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The banking firm under ambiguity aversion
Broll, Udo; Welzel, Peter; Wong, Kit Pong - 2016
banking firm finds it less attractive to take risk in the presence than in the absence of ambiguity. This result extends to …
Persistent link: https://www.econbiz.de/10011539567
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A Note on Hedging a Loan Portfolio
Welzel, Peter; Broll, Udo - 2003
In the framework of the industrial economics approach to banking we extend the analysis of hedging against default on …In the framework of the industrial economics approach to banking we extend the analysis of hedging against default on …
Persistent link: https://www.econbiz.de/10010263007
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Managing credit risk with credit and macro derivatives
Welzel, Peter; Schweimayer, Gerhard; Broll, Udo - 2003
The industrial organization approach to the microeconomics of banking augmented by uncertainty and risk aversion is …
Persistent link: https://www.econbiz.de/10010263009
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The economics of regional demarcation in banking
Raab, Simone; Welzel, Peter - 2010
Cooperation among savings and cooperative banks was criticized by the European Commission because of potentially anti-competitive effects. In an industrial economics model of banks taking deposits and giving loans we look at regional demarcation as one of such cooperative practices. There are...
Persistent link: https://www.econbiz.de/10010271449
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Bankrisiko und Risikosteuerung mit Derivaten
Broll, Udo; Welzel, Peter - 2002
In einem einfach gehaltenen Bankmodell untersucht der Beitrag die ökonomischen Wirkungen des Einsatzes von Derivaten für marktgängige und nicht marktgängige Risiken. Wir betrachten das klassische Kredit– und Einlagengeschäft einer kompetitiven Bank. Sind Kreditausfall- und...
Persistent link: https://www.econbiz.de/10010291696
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Mergers Among German Cooperative Banks: A Panel-based Stochastic Frontier Analysis
Lang, Günter; Welzel, Peter - 1997
243 mergers, we analyze motives for and cost effects of small-scale mergers in German banking. Estimating a frontier cost …
Persistent link: https://www.econbiz.de/10010291732
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The Economics of Regional Demarcation in Banking
Raab, Simone; Welzel, Peter - 2010
Cooperation among savings and cooperative banks was criticized by the European Commission because of potentially anti-competitive effects. In an industrial economics model of banks taking deposits and giving loans we look at regional demarcation as one of such cooperative practices. There are...
Persistent link: https://www.econbiz.de/10010294740
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Regulation, credit risk transfer with CDS, and bank lending
Pausch, Thilo; Welzel, Peter - 2012
We integrate Basel II (and III) regulations into the industrial organization approach to banking and analyze the …
Persistent link: https://www.econbiz.de/10010308265
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Regulation, Credit Risk Transfer with CDS, and Bank Lending
Pausch, Thilo; Welzel, Peter - In: Credit and Capital Markets – Kredit und Kapital 46 (2013) 4, pp. 439-465
We integrate Basel II (and III) regulations into the industrial organization approach to banking and analyze the …
Persistent link: https://www.econbiz.de/10014524598