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dc.contributor.authorSchmielewski, Franken_US
dc.date.accessioned2012-01-23en_US
dc.date.accessioned2012-04-17T12:53:50Z-
dc.date.available2012-04-17T12:53:50Z-
dc.date.issued2012en_US
dc.identifier.urihttp://hdl.handle.net/10419/57119-
dc.description.abstractThe present study is centered primarily on determining whether the German banking system is to be characterized by procyclical behavior from 2000 to 2011 and to what extent specific sectors of the German banking system showed significant balance sheet operations to increase their leverage within years of booming asset prices. First, the results of this study show that the different sectors of the German banking system operate their business more or less procyclically. Second, the study provides some empirical evidence that banks increasing their leverages during periods of extraordinary high returns provided in the financial markets preferred funding their assets by shortterm lending in the interbank market. Third, the study clarified that banks, preferring high leverages, can apparently be characterized by a high volatility of return on assets and low distances to default over the observation period. Finally, the examined regression models provide some empirical evidence that requirements on countercyclical capital buffers should be considered by regulatory authorities in the context of macroeconomic indicators.en_US
dc.language.isoengen_US
dc.publisherUniv., Inst. für Volkswirtschaftslehre Lüneburgen_US
dc.relation.ispartofseriesUniversity of Lüneburg Working Paper Series in Economics 229en_US
dc.subject.jelG01en_US
dc.subject.jelG12en_US
dc.subject.jelG14en_US
dc.subject.jelG28en_US
dc.subject.jelG15en_US
dc.subject.jelG32en_US
dc.subject.ddc330en_US
dc.subject.keywordliquidity and leverageen_US
dc.subject.keywordfinancial crises, asset pricingen_US
dc.subject.keywordinformation and market efficiencyen_US
dc.subject.keywordgovernment policy and regulation, international financial markets, funding policyen_US
dc.subject.keywordfinancial risk and risk managementen_US
dc.subject.keywordcapital and ownership structureen_US
dc.subject.keywordcountercyclical capital buffersen_US
dc.subject.keyworddistance to defaulten_US
dc.subject.stwBanken_US
dc.subject.stwKapitalstrukturen_US
dc.subject.stwBankenliquiditäten_US
dc.subject.stwKonjunkturen_US
dc.subject.stwFinanzmarktkriseen_US
dc.subject.stwEigenkapitalvorschriftenen_US
dc.subject.stwDeutschlanden_US
dc.titleLeveraging and risk taking within the German banking system: Evidence from the financial crisis in 2007 and 2008en_US
dc.typeWorking Paperen_US
dc.identifier.ppn683954008en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:Working Paper Series in Economics, Leuphana Universität Lüneburg

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