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Lown, Cara S.; Rich, Robert W. - Federal Reserve Bank <New York, NY>; London School of … - 1997

[...]This article explores the inflation puzzle andinvestigates whether compensation has acted as either atemporary restraint on inflation or as the underlying sourceof a new inflation regime.2 After reviewing the recent behavior of inflation, we specify and estimate a traditionalprice-inflation...

Persistent link: https://www.econbiz.de/10005870223

Do Lending Relationships Matter? Evidence from Bank Survey Data in Germany

Lehmann, Erik E.; Neuberger, Doris - Universität <Augsburg> / Lehrstuhl für … - 2001

Strong lending relationships between banks and small and medium-sized enterprises (SMEs) play a key role in the bank … long-term bank-customer relationships. In contrast, the present paper also considers inter-actional variables which try to … measure social relations between loan officer and firm manager. Using bank survey data, the relationship and interaction …

Persistent link: https://www.econbiz.de/10005863278

Kreditinstitute in der Anlageberatung - Anforderungenaus der aktuellen Rechtsprechung und Gesetzgebung

Ewald, Cornelia - Hochschule <Wismar> / Fachbereich Wirtschaft - 2007

Vor dem Hintergrund der für die Kreditinstitute voraussichtlich zum1.11.2007 anzuwendenden europäischen Richtlinie über Märkte in Finanzinstrumenten sowie ihrer entsprechenden Durchführungsbestimmungen stellt sich die Frage, welche Anforderungen für die Anlageberatung der...

Persistent link: https://www.econbiz.de/10005863461

Informed Capital in a HostileEnvironment - The Case ofRelational Investors in Germany

Schäfer, Dorothea; Schilder, Dirk - Technische Universität <Freiberg> / Fakultät für … - 2006

difficult market conditions. For bank-basedsystems, the question regarding which investors actually supply informed capitalhas … significant differences between theinvestors which are linked to banks and those financiers which are not. Although,the bank …

Persistent link: https://www.econbiz.de/10005864104

Entwicklung und Perspektiven der Genossenschaftsbanken Italiens

Rossaro, Fabiana; Körnert, Jan; Nolte, Bernd - Technische Universität <Freiberg> / Fakultät für … - 2005

The structure of banking systems has been frequently in the debate over a long time. A re-structuring of banking systems is very often based on the experience of other countries. Ger-man cooperative banks can learn much about the development of Italy's cooperative banks. In contradiction to the...

Persistent link: https://www.econbiz.de/10005864133

Der Eigenkapitalbeitrag in der Marktzinsmethode

Körnert, Jan; Rossaro, Fabiana - Technische Universität <Freiberg> - 2004

Dem Eigenkapital von Unternehmen kommt eine herausragende Bedeutung zu, weil es denUnternehmen Verfügungsmacht über Haftungspotentiale verschafft. Insbesondere gilt dies fürBanken, da sie eine zentrale Stellung in den Zahlungs- und Haftungsbeziehungen einerVolkswirtschaft einnehmen und die...

Persistent link: https://www.econbiz.de/10005864348

Banking Entrepreneurship Differentials between Europe and Usa : A Note

Georgiou, Miltiades N.; Kyriazēs, Nikos K. - Max-Planck-Institut für Ökonomik <Jena> - 2006

The present paper refers to the field of "corporate convergence theory". A recent work on corporate convergence of Krishna et al. (2002) points out that there is little evidence that common standards in corporate fovernance have been implemented.Besides, in the same study (page 2) it is...

Persistent link: https://www.econbiz.de/10005864879

A Practical Method to Estimate Entrepreneurship's Reward

Georgiou, Miltiades N. - Max-Planck-Institut für Ökonomik <Jena> - 2005

In the present note, an effort will be made for a contribution to the economic theory by introducing a practical method to estimate entrepreneurship's reward. As an example, a regression, based on the entrepreneurship's reward, with baning panel data will yield the same main results as in the...

Persistent link: https://www.econbiz.de/10005864979

Bank Interest Margins and Business Start-Up Collateral: Testing for Convexity

Burke, Andrew; Hanley, Aoife - Max-Planck-Institut für Ökonomik <Jena> - 2004

The paper investigates the relationship between bank interest rate margins and collateral for loans issued to new … reduces bank exposure to risk (through security, more optimal levels of capital and lower moral hazard among entrepreneurs …

Persistent link: https://www.econbiz.de/10005865077

Finance, Control, and Profitability: The Influence of German Banks

Elston, Julie Ann; Chirinko, Robert S. - Max-Planck-Institut für Ökonomik <Jena> - 2003

Bank intermediated finance has been cited frequently as the preferred means for channeling funds from savers to firms … assertions about the considerable power of German banks and the advantages of a bank relation, empirical support is mixed. With a … unique dataset and a focus on the fragility/sturdiness of inferences, this paper evaluates German bank influence in terms of …

Persistent link: https://www.econbiz.de/10005865222