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Displaying results 1 to 10 of 10.

  1. Deposit insurance, moral hazard and bank risk
    Author: Karas, Alexei; Pyle, William; Schoors, Koen
    Published: January 2021
    Publisher:  CESifo, Center for Economic Studies & Ifo Institute, Munich, Germany

    Using evidence from Russia, we explore the effect of the introduction of deposit insurance on bank risk. Drawing on variation in the ratio of firm deposits to total household and firm deposits before the announcement of deposit insurance, so as to... more

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    DS 63
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    Using evidence from Russia, we explore the effect of the introduction of deposit insurance on bank risk. Drawing on variation in the ratio of firm deposits to total household and firm deposits before the announcement of deposit insurance, so as to capture the magnitude of the decrease in market discipline after the introduction of deposit insurance, we demonstrate that larger declines in market discipline generate larger increases in traditional measures of risk. These results hold in a difference-in-difference setting in which private domestic banks serve as the treatment group and state and foreign-owned banks, whose deposit insurance regime does not change, serve as a control group.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/232464
    Series: CESifo working paper ; no. 8867 (2021)
    Subjects: deposit insurance; market discipline; moral hazard; risk taking; banks; Russia
    Scope: 1 Online-Ressource (circa 30 Seiten), Illustrationen
  2. Profit taxation and bank risk taking
    Author: Kogler, Michael
    Published: January 2021
    Publisher:  CESifo, Center for Economic Studies & Ifo Institute, Munich, Germany

    How can tax policy improve financial stability? Recent studies suggest large stability gains from eliminating the debt bias in corporate taxation. It is well known that this reform reduces bank leverage. This paper analyzes a novel, complementary... more

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    How can tax policy improve financial stability? Recent studies suggest large stability gains from eliminating the debt bias in corporate taxation. It is well known that this reform reduces bank leverage. This paper analyzes a novel, complementary channel: risk taking. We model banks' portfolio choice under moral hazard and emphasize the "incentive function" of equity. We find that (i) an allowance for corporate equity (ACE) and a lower tax rate discourage risk taking and offer stability and welfare gains, (ii) a revenue-neutral ACE unambiguously improves financial stability, and (iii) capital regulation and deposit insurance influence the risk-taking effects of taxation.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/232427
    Series: CESifo working paper ; no. 8830 (2021)
    Subjects: corporate taxation; tax reform; banking; risk taking; financial stability
    Scope: 1 Online-Ressource (circa 58 Seiten), Illustrationen
  3. Essays on behavioral economics
    empirical studies on risk, morality and framing
    Author: Jelschen, Hauke
    Published: 2021
    Publisher:  Universitätsbibliothek Kiel, Kiel

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    Universitätsbibliothek Braunschweig
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    Staats- und Universitätsbibliothek Bremen
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    Universitätsbibliothek Clausthal
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    Fachhochschule Erfurt, Hochschulbibliothek
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    Niedersächsische Staats- und Universitätsbibliothek Göttingen
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    Helmut-Schmidt-Universität, Universität der Bundeswehr Hamburg, Universitätsbibliothek
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    Staats- und Universitätsbibliothek Hamburg Carl von Ossietzky
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    Technische Universität Hamburg, Universitätsbibliothek
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    Bibliothek der Hochschule Hannover
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    Bibliothek im Kurt-Schwitters-Forum
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    Technische Informationsbibliothek (TIB) / Leibniz-Informationszentrum Technik und Naturwissenschaften und Universitätsbibliothek
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    Universitätsbibliothek Kiel, Zentralbibliothek
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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Zentrale Hochschulbibliothek Lübeck
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    Leuphana Universität Lüneburg, Medien- und Informationszentrum, Universitätsbibliothek
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    Hochschule Magdeburg-Stendal, Hochschulbibliothek
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    Hochschule Osnabrück, Bibliothek Campus Westerberg
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    Hochschule Magdeburg-Stendal, Standort Stendal, Bibliothek
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    UB Weimar
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    Source: Union catalogues
    Contributor: Schmidt, Ulrich (AkademischeR BetreuerIn)
    Language: English
    Media type: Dissertation
    Format: Online
    Other identifier:
    Subjects: behavioral economics; risk taking; moral decision making; framing
    Scope: 1 Online-Ressource (ix, 92 Blätter), Illustrationen
    Notes:

    Dissertation, Christian-Albrechts-Universität zu Kiel, 2021
  4. Perceived relative wealth and risk taking
    Author: Fehr, Dietmar; Reichlin, Yannick
    Published: August 2021
    Publisher:  CESifo, Center for Economic Studies & Ifo Institute, Munich, Germany

    We show that perceptions of relative rank in the wealth distribution shape individuals' willingness to take risks. Using a representative large-scale survey, we manipulate perceptions of relative standing by randomly varying response categories when... more

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    HeiBIB - Die Heidelberger Universitätsbibliographie
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    We show that perceptions of relative rank in the wealth distribution shape individuals' willingness to take risks. Using a representative large-scale survey, we manipulate perceptions of relative standing by randomly varying response categories when asking respondents about their wealth level. Respondents who are induced to perceive their relative position as low display more tolerance towards risk in a subsequent incentivized lottery task. This effect is mainly driven by individuals who more firmly believe that life outcomes are beyond their control. This interaction between risk preferences and underlying beliefs spotlights the benefits of incorporating personality traits into economic analysis.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/245434
    Series: CESifo working paper ; no. 9253 (2021)
    Subjects: relative wealth; risk taking; survey; experiment; locus of control
    Scope: 1 Online-Ressource (circa 56 Seiten), Illustrationen
  5. The dollar and corporate borrowing costs
    Author: Meisenzahl, Ralf R.; Niepmann, Friederike; Schmidt-Eisenlohr, Tim
    Published: 2021
    Publisher:  Board of Governors of the Federal Reserve System, [Washington, DC]

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    VS 201
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    Series: International finance discussion papers ; number 1312 (March 2021)
    Subjects: loan pricing; syndicated loans; dollar; institutional in-vestors; risk taking
    Scope: 1 Online-Ressource (circa 64 Seiten), Illustrationen
  6. Bank consolidation, interest rates, and risk
    a post-merger analysis based on loan-level data from the corporate sector
    Author: Juranek, Steffen; Nilsen, Øivind Anti; Ulsaker, Simen A.
    Published: December 2021
    Publisher:  CESifo, Center for Economic Studies & Ifo Institute, Munich, Germany

    In this paper we analyse the bank merger between DnB and Gjensidige Bank in 2003, ranked by market share as number one and number three in the Norwegian bank market. Focusing on loans to firms, our difference-in-differences analysis shows no increase... more

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    In this paper we analyse the bank merger between DnB and Gjensidige Bank in 2003, ranked by market share as number one and number three in the Norwegian bank market. Focusing on loans to firms, our difference-in-differences analysis shows no increase of concentration of new loans. The concentration in affected markets (markets where both merging parties were present) developed similarly to unaffected markets. Moreover, the interest rate tended to be lower in the affected markets relative to unaffected markets, but this relationship is weak and not statistically significant. The merger also affected the riskiness of loans only marginally. These weak effects could be the result of efficiency gains in the form of lower costs being pass-through to customers, and the increased market power (and consequently higher interest rates) cancelled each other out. The remedial measures imposed by the Norwegian Competition Authority on the two merging parties are also likely to explain some of the modest effects of the merger. The weak effects are largely coincident with international literature showing the effects of mergers and acquisitions in the banking sector to be modest.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/249025
    Series: CESifo working paper ; no. 9480 (2021)
    Subjects: banking; local competition; risk taking; firm behaviour
    Scope: 1 Online-Ressource (circa 32 Seiten), Illustrationen
  7. Bank consolidation, interest rates, and risk
    a post-merger analysis based on loan-level data from the corporate sector
    Author: Juranek, Steffen; Nilsen, Øivind Anti; Ulsaker, Simen A.
    Published: April 2021
    Publisher:  Centre for Applied Research at NHH, Bergen, Norway

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: SNF working paper ; no. 21, 04
    Subjects: banking; local competition; risk taking; firm behaviour
    Scope: 1 Online-Ressource (circa 33 Seiten), Illustrationen
  8. Adapting lending policies in a "negative-for-long" scenario
    Author: Arce, Óscar; García-Posada, Miguel; Mayordomo, Sergio; Ongena, Steven
    Published: 2021
    Publisher:  Swiss Finance Institute, Geneva

    What is the long-term impact of negative interest rates on bank lending? To answer this question we construct a unique summary measure of negative rate exposure by individual banks based on exclusive survey data, and couple it with the credit... more

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    Helmut-Schmidt-Universität, Universität der Bundeswehr Hamburg, Universitätsbibliothek
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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    What is the long-term impact of negative interest rates on bank lending? To answer this question we construct a unique summary measure of negative rate exposure by individual banks based on exclusive survey data, and couple it with the credit register of Spain to identify this impact on the supply of credit to firms. We find that only after a few years of negative rates do affected banks (relative to non-affected banks) decrease their supply and increase their rates, especially when lowly capitalized and lending to risky firms. However, no firms are facing funding constraints, yet

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
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    Edition: This draft: February 9, 2021
    Series: Research paper series / Swiss Finance Institute ; no 21, 75
    Subjects: negative interest rates; negative for long; lending policies; banks capital ratio; risk taking
    Other subjects: Array
    Scope: 1 Online-Ressource (circa 48 Seiten), Illustrationen
  9. Bank consolidation, interest rates, and risk
    a post-merger analysis based on loan-level data from the corporate sector
    Author: Juranek, Steffen; Nilsen, Øivind Anti; Ulsaker, Simen A.
    Published: 2021
    Publisher:  Norwegian School of Economics, Bergen, Norway

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 11250/2834373
    Series: Discussion paper / NHH, Department of Economics ; SAM 2021, 20 (November 2021)
    Subjects: banking; local competition; risk taking; firm behaviour
    Scope: 1 Online-Ressource (circa 36 Seiten), Illustrationen
  10. Income inequality, mortgage debt and house prices
    Author: Kösem, Sevim
    Published: May 2021
    Publisher:  Bank of England, London

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    VS 443
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Staff working paper / Bank of England ; no. 921
    Subjects: Income inequality; mortgage lending; mortgage default; house prices; real interest rates; risk taking; shift-share instruments
    Scope: 1 Online-Ressource (circa 63 Seiten), Illustrationen