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Rechtsvereinheitlichung beim "droit de suite"? Ökonomische Analyse des Richtlinienentwurfs der Europäischen Kommission
Schmidtchen, Dieter; Koboldt, Christian; Kirstein, Roland - 1997
Der Richtlinienentwurf der EU-Kommission zur europaweiten Einführung eines Folgerechts auf Kunstwerke ist dazu gedacht, die öknomische Lage junger Künstler zu verbessern. Eine einfache preistheoretische Überlegung zeigt jedoch, daß dieses Ziel verfehlt werden dürfte. Außerdem analysiert...
Persistent link: https://www.econbiz.de/10010296942
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Do Artists Benefit from Resale Royalties? An Economic Analysis of a New EU Directive
Kirstein, Roland; Schmidtchen, Dieter - 2000
According to a new European Union directive, artists, whose works are resold, are entitled to a share of the sales price. The principal aim of this initiative is to let the artists participate in the economic success of their work. Our analysis shows that the new directive is most likely to...
Persistent link: https://www.econbiz.de/10010296957
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Hedging with Credit Derivatives and its Strategic Role in Banking Competition
Pausch, Thilo; Schweimayer, Gerhard - 2004
The tremendous growth of markets for credit derivatives since the mid 1990's has raised questions regarding the role of these instruments in the banking in- dustry which is heavily exposed to credit risk. However, while recent literature mainly focused on pricing and optimal decisions regarding...
Persistent link: https://www.econbiz.de/10010263017
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Will video kill the radio star? Digitalisation and the future of banking
Beck, Thorsten; Cecchetti, Stephen G.; Grothe, Magdalena; … - 2022
The contribution of financial and non-financial risks to the overall level of risk in the system depends on the current state of the EU banking system (which, in the aggregate and compared with banking sectors in other major advanced economies, cannot be characterised as strong) and how...
Persistent link: https://www.econbiz.de/10014327923
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Regulation, credit risk transfer, and bank lending
Pausch, Thilo; Welzel, Peter - 2011
behavior and risk sensitivity of a risk-neutral bank. The bank is exposed to credit risk and may use credit default swaps (CDS …) for hedging purposes. Regulation is found to induce the risk-neutral bank to behave in a more risk-sensitive way: Compared …. Under the Substitution Approach in Basel II (and III) a risk-neutral bank will over-, fully or under-hedge its total …
Persistent link: https://www.econbiz.de/10010291748
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Preconditions for a successful implementation of supervisors' prompt corrective action: Is there a case for a banking standard in the European Union?
Nieto, María J.; Wall, Larry D. - 2006
Over the past years, several countries around the world have adopted a system of prudential prompt corrective action (PCA). The European Union countries are being encouraged to adopt PCA by policy analysts who explicitly call for its adoption. To date, most of the discussion on PCA has focused...
Persistent link: https://www.econbiz.de/10010292333
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Determinants of domestic and cross-border bank acquisitions in the European Union
Hernando, Ignacio; Nieto, María J.; Wall, Larry D. - 2008
This paper analyzes the determinants of bank acquisitions both within and across 25 members of the European Union (EU …
Persistent link: https://www.econbiz.de/10010292345
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The eurosystem money market auctions: a banking perspective
Bartzsch, Nikolaus; Craig, Ben R.; Fecht, Falko - 2005
This paper analyzes the individual bidding behaviour of German banks in the money market auctions conducted by the ECB from the beginning of the third quarter of 2000 to the end of the first quarter of 2001. Our approach takes a variety of characteristics of the individual banks into account. In...
Persistent link: https://www.econbiz.de/10010295903
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Does diversification improve the performance of German banks? Evidence from individual bank loan portfolios
von Westernhagen, Natalja; Porath, Daniel; Hayden, Evelyn - 2006
geographical regions measured by the Herfindahl Index. To explore this issue, we use a unique data set of the individual bank loan …
Persistent link: https://www.econbiz.de/10010295912
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Slippery slopes of stress: ordered failure events in German banking
Koetter, Michael; Kick, Thomas - 2007
Outright bank failures without prior indication of financial instability are very rare. Supervisory authorities monitor … regarded as troubled to varying degrees before outright closure. But to our knowledge virtually all studies that predict bank … failures neglect the ordinal nature of bank distress. Exploiting the distress database of the Deutsche Bundesbank we …
Persistent link: https://www.econbiz.de/10010295922