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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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Benign neglect of covenant violations : blissful banking or ignorant monitoring?
Colonnello, Stefano; Koetter, Michael; Stieglitz, Moritz - 2019
tightening of credit terms when firms experience shocks. …
Persistent link: https://www.econbiz.de/10011960127
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IT use, productivity, and market power in banking
Koetter, Michael; Noth, Felix - In: Journal of Financial Stability 9 (2013) 4, pp. 695-704
Information management is a core process in banking that can resolve information asymmetries and thereby help to mitigate competitive pressure. We test if the use of information technology (IT) contributes to bank output, and how IT-augmented bank productivity relates to differences in market...
Persistent link: https://www.econbiz.de/10010729654
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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 implications of latent technology regimes for competition and efficiency in banking
Koetter, Michael; Poghosyan, Tigran - 2008
specific cost parameters to measure competition with Lerner indices. Large, national universal banks and the smallest, most … specialized banks exhibit the lowest level of competition. In turn, medium sized universal banks are both efficient and exhibit …
Persistent link: https://www.econbiz.de/10010295952
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The implications of latent technology regimes for competition and efficiency in banking
Koetter, Michael; Poghosyan, Tigran - Deutsche Bundesbank - 2008
specific cost parameters to measure competition with Lerner indices. Large, national universal banks and the smallest, most … specialized banks exhibit the lowest level of competition. In turn, medium sized universal banks are both efficient and exhibit …
Persistent link: https://www.econbiz.de/10005082783
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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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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