Showing 1 - 10 of 6,304
We study the role of bargaining power and outside options with respect to the pricing of over-the-counter interbank … loans using a bilateral Nash bargaining model, and we test the model predictions with detailed transaction-level data from … the euro-area interbank market. We find that lender banks with greater bargaining power over their borrowers charge higher …
Persistent link: https://www.econbiz.de/10012301128
this paper focuses on the German banking sector and estimates its exposure to climate risks arising from a transition to a … to transition risks and shows that the German banking sector’s direct exposure to climate transition risks is non …
Persistent link: https://www.econbiz.de/10013164602
Exploiting a granular dataset of banks' security holdings I assess the impact of unconventional monetary policy on bank lending and security holdings. Using a difference-in-differences regression setup and holding the security composition of each bank constant at its level in January 2014, well...
Persistent link: https://www.econbiz.de/10012898444
This study examines the cross-border impact of central bank interest rate changes, using the example of the German Bundesbank. We examine the price impact of rate changes on both the general stock markets and on bank stocks in seven other European countries. The sample includes nations both...
Persistent link: https://www.econbiz.de/10013004319
Exploiting a granular dataset of banks' security holdings I assess the impact of unconventional monetary policy on bank lending and security holdings. Using a difference-in-differences regression setup and holding the security composition of each bank constant at its level in January 2014, well...
Persistent link: https://www.econbiz.de/10011874277
This paper studies the impact of unconventional monetary policy on bank lending and security holdings. I exploit granular security register data and use a difference - in-differences regression setup to provide evidence for the presence of a yield-induced portfolio rebalancing channel: Banks...
Persistent link: https://www.econbiz.de/10012914660
The German Commercial Code ("HGB") allows banks to build visible reserves for general banking risks according to … endowment, for internal financing, signaling or earnings management purposes. We analyze financial statements of German banks …
Persistent link: https://www.econbiz.de/10003882961
firm's investments might leave the bank in a very strong bargaining position and distort investment incentives. Therefore …
Persistent link: https://www.econbiz.de/10009768853
In diesem Beitrag werden mögliche ordnungspolitische Konsequenzen der Finanzmarktkrise in Folge der Turbulenzen auf dem US-amerikanischen Hypothekenkreditmarkt diskutiert. Zunächst erläutern die Autoren theoretisch und empirisch die Phänomene der Bankenkrisen und der Ansteckung in einem...
Persistent link: https://www.econbiz.de/10003635538
The "quiet life hypothesis (QLH)" posits that banks enjoy the advantages of market power in terms of foregone revenues or cost savings. We suggest a united approach to measure competition and efficiency simultaneously to test this hypothesis. We estimate bank-specific Lerner indices as measures...
Persistent link: https://www.econbiz.de/10003783101