Our paper calls attention to the heterogeneous levels of competition in EMU banking systems. Employing a modified Lerner Index, our methodically unique data set enables us to calculate banks’ pricing power in the national lending business alone, instead of measuring market power for banks’...

Our paper calls attention to the heterogeneous levels of competition in EMU banking systems. We enhanced the ECB MFI interest rate statistics by calculating a lending rate average weighted by loan volumes for each EMU member country. Employing a modified Lerner Index, our unique data set enables...

This paper serves as a response to the assessment methodology of the Basel Committee on Banking Supervision to identify systemically important banks. Based on the official technique, which requires an extensive collection of bank data, our paper develops a practicable modification. Utilising...

Aktuell hat der Bankensektor - und vor allem die Großbanken - eine Krise durchzustehen. Schon seit längerem ist aber der Wettbewerb zwischen den Banken härter geworden. Wie hat sich die Marktstruktur im Bankensektor seit Anfang der 90er Jahre verändert? Welche Anpassungen an die...

Although recent experiences made during the ongoing international financial crisis call for smaller entities in banking systems, consolidation still takes place in many industrialized economies. The often stretched argument that large banks are able to establish economies of scale as well as...

Our paper addresses the economic concept of inflation, and how to measure inflation properly in practise. First of all we present and discuss comprehensively various definitions of inflation proposed and used in the literature. What follows, is a detailed investigation of empirical proxies or...

Although recent experiences made during the ongoing international financial crisis call for smaller entities in banking systems, consolidation still takes place in many industrialized economies. The often stretched argument that large banks are able to establish economies of scale as well as...

Die Cost-Income-Ratio (CIR) ist zutiefst im Verständnis der Banking Community wie auch der Wissenschaft als geeigneter Produktivitätsindikator verwurzelt. Gleichwohl impliziert die Messung einer Wert- anstelle einer Mengenrelation von Input und Output eine mögliche Verzerrung durch...

Recent corporate scandals, together with the effects of globalization, have led to an increasing interest in corporate governance issues. Little attention has been paid, however, to international laws and recommendations dealing with corporate governance in banking from a global perspective....

The 2007 financial and economic crisis that began in the United States and quickly spread around the world differed from earlier crises in a number of significant ways. This book examines the causes of these events in the US, and their impacts on North America, Europe, Asia and Australia.