, bond issuance, maturity structure, cash holdings, and bank borrowing policies. The focus here is on providing the required …

regional factors, the loans' maturity structure is found to drive the bank-wide loss rates in the credit portfolio. (ii) The …Using a unique data set on German banks' loans to the German real economy, we investigate banks' credit risk. This data … the period 2003-2011 yields the following results: (i) Beyond the nationwide credit loss rate, industry composition, and …

-wide loss rates in the credit portfolio. (ii) The nationwide loss rate has the largest impact, followed by the maturity …Using a unique data set on German banks’ loans to the German real economy, we investigate banks’ credit risk. This data …–2011 yields the following results: (i) alongside the average nationwide credit loss rate, industry composition, regional factors …