Understanding the impact of changing interest rates onto banks' net interest margin is of central importance for various stakeholders. The primary focus lies often on changes in the interest level. However, changes in the steepness are a second driver which also significantly impacts banks'...

We analyse the ftnancial forecasts small and medium-sized German banks provided in several waves of a quantitative survey, called LIRES, and compare them with the results the banks actually realized. Based on this unique data set, we ftnd that the predictions are relevant, especially concerning...

Despite the ongoing consolidation trend in the banking industry and the attention some mergers (in particular between large banks) have been receiving, there is no consistent picture of the impact of mergers on the stability of the financial system. In this paper, we aim to provide a universal...

This paper shows that the supply side of credit is a major factor for the phenomenonof hampered interest rate pass-through in monopolistic banking markets. Our data,covering all 1,555 small and medium sized banks in Germany, provides a clear wayto partial out demand shocks; we are thus able to...

This paper shows that the supply side of credit is a major factor for the phenomenon of hampered interest rate pass-through in monopolistic banking markets. Our data, covering all 1,555 small and medium sized banks in Germany, provides a clear way to partial out demand shocks; we are thus able...

Langzeitarbeitslose haben oft Schwierigkeiten, einen neuen Job zu finden. Um mögliche Beschäftigungshemmnisse abzubauen, ist es wichtig, die betriebliche Wahrnehmung besonderer Defizite bei dieser Personengruppe zu kennen. Nur so kann den Problemen, mit denen sich Langzeitarbeitslose beim...

We study how a reduction in financial constraints faced by homeowners affects consumption, and in turn employment creation and the skill composition of the workforce over the business cycle. We leverage a wide set of Danish administrative registries, and implement a difference-in-differences...

We analyse the ftnancial forecasts small and medium-sized German banks provided in several waves of a quantitative survey, called LIRES, and compare them with the results the banks actually realized. Based on this unique data set, we ftnd that the predictions are relevant, especially concerning...