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Government Guarantees and Bank Risk Taking Incentives
Fischer, Markus; Hainz, Christa; Rocholl, Jörg; … - CESifo - 2014
This paper analyzes the effect of the removal of government guarantees on bank risk taking. We exploit the removal of guarantees for German Landesbanken which results in lower credit ratings, higher funding costs, and a loss in franchise value. This removal was announced in 2001, but...
Persistent link: https://www.econbiz.de/10010752789
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Government guarantees and bank risk taking incentives
Fischer, Markus; Hainz, Christa; Rocholl, Jörg; … - European School of Management and Technology (ESMT) - 2014
This paper analyzes the effect of the removal of government guarantees on bank risk taking. We exploit the removal of guarantees for German Landesbanken which results in lower credit ratings, higher funding costs, and a loss in franchise value. This removal was announced in 2001, but...
Persistent link: https://www.econbiz.de/10010778585
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Mind the gap: The difference between U.S. and European loan rates
Berg, Tobias; Saunders, Anthony; Steffen, Sascha; … - 2016
We analyze differences in the pricing of syndicated loans between U.S. and European loans. For credit lines, U …. For term loans, U.S. firms pay significantly higher spreads. While European firms across the rating spectrum issue terms … loans, only low quality U.S. firms rely on term loans. U.S. issuers perform worse after loan origination compared to …
Persistent link: https://www.econbiz.de/10011438377
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Does the lack of financial stability impair the transmission of monetary policy?
Acharya, Viral V.; Imbierowicz, Björn; Steffen, Sascha; … - 2019
We investigate the transmission of central bank liquidity to bank deposits and loan spreads in Europe over the January 2006 to June 2010 period. We find evidence consistent with an impaired transmission channel due to bank risk. Central bank liquidity does not translate into lower loan spreads...
Persistent link: https://www.econbiz.de/10011994210
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Government guarantees and bank risk taking incentives
Fischer, Markus; Hainz, Christa; Rocholl, Jörg; … - 2014
This paper analyzes the effect of the removal of government guarantees on bank risk taking. We exploit the removal of guarantees for German Landesbanken which results in lower credit ratings, higher funding costs, and a loss in franchise value. This removal was announced in 2001, but...
Persistent link: https://www.econbiz.de/10010352115
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Government Guarantees and Bank Risk Taking Incentives
Fischer, Markus; Hainz, Christa; Rocholl, Jörg; … - 2014
This paper analyzes the effect of the removal of government guarantees on bank risk taking. We exploit the removal of guarantees for German Landesbanken which results in lower credit ratings, higher funding costs, and a loss in franchise value. This removal was announced in 2001, but...
Persistent link: https://www.econbiz.de/10010352433
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Does the lack of financial stability impair the transmission of monetary policy?
Acharya, Viral V.; Imbierowicz, Björn; Steffen, Sascha; … - 2019
We investigate the transmission of central bank liquidity to bank deposits and loan spreads in Europe over the period from January 2006 to June 2010. We find evidence consistent with an impaired transmission channel due to bank risk. Central bank liquidity does not translate into lower loan...
Persistent link: https://www.econbiz.de/10012156604
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Mind the gap : the difference between U.S. and European loan rates
Berg, Tobias; Saunders, Anthony; Steffen, Sascha; … - 2016
We analyze differences in the pricing of syndicated loans between U.S. and European loans. For credit lines, U …. For term loans, U.S. firms pay significantly higher spreads. While European firms across the rating spectrum issue terms … loans, only low quality U.S. firms rely on term loans. U.S. issuers perform worse after loan origination compared to …
Persistent link: https://www.econbiz.de/10011436380
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Does the lack of financial stability impair the transmission of monetary policy?
Acharya, Viral V.; Imbierowicz, Björn; Steffen, Sascha; … - 2019
We investigate the transmission of central bank liquidity to bank deposits and loan spreads in Europe over the period from January 2006 to June 2010. We find evidence consistent with an impaired transmission channel due to bank risk. Central bank liquidity does not translate into lower loan...
Persistent link: https://www.econbiz.de/10012155137
Cover Image
Government guarantees and bank risk taking incentives
Fischer, Markus; Hainz, Christa; Rocholl, Jörg; … - 2014
This paper analyzes the effect of the removal of government guarantees on bank risk taking. We exploit the removal of guarantees for German Landesbanken which results in lower credit ratings, higher funding costs, and a loss in franchise value. This removal was announced in 2001, but...
Persistent link: https://www.econbiz.de/10010257239