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  1. The longer term refinancing operations of the ECB
    Published: 2004
    Publisher:  Europ. Central Bank, Frankfurt am Main

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    Content information
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Print
    RVK Categories: QM 430 ; QM 430
    Series: Working paper series / European Central Bank ; Eurosystem ; No. 359
    Subjects: Refinanzierung; Geldpolitik; Notenbank; Auktion; :z Geschichte 1999-2003
    Other subjects: (stw)1999-2003; (stw)Refinanzierung; (stw)Geldpolitik; (stw)Zentralbank; (stw)Auktion; (stw)EU-Staaten; Monetary Policy Instruments of the ECB; Auctions; Winner’s Curse; Panel Analysis of Bidding Behavior; Arbeitspapier; Graue Literatur
    Scope: 58 S., graph. Darst., 30 cm
    Notes:

    Auch im Internet unter der Adresse www.ecb.int und ssrn.com/abstract_id=533028 verfügbar

  2. The longer term refinancing operations of the ECB
    Published: 2007
    Publisher:  Universitätsbibliothek Johann Christian Senckenberg, Frankfurt am Main

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    RVK Categories: QM 430 ; QM 430
    Series: Europäische Zentralbank: Working paper series ; No. 359
    Subjects: Refinanzierung; Geldpolitik; Notenbank; Auktion; :z Geschichte 1999-2003
    Other subjects: (stw)1999-2003; (stw)Refinanzierung; (stw)Geldpolitik; (stw)Zentralbank; (stw)Auktion; (stw)EU-Staaten; Monetary Policy Instruments of the ECB; Auctions; Winner’s Curse; Panel Analysis of Bidding Behavior; Arbeitspapier; Graue Literatur
    Scope: Online-Ressource
  3. What determines the interest margin?
    an analysis of the German banking system ; conference paper
    Published: 2013
    Publisher:  ZBW, [Kiel

    This paper analyzes the determinants of the interest margin of German banks over the period 1995-2007, explicitly addressing differences among different bank groups. We use three empirical models to focus on the following aspects: the time evolution... more

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DSM 13
    No inter-library loan

     

    This paper analyzes the determinants of the interest margin of German banks over the period 1995-2007, explicitly addressing differences among different bank groups. We use three empirical models to focus on the following aspects: the time evolution of the interest margin, the average differences across groups, and the presence of autoregressive effects. For each model our results show that the interest margin can be mainly explained by market power and inefficiency, the influence of which is particularly high for cooperative banks. The Winner s Curse phenomenon and the cross-subsidization strategy negatively influence the margin of private banks.

     

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    Content information
    Volltext (kostenfrei)
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/80029
    Series: Array ; V1
    Subjects: German banks; Interest margin; Market power; Winner’s Curse; Germany
    Scope: Online-Ressource (26 S.), graph. Darst.