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Persistent link: https://www.econbiz.de/10011920037
agencies. After having examined the market, competition authorities concluded that tacit collusion existed but could not easily … type of variable tax scheme successfully manages to render collusion an unprofitable business. In addition, it is also easy … - and therefore non-prosecutable - collusion, could be turned into a regulatory virtue as it becomes a powerful means to …
Persistent link: https://www.econbiz.de/10010340142
agencies. After having examined the market, competition authorities concluded that tacit collusion existed but could not easily … specially tailored tax on price successfully manages to render collusion an unprofitable business by collecting marginal profits … and that the inherent vice of the gasoline retail market, i.e., the transparency that enables tacit-and therefore non-prosecutable-collusion …
Persistent link: https://www.econbiz.de/10010413228
The short-term Danish interbank market before, during and after the financial crisis The paper studies the microstructure of the short-term uncollateralised Danish interbank market before, during and after the financial crisis. The financial crisis in 2008 was followed by a slowdown in trading...
Persistent link: https://www.econbiz.de/10011390531
Persistent link: https://www.econbiz.de/10010245674
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We empirically investigate the effect that relationship lending has on the availability and pricing of interbank liquidity. Our analysis is based on a daily panel of unsecured overnight loans between 1,079 distinct German bank pairs from March 2006 to November 2007, a period that includes the...
Persistent link: https://www.econbiz.de/10011523828
Eine Gruppe vglw. kleiner Banken mit homogenem Geschäftsmodell ist theoretisch fähig, systemische Risiken freizusetzen. Ein Präventionsmechanismus kann hierbei Marktdisziplinierung sein, der dann irrelevant erscheint, wenn Kreditinstitute nicht auf allgemeinen Interbankenmärkten aktiv sind....
Persistent link: https://www.econbiz.de/10011456682
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In this paper, we report a descriptive investigation of the structural evolution of two of the most important over-the-counter markets for liquidity in Germany: the interbank market for credit and for derivatives. We use end-of-quarter data from the German large credit register between 2002 and...
Persistent link: https://www.econbiz.de/10010405454