valentin stockerl (3 Ergebnisse)

Taschenbuch. Zustand: Neu. Druck auf Anfrage Neuware - Printed after ordering - Seminar paper from the year 2019 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: 1,0, University of Frankfurt (Main), course: Inspecting the European Banking Sector, language: English, abstract: In the novel monetary environment of negative interest policy rates (NIPR) in the Euro area, it is questionable whether the existing findings on determinants of Net Interest Margins (NIM) still hold. This paper analyzes differences in the development of NIM across business models represented by a set of three indicators prior to and after the introduction of NIPR. The strategies are based on a binary categorization between high and low levels of the business indicators using a median, 67-33 and 80-20 percentile cut-off rule. I use a difference in differences (DiD) estimation approach, even though NIPR impact all banks' NIM. Thus, the obtained estimates do not measure the impact of NIPR itself, but the DiD between strategies. I mostly find positive albeit insignificant effects on banks with low asset held for trading, high deposit and customer loan ratios. In contrast, the DiD coefficient for banks with high deposit-based financing using an 80-20 cut-off is -14 bp, which proves to be a highly significant and economically relevant. These findings support the notion that multiple channels are affecting banks' NIM.

Zustand: Sehr gut. Zustand: Sehr gut | Sprache: Englisch | Produktart: Bücher | Seminar paper from the year 2019 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: 1,0, University of Frankfurt (Main), course: Inspecting the European Banking Sector, language: English, abstract: In the novel monetary environment of negative interest policy rates (NIPR) in the Euro area, it is questionable whether the existing findings on determinants of Net Interest Margins (NIM) still hold. This paper analyzes differences in the development of NIM across business models represented by a set of three indicators prior to and after the introduction of NIPR. The strategies are based on a binary categorization between high and low levels of the business indicators using a median, 67-33 and 80-20 percentile cut-off rule. I use a difference in differences (DiD) estimation approach, even though NIPR impact all banks¿ NIM. Thus, the obtained estimates do not measure the impact of NIPR itself, but the DiD between strategies. I mostly find positive albeit insignificant effects on banks with low asset held for trading, high deposit and customer loan ratios. In contrast, the DiD coefficient for banks with high deposit-based financing using an 80-20 cut-off is -14 bp, which proves to be a highly significant and economically relevant. These findings support the notion that multiple channels are affecting banks¿ NIM.

Taschenbuch. Zustand: Neu. Druck auf Anfrage Neuware - Printed after ordering - Studienarbeit aus dem Jahr 2016 im Fachbereich VWL - Makroökonomie, allgemein, Note: 1,0, Katholische Universität Eichstätt-Ingolstadt (WFI), Veranstaltung: Die Rolle von Humankapital und Innovation für die wirtschaftliche Entwicklung, Sprache: Deutsch, Abstract: In dieser Arbeit wird der empirische Ansatz von Acemoglu, Johnson und Robinson 'the colonial origins of comparative development: an empirical investigation' (2001) diskutiert. Institutionen können demnach einen fundamentalen Unterschied im Pro-Kopf-Einkommen ehemaliger Kolonien erklären. Dafür werden Unterschiede in den Sterblichkeitsraten europäischer Siedler genutzt. Unter Einbezug der Institutionen, erklärt sich demnach der Großteil der Armut in Afrika durch schlechtere Institutionen. Die Arbeit weißt aber auch Defizite auf. Unter anderem ist die Datenqualität mangelhaft. Außerdem zeigen Glaeser et al. 'Do Institutions Cause Growth' (2004) methodische Fehler in der Messung von Institutionen und eine Verletzung der Exogenitätsannahmen für den Instrumentenvariablenansatz. Alternativ schlagen sie Humankapital als Wachstumsquelle und erklärende Variable vor.