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The banking systems of Germany, the UK and Spain form a spatial perspective : lessons learned and what is to be done?
Flögel, Franz; Gärtner, Stefan - 2018
degree of centralisation. Whereas no such bank exists in the UK any longer and real savings banks in Spain have almost …. Short operational and (especially) functional distance and embeddedness in supportive regional bank associations. Short … regional level and reduce the need for standardisation, centralisation and bank mergers in times when interest rates are low. …
Persistent link: https://www.econbiz.de/10011800413
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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
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Many a little makes a mickle : macro portfolio stress test for small and medium-sized German banks
Busch, Ramona; Koziol, Philipp; Mitrovic, Marc - 2015
We develop a macroeconomic portfolio stress test that is specifically geared towards small and medium-sized banks. We combine a credit risk stress test which simulates credit impairments via a CreditMetrics type multi-factor portfolio model with an income stress test in the form of dynamic panel...
Persistent link: https://www.econbiz.de/10011308474
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The impact of German public support transfers on firm finance : evidence from the Covid-19 crisis
Gärtner, Leo; Marek, Philipp - 2022
The economic policy response to COVID-19 lockdowns included a variety of measures. Their effects on non-financial firms, however, remain unclear. To shed light on the effect of transfers, we investigate the effect of German emergency aid transfers (November-December aid), a program designed for...
Persistent link: https://www.econbiz.de/10013205580
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Targeted bidders in government tenders
Cappelletti, Matilde; Giuffrida, Leonardo M. - 2022
A set-aside restricts participation in procurement contests to targeted firms. Despite being widely used, its effects on actual competition and contract outcomes are ambiguous. We pool a decade of US federal procurement data to shed light on this empirical question using a two-stage approach. To...
Persistent link: https://www.econbiz.de/10013282669
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The distinct features of hidden champions in Germany : a dynamic capabilities view
Rammer, Christian; Spielkamp, Alfred - 2019
Hidden Champions (HCs) are firms unknown to the wider public, but global leaders in the niche markets they serve. This paper looks at distinctive features of these firms, focusing on their dynamic capabilities. Employing a unique data base on German firms, we identify a representative sample of...
Persistent link: https://www.econbiz.de/10011997801
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Cyclicality of SME lending and government involvement in banks
Behr, Patrick; Foos, Daniel; Norden, Lars - 2015
Recent regulatory efforts aim at lowering the cyclicality of bank lending because of its potential detrimental effects … on financial stability and the real economy. We investigate the cyclicality of SME lending by local banks with vs …
Persistent link: https://www.econbiz.de/10011391616
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Evaluation of minimum capital requirements for bank loans to SMEs
Düllmann, Klaus; Koziol, Philipp - 2013
). Key contributions are the use of a unique data set of SME lending by over 400 German banks and relating systematic risk to … granted in Basel II for SMEs relative to large firms. For SME loans in the corporate portfolio of the Internal Ratings …-Based Approach and also for SME loans treated under the revised standardized approach of Basel II, our asset correlation estimates …
Persistent link: https://www.econbiz.de/10009751062
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Support for the SME supporting factor : multi-country empirical evidence on systematic risk factor for SME loans
Dietsch, Michel; Düllmann, Klaus; Fraisse, Henri; … - 2016
consistency of own funds requirements with the riskiness of SME. In both the French and the German sample, results suggest that … the relative differences between the capital requirements for large corporates and those for SME (in other words the … capital relief for SME) are lower in the Basel III framework than implied by empirically estimated asset correlations. Results …
Persistent link: https://www.econbiz.de/10011564456
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Better be careful : the replenishment of ABS backed by SME loans
Fenner, Arved; Klein, Philipp; Mössinger, Carina - 2021
ABS market, as for example per the European Central Bank's loan-level initiative, and most effectively by their …
Persistent link: https://www.econbiz.de/10012617561