Refereed essays Web of Science
Reliable information on small- and medium-sized enterprises (SMEs) is rare and costly for financial intermediaries. Therefore relationship banking is often considered as the appropriate lending technique. In this paper we offer a theoretical model to analyze relationship banking and the pricing behavior of banks in a Bertrand competition framework with monitoring costs. We show that the lack of reliable ...
Small Business Economics
27 (2006), 2-3, S. 127-137
| Timo Baas, Mechthild Schrooten
Frankfurt am Main:
(Working Paper Series / European Central Bank ; 628)
| Christian Dreger, Hans-Eggert Reimers, Barbara Roffia
Diskussionspapiere 1466 / 2015
This paper estimates a bivariate VAR-GARCH(1,1) model to examine linkages between food and energy prices. The adopted framework is suitable to analyse both mean and volatility spillovers, and also allows for possible parameter shifts resulting from four recent events, namely: 1) the 2006 food crisis, 2) the Brent oil bubble, 3) the introduction of the Renewable Fuel Standard (RFS) policy, and 4) the ...
2015| Alanoud Al-Maadid, Guglielmo Maria Caporale, Fabio Spagnolo, Nicola Spagnolo
SOEPpapers 754 / 2015
During the European sovereign debt crisis, most countries that ran into fiscal trouble had Catholic majorities, whereas countries with Protestant majorities were able to avoid fiscal problems. Survey data show that, within Germany, views on theeuro differ between Protestants and Non-Protestants, too. Among Protestants, concerns about the euro have, compared to Non-Protestants, increased during the ...
2015| Adrian Chadi, Matthias Krapf
DIW Economic Bulletin 4 / 2015
At the end of 2014, women were no better represented on the top decision-making bodies of enterprises in the financial sector than the previous year. The share of women on the executive boards of the 100 largest banks and savings banks remained at an average of almost seven percent and on the executive boards of the 60 largest insurance companies at 8.5 percent. On supervisory boards, change was slow ...
2015| Elke Holst, Anja Kirsch
Diskussionspapiere 1390 / 2014
This paper studies the association between a country’s level of financial development and firms’ employment growth. We employ an incomplete contract model for evaluating this association. The model proposes that a high level of financial development affects the employment of firms with low managerial capital negatively, while firms with high managerial capital benefit from a more developed financial ...
2014| Dorothea Schäfer, Susan Steiner
About Our Project
The project researches the implementation of Nationally Determined Contributions (NDCs) in Brazil, Germany / EU, India, Indonesia and South Africa, by research-based policy advice and capacity building. The project will especially analyse policy and financial instruments that support the just transition to a climate-friendly pathway and that can contribute to the mobilization...
Current Project| Climate Policy
DIW Economic Bulletin 3 / 2014
Last year, more women were appointed to the executive boards of major financial institutions. The share of women on the executive boards of banks and savings banks at the end of 2013 was a good six percent, which represents an increase of almost two percentage points over the previous year. This increase is primarily attributable to changes at private financial institutions and cooperative banks. At ...
2014| Elke Holst, Anja Kirsch
Refereed essays Web of Science
We analyse the effectiveness of fiscal policy rules for business cycle stabilisation in a monetary union using a quarterly macro-econometric model of Germany. The simulations compare a deficit target and an expenditure target under a range of supply, demand and fiscal shocks. Their effects are evaluated by their impact on prices and output. The analysis demonstrates that in general the deficit target ...
Journal of Policy Modeling
28 (2006), 4, S. 357-369
| Tilman Brück, Rudolf Zwiener
Diskussionspapiere 1295 / 2013
After the global financial crisis, some governments in the EU experienced serious debt financing problems, while others were less affected. This paper seeks to shed light on the divergent fiscal performance by assessing the fiscal conduct in the EU countries before and after the outbreak of the crisis. Fiscal reaction functions of the primary balance are estimated for different groups of EU countries ...
2013| Guido Baldi, Karsten Staehr