Showing 1 - 10 of 6,218
The purpose of this contribution is to illustrate the mechanism by which higher oil prices might lead to lower interest rates in the context of a simple model that takes into account the global external savings equilibrium. The simple model has interesting implications for how one views the huge...
Persistent link: https://www.econbiz.de/10010265785
The purpose of this contribution is to illustrate the mechanism by which higher oil prices might lead to lower interest rates in the context of a simple model that takes into account the global external savings equilibrium. The simple model has interesting implications for how one views the huge...
Persistent link: https://www.econbiz.de/10010271127
impact of bank mergers on deposit rates. In particular, results on the dynamics of deposit rates surrounding bank mergers … vary substantially across studies. In this paper, we aim for a comprehensive empirical analysis of a bank merger's impact … monthly frequency for the time period 1997-2006. These data are matched with individual bank and local market characteristics …
Persistent link: https://www.econbiz.de/10010295939
This paper analyzes the determinants of the interest rate of short-term unsecured loan inter-bank market (call) in …
Persistent link: https://www.econbiz.de/10010325101
Policy makers often decide to liberalize foreign bank entry but at the same time restrict the mode of entry. We study …
Persistent link: https://www.econbiz.de/10011604699
Interest payments based on income flows are a common feature of informal loans. Such so-called `interlinked loans' can be seen as an insurance against very low disposable incomes, as interest payments are lowest when income turns out to be low. This paper examines whether interlinked loans...
Persistent link: https://www.econbiz.de/10011753328
In contrast to the existing literature on repeated games that assumes a Þxed discount factor, I study an environment in which it is more realistic to assume a ßuctuating discount factor. In a repeated oligopoly, as the interest rate changes, so too does the degree to which Þrms discount the...
Persistent link: https://www.econbiz.de/10010318903
Policy makers often decide to liberalize foreign bank entry but put limitations on the mode of entry. We study how …
Persistent link: https://www.econbiz.de/10010320758
We review and construct consistent in-sample specification and out-of-sample model selection tests on conditional distributions and predictive densities associated with continuous multifactor (possibly with jumps) and (non)linear discrete models of the short term interest rate. The results of...
Persistent link: https://www.econbiz.de/10010282832
Seit Mitte der 90er Jahre liegt das deutsche Kreditzinsniveau über dem Durchschnitt der EWU. Worauf ist diese Entwicklung zurückzuführen? Sind die deutschen Banken weniger effizient? Liegt der Zinsunterschied an den hohen Refinanzierungskosten? Gibt es in Deutschland mehr Kreditausfälle,...
Persistent link: https://www.econbiz.de/10010303563