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  1. Why do savings banks transform sight deposits into illiquid assets less intensively than the regulation allows?
    Author: Holl, Dorothee; Schertler, Andrea
    Published: 2009
    Publisher:  Deutsche Bundesbank, Frankfurt am Main

    For their short-term payment obligations, savings banks hold substantially more liquid assets than the liquidity regulation requires. This paper investigates whether sight deposits, an important funding source for savings banks, help in explaining... more

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 27 (2009.05)
    Inter-library loan:
    No inter-library loan

    Location:
    Universitätsbibliothek Osnabrück
    Inter-library loan:
    No inter-library loan

     

    For their short-term payment obligations, savings banks hold substantially more liquid assets than the liquidity regulation requires. This paper investigates whether sight deposits, an important funding source for savings banks, help in explaining liquid asset holdings in excess of regulatory requirements. We analyze whether savings banks transform sight deposits in illiquid assets less intensively than is permitted because (i) the liquidity regulation underestimates actual withdrawal rates (underestimation effect) and/or (ii) savings banks are subject to limits in their lending to non-banks that they do not offset by, for instance, medium-term interbank lending or fixed asset holdings (lending effect). In our sample, we do not find the underestimation effect to be applicable as actual deposit withdrawal rates are in most cases lower than the regulatorily specified rate. However, we find the lending effect to be at work: Savings banks with low shares of loans to non-banks do not transform sight deposits into illiquid assets as intensively as savings banks with high shares of non-bank loans. Our analysis does not only show that liquid assets positively depend on sight deposits, but also shines a light on how bank size and the individual bank's position in the interbank market affect liquid assets. -- Liquid assets ; sight deposits ; prudential liquidity regulation

     
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    Content information
    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9783865585035
    Other identifier:
    hdl: 10419/27688
    Series: Array ; 2009,05
    Subjects: Sparkasse; Einlagengeschäft; Betriebliche Liquidität; Kreditgeschäft; Kapitalanlage; Bankenliquidität; Betriebsgröße; Interindustrielle Verflechtung; Deutschland
    Scope: Online-Ressource (PDF-Datei: 37 S., 204 KB)
    Notes:

    Zsfassungen in dt. und engl. Sprache
  2. The determinants of industry concentration
    two new empirical regularities
    Author: Lien, Lasse B.; Foss, Nicolai J.
    Published: 2009
    Publisher:  Department of Strategy and Management, Bergen

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    Keine Speicherung
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    Content information
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Discussion papers / Norwegian School of Economics and Business Administration ; 2009,03
    Subjects: Unternehmenskonzentration; Interindustrielle Verflechtung; Spillover-Effekt; Lebenszyklus; Korrelation
    Scope: Online-Ressource (PDF-Datei: 25 S., 96 KB)