Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/57119 
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dc.contributor.authorSchmielewski, Franken
dc.date.accessioned2012-01-23-
dc.date.accessioned2012-04-17T12:53:50Z-
dc.date.available2012-04-17T12:53:50Z-
dc.date.issued2012-
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
dc.language.isoengen
dc.publisher|aLeuphana Universität Lüneburg, Institut für Volkswirtschaftslehre |cLüneburgen
dc.relation.ispartofseries|aWorking Paper Series in Economics |x229en
dc.subject.jelG01en
dc.subject.jelG12en
dc.subject.jelG14en
dc.subject.jelG28en
dc.subject.jelG15en
dc.subject.jelG32en
dc.subject.ddc330en
dc.subject.keywordliquidity and leverageen
dc.subject.keywordfinancial crises, asset pricingen
dc.subject.keywordinformation and market efficiencyen
dc.subject.keywordgovernment policy and regulation, international financial markets, funding policyen
dc.subject.keywordfinancial risk and risk managementen
dc.subject.keywordcapital and ownership structureen
dc.subject.keywordcountercyclical capital buffersen
dc.subject.keyworddistance to defaulten
dc.subject.stwBanken
dc.subject.stwKapitalstrukturen
dc.subject.stwBankenliquiditäten
dc.subject.stwKonjunkturen
dc.subject.stwFinanzmarktkriseen
dc.subject.stwEigenkapitalvorschriftenen
dc.subject.stwDeutschlanden
dc.titleLeveraging and risk taking within the German banking system: Evidence from the financial crisis in 2007 and 2008-
dc.typeWorking Paperen
dc.identifier.ppn683954008en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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