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Publications of the Project: Interactions between bank-specific risk and macroeconomic performance

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13 results, from 1
  • Diskussionspapiere 1822 / 2019

    The Nexus between Loan Portfolio Size and Volatility: Does Banking Regulation Matter?

    Since the global financial crisis and the related restructuring of banking systems, bank concentration is on the rise in many countries. Consequently, bank size and its role for macroeconomic volatility (or: stability) is the subject of intense debate. This paper analyzes the effects of financial regulations on the link between bank size, as measured by the volume of the loan portfolio, and volatility. ...

    2019| Franziska Bremus, Melina Ludolph
  • Diskussionspapiere 1636 / 2017

    Bank-Specific Shocks and House Price Growth in the U.S.

    This paper investigates the link between mortgage supply shocks at the banklevel and regional house price growth in the U.S. using micro-level data on mortgage markets from the Home Mortgage Disclosure Act for the 1990-2014 period. Our results suggest that bank-specific mortgage supply shocks indeed affect house price growth at the regional level. The larger the idiosyncratic shocks to newly issued ...

    2017| Franziska Bremus, Thomas Krause, Felix Noth
  • Diskussionspapiere 1348 / 2013

    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 ...

    2013| Franziska Bremus, Claudia M. Buch, Katheryn N. Russ, Monika Schnitzer
  • Diskussionspapiere 1346 / 2013

    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 ...

    2013| Franziska Bremus, Claudia M. Buch
  • 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
  • Refereed essays Web of Science

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

    Does the mere presence of big banks affect macroeconomic outcomes? We develop a theory of granularity for the banking sector by modeling heterogeneous banks charging variable markups. Using data for a large set of countries, we show that the banking sector is indeed “granular,” as the right tail of the bank size distribution follows a power law. We demonstrate empirically that the presence of big banks, ...

    In: Journal of Money, Credit and Banking 50 (2018), 8, S. 1785-1825 | Franziska Bremus, Claudia M. Buch, Katheryn N. Russ, Monika Schnitzer
  • Refereed essays Web of Science

    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 ...

    In: Journal of Banking & Finance 77 (2017), S. 300-316 | Franziska Bremus, Claudia M. Buch
  • Refereed essays Web of Science

    Banking Market Structure and Macroeconomic Stability: Are Low-Income Countries Special?

    Does the structure of banking markets affect macroeconomic volatility and, if yes, is this link different in low-income countries? In this paper, we explore the channels through which the structure of banking markets affects macroeconomic volatility. Our research has three main findings. First, we study whether idiosyncratic volatility at the bank level can impact aggregate volatility. We find weak ...

    In: Pacific Economic Review 20 (2015), 1, S. 73-100 | Franziska Bremus, Claudia M. Buch
  • Refereed essays Web of Science

    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 and market power. I use a two-country general equilibrium model with heterogeneous banks developed ...

    In: Journal of Banking & Finance 50 (2015), S. 242-259 | Franziska M. Bremus
  • Weitere externe Aufsätze

    Big Banks and Macroeconomic Outcomes

    In: Jon Danielsson (Ed.) , Post-Crisis Banking Regulation : Evolution of Economic Thinking as it Happened on Vox
    London:CEPR
    S. 117-126
    | Franziska Bremus, Claudia M. Buch, Katheryn N. Russ, Monika Schnitzer
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