German bank and bankportfolio level data …

Our paper addresses firm size as a driver of systematic credit risk in loans to small and medium enterprises (SMEs …). Key contributions are the use of a unique data set of SME lending by over 400 German banks and relating systematic risk to … particularly rich and well developed credit market for SMEs in Germany. We estimate asset correlations as the key measure of …