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Margins of International Banking : Is There a Productivity Pecking Order in Banking, Too?

Buch, Claudia M. - 2016

Modern trade theory emphasizes firm-level productivity differentials to explain the cross-border activities of non-financial firms. This study tests whether a productivity pecking order also determines international banking activities. Using a novel dataset that contains all German banks'...

Persistent link: https://www.econbiz.de/10012989228

Relationship Lending : Empirical Evidence for Germany

Memmel, Christoph - 2016

Relationship lending is a common practice in credit financing all over the world, particularly in Germany. On the basis of a comprehensive data set comprising information on firm-bank relationships for more than 16,000 observations, this study analyses the determinants of relationship lending in...

Persistent link: https://www.econbiz.de/10012989287

Banking Consolidation and Small Businessfinance : Empirical Evidence for Germany

Marsch, Katharina - 2016

Since the early 1990s an unprecedented process of consolidation has taken place in the banking sector in most industrialised countries raising concern of policymakers that it may reduce access to credit for the small business sector. While most of the existing empirical studies have focused on...

Persistent link: https://www.econbiz.de/10012989293

Modelling Dynamic Portfolio Risk Using Risk Drivers of Elliptical Processes

Schmidt, Rafael - 2016

The situation of a limited availability of historical data is frequently encountered in portfolio risk estimation …, especially in credit risk estimation. This makes it, for example, difficult to find temporal structures with statistical … selected macroeconomic variables. These findings may improve the estimation of risk measures such as the (portfolio) Value at …

Persistent link: https://www.econbiz.de/10012989295

Empirical Risk Analysis of Pension Insurance : The Case of Germany

Gerke, Wolfgang - 2016

With this paper we seek to contribute to the literature on pension insurance systems. The financial literature tends to focus exclusively on the US pension insurance system. This is the first major empirical study to address the German occupational pension insurance (PSVaG) plan in Germany. The...

Persistent link: https://www.econbiz.de/10012989306

Heterogeneity in Lending and Sectoral Growth : Evidence from German Bank-Level Data

Buch, Claudia M. - 2016

This paper studies the sectoral and geographical dimensions of the response of bank lending to sectoral growth. We use several bank-level datasets provided by the Deutsche Bundesbank for the 1996-2002 period. Our results show that bank heterogeneity affects how lending responds to domestic...

Persistent link: https://www.econbiz.de/10012989307

The Forecast Ability of Risk-Neutral Densities of Foreign Exchange

Craig, Ben R. - 2016

Persistent link: https://www.econbiz.de/10012989325