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Projektfinanzierung in der Immobilienwirtschaft : Dynamische Veränderungen der Rahmenbedingungen und Auswirkungen von Basel II
Bienert, Sven - 2005
I. Abschnitt: Einordnung des Thema -- 1. Problemstellung und Zielsetzung der Arbeit -- 2. Stand der empirischen Forschung und Definition der Forschungslücke -- 3. Gang der Untersuchung -- 4. Konzeptionelle Eingrenzung des Untersuchungsgegenstandes -- II. Abschnitt:...
Persistent link: https://www.econbiz.de/10014018948
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Credit Default Swaps und Informationsgehalt
Wagner, Eva - 2008
Kredit und Kreditrisiko -- Kreditderivate -- Der Credit Default Swap (CDS) -- Externes Rating, CDS und Informationseffi zienz -- Asymmetrische Informationsverteilung am CDS-Markt -- CDS-, Anleihe- und Aktienmarkt -- Empirische Untersuchung zum Zusammenhang des CDS— und Aktienmarktes sowie zur...
Persistent link: https://www.econbiz.de/10013517112
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Bankenrating : Einsatz empirisch-induktiver Ratingverfahren zur aufsichtlichen Erkennung bestandsgefährdeter Universalbanken
Günter, Jan (contributor) - 2009
Immer wieder auftretende Schieflagen im Bankensektor stellen für die im öffentlichen Interesse in das Finanzsystem eingreifende Bankenaufsicht eine permanente Herausforderung dar. Jan Roland Günter entwickelt auf empirisch-induktivem Wege ein Verfahren für ein Bankenrating, welches von...
Persistent link: https://www.econbiz.de/10014014800
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R&D investment under financing constraints
Giebel, Marek; Kraft, Kornelius - 2020
This paper tests for the sensitivity of R&D to financing constraints conditional on restrictions in external financing. Financing constraints of firms are identified by an exogenously calculated rating index. Restrictions in external financing are determined by (i) the specific time period...
Persistent link: https://www.econbiz.de/10012196342
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Asset encumbrance, bank funding and financial fragility
Ahnert, Toni; Anand, Kartik; Gai, Prasanna; Chapman, James - 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/10011486236
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Do correlated defaults matter for CDS premia? : an empirical analysis
Koziol, Christian; Koziol, Philipp; Schön, Thomas - 2014
Correlated defaults and systemic risk are clearly priced in credit portfolio securities such as CDOs or index CDSs. In this paper we study an extensive CDX data set for evidence whether correlated defaults are also present in the underlying CDS market. We develop a cash flow based top-down...
Persistent link: https://www.econbiz.de/10010405475
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Communal responsibility and the coexistence of money and credit under anonymous matching
Boerner, Lars; Ritschl, Albrecht - 2010
Communal responsibility, a medieval institution studied by Greif (2006), supported the use of credit among European merchants in the absence of modern enforcement technologies. This paper shows how this mechanism helps to overcome enforcement problems in anonymous buyer/seller transactions. In a...
Persistent link: https://www.econbiz.de/10008772851
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Quantitative easing,safe asset scarcity and bank lending
Tischer, Johannes - 2021
their collateral supply is determined by their ex ante securities holdings and repo rates. Second, it makes use of the …
Persistent link: https://www.econbiz.de/10012651072
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Asset prices, collateral, and unconventional monetary policy in a DSGE model
Hilberg, Björn; Hollmayr, Josef - 2013
In this paper we set up a New-Keynesian model with a heterogenous banking sector to analyze liquidity problems on the interbank market. The presence of an interbank market is essential to consider a situation where an increased liquidity supply by the central bank is only partially passed on to...
Persistent link: https://www.econbiz.de/10010192797
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Patent collateral and access to debt
Bracht, Felix; Czarnitzki, Dirk - 2022 - This version: August 3, 2022
between borrowers and lenders, we quantify the value of using patents as collateral with regard to capital access. Although … patent collateral and access to capital. We make use of mandatory collateral registry data in Sweden and the Netherlands to …-in-difference regressions on firms' debt allows deducting treatment effects of using patents as collateral. We find that patent pledging enables …
Persistent link: https://www.econbiz.de/10013346735