Similar Search Results

Slippery slopes of stress: ordered failure events in German banking

Koetter, Michael; Kick, Thomas - Deutsche Bundesbank - 2007

Outright bank failures without prior indication of financial instability are very rare. Supervisory authorities monitor banks constantly. Thus, they usually obtain early warning signals that precede ultimate failure and, in fact, banks can be regarded as troubled to varying degrees before...

Persistent link: https://www.econbiz.de/10005082759

The effects of privatization and consolidation on bank productivity: comparative evidence from Italy and Germany

Fiorentino, Elisabetta; Vincenzo, Alessio De; Heid, Frank; … - Deutsche Bundesbank - 2009

activities have affected banks' productivity in the period 1994-2004, differentiating between technical change, efficiency change …

Persistent link: https://www.econbiz.de/10005082778

Evaluating the German bank merger wave

Koetter, Michael - Deutsche Bundesbank - 2005

efficiency (CE). We categorise mergers a success that fulfill simultaneously two criteria. First, merged institutes must exhibit … year above efficiency changes of non-merging banks. We employ this taxonomy to characterise (successful) mergers in terms …

Persistent link: https://www.econbiz.de/10005082779

Inefficient or just different? Effects of heterogeneity on bank efficiency scores

Bos, Jaap W. B.; Heid, Frank; Koetter, Michael; Kolari, … - Deutsche Bundesbank - 2005

affect estimated efficiency levels and rankings. We find that the level of efficiency scores is affected in the case of both … different banks as being best or worst performers. Our main conclusion is that efficiency studies in general and bank efficiency … studies in particular should account for heterogeneity across sample firms. Especially when efficiency measures are employed …

Persistent link: https://www.econbiz.de/10005082784

Real estate markets and bank distress

Koetter, Michael; Poghosyan, Tigran - Deutsche Bundesbank - 2008

We investigate the relationship between real estate markets and bank distress among German universal and specialized mortgage banks between 1995 and 2004. Higher house prices increase the value of collateral, which reduces the probability of bank distress (PDs). But higher prices at given rents...

Persistent link: https://www.econbiz.de/10005082785

Finance and growth in a bank-based economy: is it quantity or quality that matters?

Koetter, Michael; Wedow, Michael - Deutsche Bundesbank - 2005

supplied credit is indeed insignificant when a measure of intermediation quality is included. In turn, the efficiency of …

Persistent link: https://www.econbiz.de/10005082794

The quality of banking and regional growth

Hasan, Iftekhar; Koetter, Michael; Wedow, Michael - Deutsche Bundesbank - 2007

development. In order to measure the quality of financial development we use profit efficiency derived from stochastic frontier …

Persistent link: https://www.econbiz.de/10005082797

Accounting for distress in bank mergers

Koetter, Michael; Bos, Jaap W. B.; Heid, Frank; Kool, … - Deutsche Bundesbank - 2005

The inability of most bank merger studies to control for hidden bailouts may lead to biased results. In this study, we employ a unique data set of approximately 1,000 mergers to analyze the determinants of bank mergers. We use data on the regulatory intervention history to distinguish between...

Persistent link: https://www.econbiz.de/10005082798

Politics, banks, and sub-sovereign debt: Unholy trinity or divine coincidence?

Koetter, Michael; Popov, Alexander - 2018

We exploit election-driven turnover in State and local governments in Germany to study how banks adjust their securities portfolios in response to the loss of political connections. We find that local savings banks, which are owned by their host county and supervised by local politicians,...

Persistent link: https://www.econbiz.de/10011916850

May the force be with you: Exit barriers, governance shocks, and profitability sclerosis in banking

Koetter, Michael; Müller, Carola; Noth, Felix; Fritz, … - 2018

and efficiency at the expense of riskier financial profiles. Regarding real effects, firms exposed to forced bank mergers …

Persistent link: https://www.econbiz.de/10011956488