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This paper examines how Basel III capital reforms affected bank lending in Ger- many. We focus on the increase of minimum risk-based capital requirements and the introduction of the leverage ratio. The announcement of stricter risk-based capital regulation significantly affected low capitalized...
Persistent link: https://www.econbiz.de/10013399771
Several papers find a positive association between a bank's equity stake in a borrowing firm and lending to that firm. While such a positive cross-sectional correlation may be due to equity stakes benefiting lending, it may also be driven by endogeneity. To distinguish the two, we study a German...
Persistent link: https://www.econbiz.de/10011820943
Using data from a quantitative survey of German banks at three points in time (2015, 2017 and 2019), we analyze the impact of changes in the interest rate level on banks' net interest income and the countermeasures they take. A decline in the interest rate level has a more negative impact on net...
Persistent link: https://www.econbiz.de/10012596363
The measurement of the effective tax burden on profitable investments encounters many methodological problems. Some of them can be overcome by using an approach presented by Devereux and Griffith. Based on their methodology, we develop a measure for effective tax rates for profitable investments...
Persistent link: https://www.econbiz.de/10013428409
This paper re-visits the state of decentralised banking in Germany, Spain and the UK. The cross-country comparison we … conducted has identified Germany as having the most decentralised banking system, followed by Spain and the UK, as expected. The … Germany. Our comparison has identified three factors of success contributing to the persistence of decentralised banking: I …
Persistent link: https://www.econbiz.de/10011800413
located in Germany reduce their loan growth to the German economy in response to a tightening of sector-specific capital …
Persistent link: https://www.econbiz.de/10011518213
Persistent link: https://www.econbiz.de/10009745077
Persistent link: https://www.econbiz.de/10009777644
Large-scale environmental programs generally commit substantial societal resources, making the evaluation of their actual effects on the relevant outcomes imperative. As the example of the subsidization of energy-saving appliances illustrates, much of the applied environmental economics...
Persistent link: https://www.econbiz.de/10013428451
The recent banking crisis has revealed the existence of strong resiliency factors in the retail banking business model. On average, retail banks suffered less than other financial institutions from unexpected market changes. This paper proposes a new methodology to measure retail banks’...
Persistent link: https://www.econbiz.de/10010192816