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Asset portfolio securitizations and cyclicality of regulatory capital

Lützenkirchen, Kristina; Rösch, Daniel; Scheule, Harald - In: European Journal of Operational Research 237 (2014) 1, pp. 289-302

This paper analyzes the level and cyclicality of regulatory bank capital for asset portfolio securitizations in relation to the cyclicality of capital requirements for the underlying loan portfolio as under Basel II/III. We find that the cyclicality of capital requirements is higher for (i)...

Persistent link: https://www.econbiz.de/10011097786

Sense and Sensitivity: An Input Space Odyssey for Asset-Backed Security Ratings

Girolamo, Francesca Di; Jonsson, Henrik; Campolongo, … - In: International Journal of Financial Research 3 (2012) 4, pp. 46-68

The rating of asset-backed securities is partly based on quantitative models for the defaults and prepayments of the assets in the pool. This quantitative approach contains a number of assumptions and estimations of input variables whose values are affected by uncertainty. The uncertainty in...

Persistent link: https://www.econbiz.de/10011267672

Did investors outsource their risk analysis to rating agencies? Evidence from ABS-CDOs

Mählmann, Thomas - In: Journal of Banking & Finance 36 (2012) 5, pp. 1478-1491

Based on a sample of 3254 floating rate tranches from 617 ABS-CDOs (collateralized debt obligations backed by asset-backed securities), this paper tests the “rating overdependence” hypothesis – i.e., that ratings of structured products are a sufficient statistic (in terms of predicting...

Persistent link: https://www.econbiz.de/10011065570

Securitization Rating Performance and Agency Incentives

Roesch, Daniel; Scheule, Harald - Hong Kong Institute for Monetary Research (HKIMR), … - 2011

This paper provides an empirical study, which assesses the historical performance of credit rating agency (CRA) ratings for securitizations before and during the financial crisis. The paper finds that CRAs do not sufficiently address the systematic risk of the underlying collateral pools as well...

Persistent link: https://www.econbiz.de/10009144389

Internationale Vergleiche beim Mindestlohn

Knabe, Andreas; Schöb, Ronnie; Thum, Marcel - In: ifo Dresden berichtet 21 (2014) 04, pp. 34-35

Ab dem 1.Januar 2015 soll in Deutschland ein flächendeckender Mindestlohn von 8,50 € gelten. Die Warnungen vor …

Persistent link: https://www.econbiz.de/10010888429

Citizenship tests in five Countries: An expression of political liberalism?

Michalowski, Ines - Wissenschaftszentrum Berlin für Sozialforschung (WZB) - 2009

Inhalt von Einbürgerungstests der USA, Österreichs, des Vereinigten Königreichs, Deutschlands und der Niederlande. Eine … Deutschland Einbürgerungstests mit einem liberalen Inhalt eingeführt haben, der nicht nur dem britischen, sondern auch dem …

Persistent link: https://www.econbiz.de/10010981651

Die Zyklik der Profite in der Ernährungswirtschaft: Ein internationaler Vergleich.

Koerner, Julia; Weiss, Christoph R. - Institut für Ernährungswirtschaft und … - 2001

der Profite verschiedener Branchen der Ernährungswirtschaft in Deutschland, den USA sowie den Niederlanden. Aus der … Branchen mit niedriger Konzentration in Deutschland sowie in sämtlichen Branchen der USA gering ist. Die Beobachtungen für … prozyklische Schwankungen der Profite in Deutschland in hochkonzentrierten Branchen, während das Ausmaß der Schwankungen in …

Persistent link: https://www.econbiz.de/10009644718

Opel: Schützenhilfe aus Brüssel.

Klodt, Henning - Kiel Institute for the World Economy - 2009

Persistent link: https://www.econbiz.de/10009391506

Fiskalpolitik in offenen Volkswirtschaften.

Lehment, Harmen - Kiel Institute for the World Economy - 1988

Persistent link: https://www.econbiz.de/10008610390

Globalization of the automobile industry : traditional locations under pressure?.

Spatz, Julius; Nunnenkamp, Peter - Kiel Institute for the World Economy - 2004

n.a.

Persistent link: https://www.econbiz.de/10008562154