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This Working Paper gives insights into the concepts of productivity and efficiency. Both concepts are popular measures for evaluating productive units, either on macro or micro level. This paper provides clear definitions for both concepts and outlines key areas of interest in this context, such...
Persistent link: https://www.econbiz.de/10010298934
Effizienzunterschiede zwischen privaten und öffentlichen Bildungseinrichtungen sind in der empirischen Literatur höchst umstritten. Die Mehrheit der bisherigen Studien versuchte erfolglos mit Hilfe von Regressionsanalysen, meist nur auf nationaler Ebene, eine eindeutige Effizienzüberlegenheit...
Persistent link: https://www.econbiz.de/10010278179
Persistent link: https://www.econbiz.de/10011604338
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
Germany's banking sector has been severely hit by the global financial crisis. In a German context as of February, 2009, this paper reviews briefly the structure of the banking industry, quantifies effects of the crisis on banks and surveys responses of economic policy. It is argued that policy...
Persistent link: https://www.econbiz.de/10010266115
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
In its fifth edition, this report focuses on recent developments in Africa's banking sectors and the policy options for all stakeholders. The study of banking sectors across all African sub-regions includes the results of the EIB survey of banking groups operating in Africa. Three thematic...
Persistent link: https://www.econbiz.de/10012511365
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
% of the U.S. mortgage market. Exploiting within-servicer variation in these data, we find that bank-held loans are 26% to …, modifications of bank-held loans are more efficient: conditional on a modification, bank-held loans have lower post …
Persistent link: https://www.econbiz.de/10010292147
We motivate and provide an overview to New Monetarist Economics. We then briefly describe the individual contributions to the Macroeconomics Dynamics special issues on money, credit and liquidity.
Persistent link: https://www.econbiz.de/10010292208