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Working PaPer SerieS no 1272 / DeCeMBer 2010: THe iMPaCT of PuBliC guaranTeeS on Bank riSk Taking eviDenCe froM a naTural exPeriMenT pptx

Working PaPer SerieS no 1272 / DeCeMBer 2010: THe iMPaCT of PuBliC guaranTeeS on Bank riSk Taking eviDenCe froM a naTural exPeriMenT pptx

Working PaPer SerieS no 1272 / DeCeMBer 2010: THe iMPaCT of PuBliC guaranTeeS on Bank riSk Taking eviDenCe froM a naTural exPeriMenT pptx

... (“Landesbank”) and each federal state bank is a liated with a state (“Bundesland”) or group of states. The a liated savings banks own each a part of their federal state bank. The federal state banks ... savings banks, rather than to an individual savings bank. In addition to the detailed borrower /bank matched data set, we also use a bank level data set that includes...
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Working PaPer SerieS no 1273 / DeCeMBer 2010: intereSt rate effeCtS of DeMograPhiC ChangeS in a neW-keyneSian life-CyCle fraMeWork pptx

Working PaPer SerieS no 1273 / DeCeMBer 2010: intereSt rate effeCtS of DeMograPhiC ChangeS in a neW-keyneSian life-CyCle fraMeWork pptx

... policy scenarios. 4 Calibration and d em ographic trends 4.1 Calibration We calibrate the system of steady-state equations to match key features of annual euro area data, taking, in particular, recent ... quantitative dimension of the reactions, the slow materialization of the demographic changes implies that the real interest rate declines towards the end of the samp...
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Working Paper Series no 1096 / September 2009: The determinants of Bank capital structure potx

Working Paper Series no 1096 / September 2009: The determinants of Bank capital structure potx

... equity as a percentage of the book value of banks for 2,408 bank- year observations in our sample of the 200 largest publicly traded banks in the U.S. and the EU from the Bankscope database from ... prices and dividends from Thompson Financial’s Datastream database, information about country level economic data from the World Economic Outlook database of the...
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WORKING PAPER SERIES NO 1376 / SEPTEMBER 2011: THE PRICE OF LIQUIDITY THE EFFECTS OF MARKET CONDITIONS AND BANK CHARACTERISTICS pptx

WORKING PAPER SERIES NO 1376 / SEPTEMBER 2011: THE PRICE OF LIQUIDITY THE EFFECTS OF MARKET CONDITIONS AND BANK CHARACTERISTICS pptx

... a relatively large underpricing. Award ratio: a bidder’s award in an auction as a percentage of his demand. Award to total award: a bidder’s award in an auction as a percentage of aggregate award ... types of banks as classified by the Deutsche Bundesbank: private banks, savings banks, cooperatives, branches of foreign banks, Landesbanks, and cooperative central banks. Bidd...
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WORKING PAPER SERIES NO. 393 / SEPTEMBER 2004: THE DETERMINANTS OF THE OVERNIGHT INTEREST RATE IN THE EURO AREA doc

WORKING PAPER SERIES NO. 393 / SEPTEMBER 2004: THE DETERMINANTS OF THE OVERNIGHT INTEREST RATE IN THE EURO AREA doc

... particular interbank market is set up. There are two types of agents in the market, the central bank on one hand and commercial banks on the other hand. The key ingredients of the model are the 7 The ... reserve market and a graphical summary of the theoretical model, as well as a detailed description of the data used and a review of predictable pattern...
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Working PaPer SerieS no 1150 / January 2010: Do bank loanS anD creDit StanDarDS have an effect on outPut? a Panel aPProach for the euro area doc

Working PaPer SerieS no 1150 / January 2010: Do bank loanS anD creDit StanDarDS have an effect on outPut? a Panel aPProach for the euro area doc

... 1150 January 2010 Working PaPer SerieS no 1150 / January 2010 Do bank loanS anD creDit StanDarDS have an effect on outPut? a Panel aPProach for the euro area by Lorenzo Cappiello, Arjan Kadareja, Christoffer ... structure and as a result they may have to alter the composition of their assets. At the same time, our identi…cation does not rely on the textboo...
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Working PaPer SerieS no 1160 / FeBrUarY 2010: evidence For SUrveY maTTerS The eUro area Bank lending emPirical crediT and oUTPUT groWTh pptx

Working PaPer SerieS no 1160 / FeBrUarY 2010: evidence For SUrveY maTTerS The eUro area Bank lending emPirical crediT and oUTPUT groWTh pptx

... spreads Quarterly averages of daily corporate euro-denominated bond spreads Thomson Financial Datastream Non-financial BBB corporate bond spreads Quarterly averages of daily non-financial euro-denominated ... securitizations lead to the removal of the securitized loans from the bank balance sheet, because certain accounting standards view the securitization as a collate...
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WORKING PAPER SERIES NO 845 / DECEMBER 2007: RUN-PRONE BANKING AND ASSET MARKETS doc

WORKING PAPER SERIES NO 845 / DECEMBER 2007: RUN-PRONE BANKING AND ASSET MARKETS doc

... O WORKING PAPER SERIES NO 845 / DECEMBER 2007 In 2007 all ECB publications feature a motif taken from the 20 banknote. RUN-PRONE BANKING AND ASSET MARKETS 1 by Marie Hoerova 2 This paper ... comments and advice from Bruno Biais, David Easley, Huberto Ennis, Miquel Faig, Florian Heider, Todd Keister, B. Ravikumar, Assaf Razin, Karl Shell, Yi Wen, and semina...
Ngày tải lên : 06/03/2014, 09:22
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WORKING PAPER SERIES NO. 546 / NOVEMBER 2005: THE NATURAL REAL INTEREST RATE AND THE OUTPUT GAP IN THE EURO AREA A JOINT ESTIMATION doc

WORKING PAPER SERIES NO. 546 / NOVEMBER 2005: THE NATURAL REAL INTEREST RATE AND THE OUTPUT GAP IN THE EURO AREA A JOINT ESTIMATION doc

... necessarily co ntain judgem ents about the determinants of the natural rate. Rather, the approac h they tak e is closer to a pure statistical measur e. C on sequently, variations in the natural rate ... is non-stationary, it should provide an adequate w ay to estimate 4 The reason for using this approach is that the bulk of the distribution of the parameters that...
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WORKING PAPER SERIES NO. 548 / NOVEMBER 2005: THE LINK BETWEEN INTEREST RATES AND EXCHANGE RATES DO CONTRACTIONARY DEPRECIATIONS MAKE A DIFFERENCE? doc

WORKING PAPER SERIES NO. 548 / NOVEMBER 2005: THE LINK BETWEEN INTEREST RATES AND EXCHANGE RATES DO CONTRACTIONARY DEPRECIATIONS MAKE A DIFFERENCE? doc

... with the exception of , which can adopt any real value. The value of  is negative in a contractionary depreciation and positive in an expansionary depreciation. All shocks are of the zero-mean, ... establish the degree of empirical relevance of the sun spot as a factor merely amplifying fun - damental economic behaviour or rather having a more substantial impact...
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