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Early Warning Indicators for the German Banking System : A Macroprudential Analysis
Jahn, Nadya - 2016
Over the past two decades, Germany experienced several periods of banking system instability rather than full-blown banking system crises. In this paper we introduce a continuous and forward-looking stability indicator for the banking system based on information on all financial institutions in...
Persistent link: https://www.econbiz.de/10012988812
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Characterising the Financial Cycle : Don't Lose Sight of the Medium Term!
Drehmann, Mathias - 2014
We characterize empirically the financial cycle using two approaches: analysis of turning points and frequency-based filters. We identify the financial cycle with the medium-term component in the joint fluctuations of credit and property prices; equity prices do not fit this picture well. We...
Persistent link: https://www.econbiz.de/10013065959
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Financialization made in Germany - a review
Detzer, Daniel - 2019
This article examines the spread of financialization in Germany before the financial crisis. It provides an up-to date overview on the literature on financialization and reviews which of the phenomena typically associated with financialization have emerged in Germany. In particular, the article...
Persistent link: https://www.econbiz.de/10012060679
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Banks, markets, and efficiency
Fecht, Falko; Martin, Antoine - 2005
rents already. Thus our results suggest that in the bank-dominated financial system of Germany, in which banks intensely …
Persistent link: https://www.econbiz.de/10010295897
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Banks, markets, and efficiency
Fecht, Falko; Martin, Antoine - 2005
not sufficiently restrain monopoly rents already. Thus, our results suggest that in Germany's bank-dominated financial …
Persistent link: https://www.econbiz.de/10010283333
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Extra credit : bank finance and firm export status in Germany
Goldbach, Stefan; Nitsch, Volker - 2013
This paper estimates the exporter premium in bank lending. We examine credit relationships in Germany, covering all … bank characteristics, our results indicate that exporting firms take out loan s around 15 percent larger than those of non-exporters. …
Persistent link: https://www.econbiz.de/10010230158
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Banks, markets, and efficiency
Fecht, Falko (contributor); Martin, Antoine (contributor) - 2005
not sufficiently restrain monopoly rents already. Thus, our results suggest that in Germany's bank-dominated financial …
Persistent link: https://www.econbiz.de/10002917590
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The Impact of Domestic and International Monetary Policy News on U.S. and German Bank Stocks
Kim, Suk-Joong - 2013
Central Bank (ECB) on stock returns and volatilities of U.S. NYSE and German DAX listed commercial banks. We find that Fed … news has the most influence on both U.S. and German listed bank stocks and an unexpected policy rate increase (decrease …) lowers (raises) returns and raises volatility in the majority of cases. On the other hand, ECB news generally increases bank …
Persistent link: https://www.econbiz.de/10013075033
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Cross-Border Diversification in Bank Asset Portfolios
Buch, Claudia M. - 2010
We compute optimally diversified international asset portfolios for banks located in France, Germany, Italy, the U.K., and the U.S., using the mean-variance portfolio model with currency hedging. We compare these benchmark portfolios to the actual cross-border asset positions of banks from...
Persistent link: https://www.econbiz.de/10013150715
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Unconventional Monetary Policy, Bank Lending, and Security Holdings : The Yield-Induced Portfolio Rebalancing Channel
Paludkiewicz, Karol - 2019
Exploiting a granular dataset of banks' security holdings I assess the impact of unconventional monetary policy on bank … bank constant at its level in January 2014, well in advance of an anticipation of the ECB's asset purchase program (APP … data on bank-specific TLTRO uptakes, my results do not seem to be driven by alternative, liquidity-driven transmission …
Persistent link: https://www.econbiz.de/10012898444