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For the largest 55 German banks, we detect the presence of countercyclical yield seeking in the form of acquisition of high-yielding periphery bonds in the period from Q1 2008 to Q2 2011. This investment strategy is pursued by banks not subject to a bailout, banks characterised by high...
Persistent link: https://www.econbiz.de/10012268051
I analyse firms organisational choices when they face uncertainty about institutional conditions in foreign locations with heterogeneous final good producers and incomplete contracts. As firms learn about the conditions abroad, the increasing offshoring activity increases competition in the...
Persistent link: https://www.econbiz.de/10013332242
We investigate the trade-off between financial stability and competition policy by focusing on the merger of ABN AMRO and Fortis Bank NL in the Dutch retail banking market. The financial crisis delayed the completion of the merger giving rise to anti-competitive behavior in the transitory...
Persistent link: https://www.econbiz.de/10012268034
funding markets affect competitiveness on the asset side. …
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We demonstrate that the co-existence of different motives for liquidity preferences profoundly affects the efficiency … precautionary and a speculative motive can cause efficiency losses which would not occur if there were only a single motive …
Persistent link: https://www.econbiz.de/10013328813
We model asset opacity and deposit rate choices of banks who imperfectly compete for uninsured deposits, are subject to runs, and face a threat of entry. Higher competition increases deposit rates and bank fragility, resulting in an intermediate socially optimal level of bank competition. We...
Persistent link: https://www.econbiz.de/10013329652
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to expand economically and improve the quality of life for the population. Yet, productivity, profits and efficiency are … and efficiency in cities and metropolitan areas in Mexico. This paper attempts to add evidence on the issue of disparities … in efficiency levels among the metropolitan economies in the period 1998-2008 by examining the differences and evolution …
Persistent link: https://www.econbiz.de/10011507699
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