Seit 2003 werden die deutschen Unternehmen im Rahmen des ifo Konjunkturtests regelmäßig auch nach ihrer Beurteilung der Kreditvergabebereitschaft der Banken gefragt. Die Antworten auf diese »Kreditfrage« werden sowohl für die Bildung makroökonomischer Indikatoren – wie der...

In einer Währungsunion mit gemeinsamer Geldpolitik und Bankenaufsicht, aber fehlender Fiskalunion, ist die wechselseitige Abhängigkeit zwischen Banken und Staaten von besonderer Brisanz. Denn die Mitgliedstaaten verschulden sich in einer Währung, über die sie keine geldpolitische Hoheit...

Recently, "Financial Technology-companies" (FinTechs) are increasingly changing the financial services industry worldwide and impose considerable challenges for regulators tasked to solve the arising trade-off between sound regulation and innovation support. In this regard, regulatory sandboxes,...

Purpose - This study examines the impact of competition and concentration on bank income smoothing in Central and Eastern European (CEE) countries. Design/methodology/approach The two-step system GMM method was used to analyse the impact of competition and concentration on bank income smoothing...

This paper examines digital finance usage in the UK, US, India and Nigeria. Using data from the global financial development indicators, the findings reveal that the UK and US have higher digital finance usage than India and Nigeria. The US has higher credit card usage compared to the UK while...

Who Listened? Unappreciated Teachings of New Institutional Economics Related to the Financial Crisis of 2008 Who was listening before the Financial Crisis of 2008 to Arrow's warnings and the teachings of Coase? Due to transaction costs, incomplete foresight and bounded rationality not all risks...

A fundamental cause of the global financial crisis was excessive maturity mismatch, notably shadow banking holdings of sub-prime MBS and other structured credit instruments and cross-border Euro area interbank lending to the uncompetitive Euro area periphery. The costs of short term funding do...

Using several different datasets obtained from the German Central Bank (Deutsche Bundesbank) and the German Federal Statistical Office, we provide empirical evidence that savings and loan contracts (SLCs) are a macrosocial phenomenon that smooths housing demand by setting countercyclical...