Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/52133
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dc.contributor.authorMemmel, Christophen_US
dc.contributor.authorSchertler, Andreaen_US
dc.date.accessioned2011-11-15en_US
dc.date.accessioned2011-11-23T15:46:37Z-
dc.date.available2011-11-23T15:46:37Z-
dc.date.issued2011en_US
dc.identifier.isbn978-3-86558-753-4en_US
dc.identifier.urihttp://hdl.handle.net/10419/52133-
dc.description.abstractWe decompose the change in banks' net interest margin into a change in market-wide bank rates and a change in the balance-sheet composition. Our empirical findings from a detailed data set on German banks' balance-sheet positions, broken down into different maturities, creditors and borrowers and degrees of liquidity are as follows: (i) Changes in bank rates have a much greater impact on and explain more of the variation in net interest margins than do changes in balance-sheet compositions. (ii) Changes in bank rates and changes in balance-sheet compositions affect the change in the net interest margin less strongly for derivative users than for non-users. On average, banks employ interest rate derivatives to reduce on-balance risk. (iii) When risk-taking becomes more lucrative, banks tend to increase their on-balance exposure. This effect is more pronounced for derivative users than for non-users.en_US
dc.language.isoengen_US
dc.publisher|aDeutsche Bundesbank |cFrankfurt a. M.en_US
dc.relation.ispartofseries|aDiscussion Paper Series 2: Banking and Financial Studies |x2011,13en_US
dc.subject.jelG21en_US
dc.subject.ddc330en_US
dc.subject.keywordnet interest marginen_US
dc.subject.keywordbankingen_US
dc.subject.keywordbalance-sheet compositionen_US
dc.titleBanks' management of the net interest margin: Evidence from Germanyen_US
dc.typeWorking Paperen_US
dc.identifier.ppn672239868en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
dc.identifier.repecRePEc:zbw:bubdp2:201113-

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