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Inside asset purchase programs : the effects of unconventional policy on banking competition
Koetter, Michael; Podlich, Natalia; Wedow, Michael - 2017
We test if unconventional monetary policy instruments influence the competitive conduct of banks. Between q2:2010 and q1:2012, the ECB absorbed e218 billion worth of government securities from five EMU countries under the Securities Markets Programme (SMP). Using detailed security holdings data...
Persistent link: https://www.econbiz.de/10011637495
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Bank bailouts and competition - Did TARP distort competition among sound banks?
Koetter, Michael; Noth, Felix - 2015
This study investigates if the Troubled Asset Relief Program (TARP) distorted price competition in U.S. banking …
Persistent link: https://www.econbiz.de/10011605849
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Inside asset purchase programs: the effects of unconventional policy on banking competition
Koetter, Michael; Podlich, Natalia; Wedow, Michael - 2017
We test if unconventional monetary policy instruments influence the competitive conduct of banks. Between q2:2010 and q1:2012, the ECB absorbed €218 billion worth of government securities from five EMU countries under the Securities Markets Programme (SMP). Using detailed security holdings...
Persistent link: https://www.econbiz.de/10011606062
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The quiet life hypothesis in banking: Evidence from German savings banks
Koetter, Michael; Vins, Oliver - 2008
cost savings. We suggest a united approach to measure competition and efficiency simultaneously to test this hypothesis. We … estimate bank-specific Lerner indices as measures of competition and test if cost and profit efficiency are negatively related …
Persistent link: https://www.econbiz.de/10010271346
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The quiet life hypothesis in banking : evidence from German savings banks
Koetter, Michael (contributor); Vins, Oliver (contributor) - 2008
or cost savings. We suggest a united approach to measure competition and efficiency simultaneously to test this … hypothesis. We estimate bank-specific Lerner indices as measures of competition and test if cost and profit efficiency are … are small from an economical perspective. -- Savings banks ; competition ; efficiency ; quiet life hypothesis …
Persistent link: https://www.econbiz.de/10003783101
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Inside Asset Purchase Programs : The Effects of Unconventional Policy on Banking Competition
Koetter, Michael - 2017
We test if unconventional monetary policy instruments influence the competitive conduct of banks. Between q2:2010 and q1:2012, the ECB absorbed €218 billion worth of government securities from five EMU countries under the Securities Markets Programme (SMP). Using detailed security holdings...
Persistent link: https://www.econbiz.de/10012963132
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Did TARP distort competition among sound banks?
Koetter, Michael - 2016
This study investigates if the Troubled Asset Relief Program (TARP) distorted price competition in U.S. banking …
Persistent link: https://www.econbiz.de/10013007774
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Bank Bailouts and Competition - Did TARP Distort Competition Among Sound Banks?
Koetter, Michael; Noth, Felix - 2015
This study investigates if the Troubled Asset Relief Program (TARP) distorted price competition in U.S. banking …
Persistent link: https://www.econbiz.de/10013020652
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Evaluating the German bank merger wave
Koetter, Michael - 2005
German banks experienced a merger wave throughout the 1990s. However, the success of bank mergers remains a continuous matter of debate. In this paper we suggest a taxonomy as how to evaluate post-merger performance on the basis of cost efficiency (CE). We categorise mergers a success that...
Persistent link: https://www.econbiz.de/10010295905
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Finance and growth in a bank-based economy: is it quantity or quality that matters?
Koetter, Michael; Wedow, Michael - 2006
With this paper we seek to contribute to the literature on the relation between finance and growth. We argue that most studies in the field fail to measure the quality of financial intermediation but rather resort to using proxies on the size of financial systems. Moreover, cross-country...
Persistent link: https://www.econbiz.de/10010295910