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582 Ergebnisse, ab 551
  • Diskussionspapiere 1344 / 2013

    Cross-Border Banking, Bank Market Structures and Market Power: Theory and Cross-Country Evidence

    Patterns in cross-border banking have changed since the global financial crisis. This may affect domestic bank market structures and macroeconomic stability in the longer term. In this study, I theoretically and empirically analyze how different modes of cross-border banking impact bank concentration. I use a two- country general equilibrium model with heterogeneous banks developed by De Blas and Russ ...

    2013| Franziska Bremus
  • Diskussionspapiere 1343 / 2013

    Capital Controls and Macroprudential Measures: What Are They Good For?

    Are capital controls and macroprudential measures successful in achieving their objectives? Assessing their effectiveness is complicated by selection bias and endogeneity; countries which change their capital-flow management measures (CFMs) often share specific characteristics and are responding to changes in variables that the CFMs are intended to influence. This paper addresses these challenges by ...

    2013| Kristin Forbes, Marcel Fratzscher, Roland Straub
  • Externe Monographien

    Big Banks and Macroeconomic Outcomes: Theory and Cross-Country Evidence of Granularity

    Does the mere presence of big banks affect macroeconomic outcomes? In this paper, we develop a theory of granularity (Gabaix, 2011) for the banking sector, introducing Bertrand competition and heterogeneous banks charging variable markups. Using this framework, we show conditions under which idiosyncratic shocks to bank lending can generate aggregate fluctuations in the credit supply when the banking ...

    Cambridge, Mass.: National Bureau of Economic Research, 2013, 40 S.
    (NBER Working Paper Series ; 19093)
    | Franziska Bremus, Claudia Buch, Katheryn N. Russ, Monika Schnitzer
  • Diskussionspapiere 1309 / 2013

    Bank Lending Procyclicality and Credit Quality during Financial Crises

    This paper analyses macroeconomic and financial determinants of bad loans applying a SVAR approach to investigate whether excessive loans granted during expansionary phases can explain the more than proportional increase in non-performing loans during contractionary periods. The results indicate that the effects of a permanent shock to bad loans on the excess of credit are significant and persistent ...

    2013| Guglielmo Maria Caporale, Stefano Di Colli, Juan Sergio Lopez
  • DIW Economic Bulletin 6 / 2013

    Implicit State Guarantees Exacerbate Problem: Separated Banking System Alone Not a Solution

    Many banks are now too big, complex, and closely interconnected to be liquidated. When they run into difficulties, they threaten the entire financial system of their economic area. Five years of financial crisis have not alleviated but exacerbated this problem. The cost of stabilizing banks is enormous, posing serious challenges to the states affected. In addition, such state guarantees create dangerously ...

    2013| Benjamin Klaus, Dorothea Schäfer
  • DIW Economic Bulletin 6 / 2013

    Separated Banking System Not Enough: Seven Questions to Dorothea Schäfer

  • Externe Monographien

    The "Celtic Crisis": Guarantees, Tranparency and Systemic Liquidity Risk

    Bank liability guarantee schemes have traditionally been viewed as costless measures to shore up investor confidence and prevent bank runs. However, as the experiences of some European countries, most notably Ireland, have demonstrated, the credibility and effectiveness of these guarantees are crucially intertwined with the sovereign's funding risks. Employing methods from the literature on global ...

    Ottawa: Bank of Canada, 2013, III, 42 S.
    (Working Paper / Bank of Canada ; 31)
    | Philipp König, Kartik Anand, Frank Heinemann
  • Externe Monographien

    Granularity in Banking and Growth: Does Financial Openness Matter?

    We explore the impact of large banks and of financial openness for aggregate growth. Large banks matter because of granular effects: if markets are very concentrated in terms of the size distribution of banks, idiosyncratic shocks at the bank-level do not cancel out in the aggregate but can affect macroeconomic outcomes. Financial openness may affect GDP growth in and of itself, and it may also influence ...

    München: CESifo, 2013, 42 S.
    (CESifo Working Papers ; 4356)
    | Franziska Bremus, Claudia M. Buch
  • Diskussionspapiere 1279 / 2013

    Long Memory in the Ukrainian Stock Market

    This paper examines the dynamics of stock prices in Ukraine by estimating the degree of persistence of the PFTS stock market index. Using long memory techniques we show that the log prices series is I(d) with d slightly above 1, implying that returns are characterised by a small degree of long memory and thus are predictable using historical data. Moreover, their volatility, measured as the absolute ...

    2013| Guglielmo Maria Caporale, Luis A. Gil-Alana
  • Diskussionspapiere 1278 / 2013

    Is the Willingness to Take Financial Risk a Sex-Linked Trait? Evidence from National Surveys of Household Finance

    We investigate whether the willingness to take investment risk is a sex-linked trait and link the results to the country's gender equality regime. Our empirical analysis involves household data on financial asset holdings as well as on self-reported risk tolerance for Austria, Italy, the Netherlands and Spain. Of those countries, Italy is by far the country with the greatest degree of gender inequality ...

    2013| Nataliya Barasinska, Dorothea Schäfer
582 Ergebnisse, ab 551