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Lusinyan, Lusine; Buch, Claudia M. - 2000

One key focus of the on-going debate on the integration of international financial markets have been measures to lengthen the maturity of foreign debt. Short-term debt is typically considered to be volatile and thus a potential trigger of currency crises. In contrast to the vivid policy debate...

Persistent link: https://www.econbiz.de/10010260432

Discovering the best: Informational efficiency and liquidity of alternative trading mechanisms in experimental asset markets

Oehler, Andreas; Heilmann, Klaus; Läger, Volker - 2001

This paper reports the results of 18 experimental asset markets with 262 subjects that explore the effects of liquidity and aggregation of information. The main focus lies on the comparison of different trading mechanisms of stock exchanges. Compared to most of financial markets experiments,...

Persistent link: https://www.econbiz.de/10010296586

Kurseinfluss mittlerer und großer Transaktionen am deutschen Aktienmarkt

Oehler, Andreas; Häcker, Mirko - 2003

26 Aktien des Deutschen Aktienindex DAX mit 71% Marktkapitalisierung und 84% Anteil am Gesamtumsatz werden über 249 Handelstage des Jahres 1997 auf den Kurseinfluss der Transaktionsgröße hin analysiert. Der verwendete Satz hochfrequenter Transaktionsdaten erlaubt in dieser Form erstmals für...

Persistent link: https://www.econbiz.de/10010296587

Das europäische Finanz- und Börsenwesen: Strukturveränderungen und Entwicklungstendenzen

Oehler, Andreas - 2000

1 Ausgangslage 2 Börsliche Intermediationsleistungen 3 Betriebswirtschaftliche Sicht: Wertschöpfung im Wertpapierhandel …

Persistent link: https://www.econbiz.de/10010296588

Time dynamic and hierarchical dependence modelling of an aggregated portfolio of trading books: a multivariate nonparametric approach

Gaisser, Sandra; Memmel, Christoph; Schmidt, Rafael; … - 2009

From a banking supervisory perspective, this paper analyses aspects of market risk of an aggregated trading portfolio comprised of the trading books of 11 German banks with a regulatory approved internal market risk model. Based on real, clean profit and loss data and Value-at-Risk estimates of...

Persistent link: https://www.econbiz.de/10010298783

Capital Market Integration in Euroland - The Role of Banks

Buch, Claudia M. - 1999

enhances the incentives of banks to expand within Euroland. Yet, while the currency bias in bank portfolios will be eliminated …

Persistent link: https://www.econbiz.de/10010260522

Why Do Banks Go Abroad? - Evidence from German Data

Buch, Claudia M. - 1999

This paper provides empirical evidence on the determinants of foreign activities of German banks. We use regionally disaggregated panel data for the years 1981?98 and distinguish foreign direct investment from total foreign assets of domestic banks, of their foreign branches and their...

Persistent link: https://www.econbiz.de/10010260539

Cross-Border Bank Mergers: What Lures the Rare Animal?

DeLong, Gayle L.; Buch, Claudia M. - 2001

,300 mergers that took place between 1978 and 2001 to analyse the determinants of international bank mergers. We test the extent to … regulated environments are less likely to be the targets of international bank mergers. Hence, the lifting of regulations can … spur growth in cross-border bank mergers. Also, mergers tend to be less frequent if information costs are high. …

Persistent link: https://www.econbiz.de/10010260608

Cross-Border Banking and Transmission Mechanisms: The Case of Europe

Buch, Claudia M. - 2001

Europe, bank finance plays a relatively important role, and efforts have been made at creating a level playing field for …

Persistent link: https://www.econbiz.de/10010260615

Financial Market Integration in a Monetary Union

Buch, Claudia M. - 2001

Financial markets in Euroland differ from those of a national monetary union in two regards. First, capital markets in general and banking markets in particular show a greater degree of segmentation than national financial markets as a result of information costs and regulatory barriers to full...

Persistent link: https://www.econbiz.de/10010260616