Using a unique dataset of more than 1 million loans made by 296 German banks, we evaluate the impact of many aspects of customer–bank relationships on loan default rates. Our research suggests a practical…
Das Projekt hat zum Ziel, die vorhandenen gleichlaufenden und vorlaufenden Konjunkturindikatoren zu systematisieren sowie qualitativ und quantitativ zu beurteilen. Die Analysen sollen herausarbeiten, welche…
We develop a general model of the financial system that allows for the evaluation of bank regulation. Our framework comprises the agents and institutions that have proved crucial in the propagation of the…
The authors analyse 149 newly compiled monthly time series on financial market stress conditions in the euro area. With the aid of a factor model they find different sources of financial stress that are…