Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/65401
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dc.contributor.authorSchnabel, Isabelen_US
dc.contributor.authorKörner, Tobiasen_US
dc.date.accessioned2012-10-23T07:41:34Z-
dc.date.available2012-10-23T07:41:34Z-
dc.date.issued2012en_US
dc.identifier.urihttp://hdl.handle.net/10419/65401-
dc.description.abstractThis paper shows that the abolition of state guarantees to publicly owned banks in Germany resulted in an increase in refinancing costs at German savings banks. Rather than being the result of increased market discipline, the increase in refinancing costs is shown to be driven by spillover effects from German Landesbanken who themselves had suffered from the abolition of guarantees and who spread their own cost increase through the public banking network. Higher refinancing costs and the resulting drop in bank charter values translated into higher risk-taking at German savings banks.en_US
dc.language.isoengen_US
dc.publisherZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft |xKiel und Hamburgen_US
dc.relation.ispartofseries|aBeiträge zur Jahrestagung des Vereins für Socialpolitik 2012: Neue Wege und Herausforderungen für den Arbeitsmarkt des 21. Jahrhunderts - Session: Banking and Public Policy |xE15-V3en_US
dc.subject.jelG21en_US
dc.subject.jelG28en_US
dc.subject.jelH11en_US
dc.subject.ddc330en_US
dc.titleAbolishing Public Guarantees in the Absence of Market Disciplineen_US
dc.typeConference Paperen_US
dc.identifier.ppn730348857-
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
dc.identifier.repecRePEc:zbw:vfsc12:65401-

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