Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/65401 
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dc.contributor.authorSchnabel, Isabelen
dc.contributor.authorKörner, Tobiasen
dc.date.accessioned2012-10-23T07:41:34Z-
dc.date.available2012-10-23T07:41:34Z-
dc.date.issued2012-
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
dc.language.isoengen
dc.publisherZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft |xKiel und Hamburgen
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
dc.subject.jelG21en
dc.subject.jelG28en
dc.subject.jelH11en
dc.subject.ddc330en
dc.titleAbolishing Public Guarantees in the Absence of Market Discipline-
dc.typeConference Paperen
dc.identifier.ppn730348857en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:vfsc12:65401en

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