Using a unique data set on German banks' loans to the German real economy, we investigate banks' credit risk. This data … the period 2003-2011 yields the following results: (i) Beyond the nationwide credit loss rate, industry composition, and … regional factors, the loans' maturity structure is found to drive the bank-wide loss rates in the credit portfolio. (ii) The …

Using detailed data of all German banks, we find that banks which have suffered heavy credit losses reduce their … assumption of constant leverage. Weakly capitalized banks grant fewer new loans than other banks. We control for credit demand …

Using detailed data of all German banks, we find that banks which have suffered heavy credit losses reduce their … assumption of constant leverage. Weakly capitalized banks grant fewer new loans than other banks. We control for credit demand …

-offs and write-downs, we examine the impact of loan portfolio sector concentration on credit risk. By controlling for common …

-offs and write-downs, we examine the impact of loan portfolio sector concentration on credit risk. By controlling for common …

-offs and write-downs, we examine the impact of loan portfolio sector concentration on credit risk. By controlling for common …

To study bank behavior, we use tail events in the history of a bank's credit losses as a new type of shock to capital … significantly lower than the sensitivity under a constant-leverage regime. To control for credit demand, we construct a synthetic …

management for the customers, the bearing of credit risk, and term transformation. For the year 2012, the costs of liquidity and … payment management correspond, in the median, to 47%, the bearing of credit risk to 16%, and earnings from term transformation …