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We investigate how differential exposures by German banks to the US real estate market during the recent financial crisis affect their corporate lending in Germany. Using unique bank-level exposure data, we distinguish between three different types of bank exposures, i.e. direct exposure to the...
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In international politics, intergovernmental treaties provide the rules of the game. Similar to private law, treaty … measurement of flexibility in international treaties. Based on 400 treaties and supplementary agreements from the field of … international environmental law, we provide new insights into the combined application of rules for adoption and entry into force of …
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Capital flows and real estate are pro-cyclical, and real estate has a substantial weight in economies' income and wealth. In this paper, we study the role of real estate markets in the transmission of bank flow shocks to output growth across German cities. The empirical analysis relies on a new...
Persistent link: https://www.econbiz.de/10012137065
This paper presents a framework for estimating losses in the residential real estate mortgage portfolios of German banks. We develop an EL model where LGD estimates are based on current collateral values and PD dynamics are estimated using a structural PVAR approach. We confirm empirically that...
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the collaboration of several organizations: The World Bank, Instituto de Pesquisa Econômica Aplicada (IPEA), Secretaria de …
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