Showing 1 - 10 of 95
We estimate the effect of internet penetration on retail bank margins in the euro area. Based on an adapted Baumol … [1982] type contestability model, we argue that the internet has reduced sunk costs and therefore increased contestability … countries. We utilise time series and cross-sectional variation in internet penetration. We find support for an increase in …
Persistent link: https://www.econbiz.de/10005097661
Dass Ostdeutschland bei der Verringerung der Ost-West-Produktivitätslücke nur noch wenig vorankommt, hat nicht nur mit fehlenden Konzernzentralen zu tun. Eine Produktivitätslücke existiert in Betrieben aller Größen. Sie ist im städtischen Raum größer als im ländlichen. Der...
Persistent link: https://www.econbiz.de/10012120685
The link between banking integration and financial stability has taken center stage in the wake of the current financial crisis. To what extent is the banking system in Europe integrated? What role has the introduction of the common currency played in this context? Are integrated banking markets...
Persistent link: https://www.econbiz.de/10005258511
reduziert. Dieses Papier untersucht ob das Internet für Banken zu einer Reduzierung der versunkenen Kosten pro Kunden geführt …
Persistent link: https://www.econbiz.de/10003806195
We propose a new approach to measuring the effect of unobservable private information orbeliefs on volatility. Using high-frequency intraday data, we estimate the volatility effect of awell identified shock on the volatility of the stock returns of large European banks as afunction of the...
Persistent link: https://www.econbiz.de/10005866892
We study how an increase to the deposit insurance limit affects households' portfolio allocation by exogenously increasing the share of safe financial assets. Using unique data that identify insured versus uninsured deposits, along with detailed information on Canadian households' portfolio...
Persistent link: https://www.econbiz.de/10012144760
We assess the cleansing effects of the recent banking crisis. In U.S. regions with higher levels of supervisory forbearance on distressed banks during the crisis, there is less restructuring in the real sector and the banking sector remains less healthy for several years after the crisis....
Persistent link: https://www.econbiz.de/10012244594
In der Finanzkrise sind Boni für Bankmanager in die Kritik geraten. Bonussysteme stehen im Verdacht, Anreize für eine zu riskante Kreditvergabe zu setzen. Der vorliegende Beitrag untersucht am Beispiel einer großen internationalen Geschäftsbank, wie sich ein Bonussystem, das ein hohes...
Persistent link: https://www.econbiz.de/10012669274
This paper uses the co-incidence of extreme shocks to banksu0092 risk to examine within country and across country contagion among large EU banks. Banksu0092 risk is measured by the first difference of weekly distances to default and abnormal returns. Using Monte Carlo simulations, the paper...
Persistent link: https://www.econbiz.de/10009636520
The paper analyses the relationship between deposit insurance, debt-holder monitoring, and risk taking. In a stylised banking model we show that deposit insurance may reduce moral hazard, if deposit insurance credibly leaves out non-deposit creditors. Testing the model using EU bank level data...
Persistent link: https://www.econbiz.de/10009636525