Narrow search
Showing 1 - 10 of 411
Cover Image
Will German banks earn their cost of capital?
Dombret, Andreas R.; Gündüz, Yalın; Rocholl, Jörg - 2017
In recent years, the German banking sector has overcome major challenges such as the global financial crisis and the European debt crisis. This paper analyses a recent development as a particular determinant of the future outlook for the German banking sector. Interest rates are at historically...
Persistent link: https://www.econbiz.de/10011589380
Cover Image
Bank profitability, leverage constraints, and risk-taking
Martynova, Natalya; Ratnovski, Lev; Vlahu, Razvan - 2019
Traditional theory suggests that higher bank profitability (or franchise value) dissuades bank risk-taking. We … highlight an opposite effect: higher profitability loosens bank borrowing constraints. This enables profitable banks to take …
Persistent link: https://www.econbiz.de/10012020122
Cover Image
Potential implications of a NSFR on German banks' credit supply and profitability
Schmitt, Matthias; Schmaltz, Christian - 2016
profitability of German banks and their capacity to lend. With a NSFR-model that is partially calibrated against reported NSFRs, we … minimum standard is unlikely to exhibit adverse consequences for credit supply and bank profitability. …
Persistent link: https://www.econbiz.de/10011541056
Cover Image
Out of sight, out of mind? : on the risk of sub-custodian structures
Droll, Thomas; Podlich, Natalia; Wedow, Michael - 2015
We analyse sub-custodian chains using a unique data set from a survey. Our key question is whether there is any evidence for moral hazard in the delegation of asset safe-keeping to sub-custodians. Sub-custodian chains can be relatively long and frequently reach across several countries. The risk...
Persistent link: https://www.econbiz.de/10011334614
Cover Image
International trade and retail market performance and structure : theory and empirical evidence
Meinen, Philipp; Raff, Horst - 2018
Based on a theoretical model featuring heterogeneous retailers that may source globally and operate as chains, we derive a number of hypotheses that link trade integration to retail firm performance and to the structure of retail markets. We empirically test these predictions using Danish...
Persistent link: https://www.econbiz.de/10011865020
Cover Image
Innovation dynamics and endogenous market structure : econometric results from aggregated survey data
Gottschalk, Sandra - 2001
This paper examines empirically the relationship between innovation and market structure within a simultaneous framework at the industry level of aggregation. We use a model in which R&D affects both, demand and cost conditions. An optimization process leads to optimal industry R&D expenditure...
Persistent link: https://www.econbiz.de/10013428421
Cover Image
Mass customization with additive manufacturing : blessing or curse for society?
Schwierzy, Julian; Wenzel, Tobias - 2024
product prices. In contrast, the price of customized products will exceed the price level of the initial market. These price …
Persistent link: https://www.econbiz.de/10014631790
Cover Image
An analysis of non-traditional activities at German savings banks : does the type of fee and commission income matter?
Köhler, Matthias - 2018
profitability and stability is correlated with the share of their fee and commission income. Notably, we examine whether the effect … on bank profitability differs depending on the type of fee and commission income. Our results support the view that … securities business, also have a higher profitability. The Z-score also correlates positively with the share of securities …
Persistent link: https://www.econbiz.de/10011787363
Cover Image
Bank mergers in the financial crisis : a competition policy perspective
Hellwig, Michael; Laser, Falk Hendrik - 2019
We analyze a large merger in the Dutch banking market during the financial crisis using disaggregated data. Based on a merger simulation model, we evaluate merger-induced changes in the interest rates for savings accounts. We find that the merging banks decreased interest rates by 3 to 5 percent...
Persistent link: https://www.econbiz.de/10012118754
Cover Image
CDS market structure and bond spreads
Bilan, Andrada; Gündüz, Yalın - 2022
We study the response of bond spreads to a liquidity supply shock in the credit default swap (CDS) market. Our identification strategy exploits the exogenous exit of a large dealer from the single-name CDS market as well as granular data on CDS transactions and bond portfolio holdings of German...
Persistent link: https://www.econbiz.de/10013259649