[{"department":[{"_id":"186"},{"_id":"188"}],"user_id":"36049","_id":"36063","language":[{"iso":"eng"}],"keyword":["banking","outstanding CDS net notional","determinants of bank CDS trading"],"type":"working_paper","status":"public","abstract":[{"lang":"eng","text":"This paper empirically investigates determinants of the outstanding net notional amount\r\nof credit default swaps (CDSs) contracts written on banks. We extend and complement the\r\nprevious literature dealing with CDS trading by analyzing a comprehensive set of CDS tradingspecific,\r\nbank-fundamental, macroeconomic and bank-institutional determinants. We find that\r\nrisk hedging clearly dominates an investor’s speculation and arbitrage motive, while the latter,\r\nhowever, exhibits the strongest impact on the outstanding net notional amount of bank CDSs.\r\nFurthermore, being classified as a G-SIB, being a constituent of the main CDS index and the\r\nequity trading volume may significantly explain changes in the outstanding CDS net notional on\r\nbanks. The analysis at hand provides important implications for both academics and practitioners,\r\nsince understanding the trading motives of bank CDS investors provides a deeper insight into the\r\nopaque CDS market. "}],"date_created":"2023-01-11T11:34:17Z","author":[{"first_name":"Benjamin","last_name":"Hippert","full_name":"Hippert, Benjamin"},{"last_name":"Uhde","full_name":"Uhde, André","id":"36049","first_name":"André"},{"last_name":"Wengerek","full_name":"Wengerek, Sascha Tobias","first_name":"Sascha Tobias"}],"date_updated":"2023-11-17T10:23:44Z","title":"Determinants of CDS Trading on Major Banks","publication_status":"unpublished","jel":["G10","G12","G21"],"citation":{"short":"B. Hippert, A. Uhde, S.T. Wengerek, Determinants of CDS Trading on Major Banks, n.d.","bibtex":"@book{Hippert_Uhde_Wengerek, title={Determinants of CDS Trading on Major Banks}, author={Hippert, Benjamin and Uhde, André and Wengerek, Sascha Tobias} }","mla":"Hippert, Benjamin, et al. <i>Determinants of CDS Trading on Major Banks</i>.","apa":"Hippert, B., Uhde, A., &#38; Wengerek, S. T. (n.d.). <i>Determinants of CDS Trading on Major Banks</i>.","ama":"Hippert B, Uhde A, Wengerek ST. <i>Determinants of CDS Trading on Major Banks</i>.","ieee":"B. Hippert, A. Uhde, and S. T. Wengerek, <i>Determinants of CDS Trading on Major Banks</i>. .","chicago":"Hippert, Benjamin, André Uhde, and Sascha Tobias Wengerek. <i>Determinants of CDS Trading on Major Banks</i>, n.d."},"year":"2021"},{"abstract":[{"text":"Employing credit default swap (CDS) data for a sample of 52 major banks across 18 countries from 2008 to 2016, this paper investigates determinants of the outstanding net notional amount of CDS which are written on banks. We extend the current literature dealing with CDS trading by analyzing further CDS trading-specific, fundamental bank-specific as well as macroeconomic and institutional determinants with a focus on bank CDS trading. We find that, next to well-discussed determinants for corporate firms in the literature, especially a bank's tail risk, capital adequacy, loan portfolio and business model affect a bank's outstanding CDS net notional. This finding indicates that investors in the bank CDS market partly have a recourse to a fundamental analysis for their investment decision. Our study fills an important gap since empirical studies have solely focused on sovereign and corporate CDS yet. In addition, the analysis at hand provides important implications for both academics and practitioners since understanding the trading motives of bank CDS investors gives deeper insights into the still opaque CDS market.","lang":"eng"}],"status":"public","type":"working_paper","keyword":["banking","outstanding CDS net notional","determinants of bank CDS trading"],"language":[{"iso":"eng"}],"_id":"29314","department":[{"_id":"186"},{"_id":"19"}],"user_id":"21810","year":"2019","citation":{"chicago":"Hippert, Benjamin, André Uhde, and Sascha Tobias Wengerek. <i>Determinants of CDS Trading on Major Banks</i>, 2019.","ieee":"B. Hippert, A. Uhde, and S. T. Wengerek, <i>Determinants of CDS trading on major banks</i>. 2019.","ama":"Hippert B, Uhde A, Wengerek ST. <i>Determinants of CDS Trading on Major Banks</i>.; 2019.","apa":"Hippert, B., Uhde, A., &#38; Wengerek, S. T. (2019). <i>Determinants of CDS trading on major banks</i>.","mla":"Hippert, Benjamin, et al. <i>Determinants of CDS Trading on Major Banks</i>. 2019.","bibtex":"@book{Hippert_Uhde_Wengerek_2019, title={Determinants of CDS trading on major banks}, author={Hippert, Benjamin and Uhde, André and Wengerek, Sascha Tobias}, year={2019} }","short":"B. Hippert, A. Uhde, S.T. Wengerek, Determinants of CDS Trading on Major Banks, 2019."},"jel":["G10","G12","G21"],"title":"Determinants of CDS trading on major banks","date_updated":"2024-04-17T13:35:25Z","date_created":"2022-01-13T11:12:03Z","author":[{"full_name":"Hippert, Benjamin","last_name":"Hippert","first_name":"Benjamin"},{"first_name":"André","last_name":"Uhde","orcid":"https://orcid.org/0000-0002-8058-8857","id":"36049","full_name":"Uhde, André"},{"full_name":"Wengerek, Sascha Tobias","last_name":"Wengerek","first_name":"Sascha Tobias"}]},{"title":"Determinants of CDS trading on major banks","author":[{"last_name":"Hippert","full_name":"Hippert, Benjamin","id":"48476","first_name":"Benjamin"},{"first_name":"André","last_name":"Uhde","orcid":"https://orcid.org/0000-0002-8058-8857","full_name":"Uhde, André","id":"36049"},{"first_name":"Sascha Tobias","id":"48837","full_name":"Wengerek, Sascha Tobias","orcid":"0000-0002-7820-3903","last_name":"Wengerek"}],"date_created":"2019-09-06T07:46:50Z","date_updated":"2024-04-17T13:35:52Z","citation":{"ama":"Hippert B, Uhde A, Wengerek ST. <i>Determinants of CDS Trading on Major Banks</i>.; 2019.","ieee":"B. Hippert, A. Uhde, and S. T. Wengerek, <i>Determinants of CDS trading on major banks</i>. Working Papers Dissertations from Paderborn University, Faculty of Business Administration and Economics, 2019.","chicago":"Hippert, Benjamin, André Uhde, and Sascha Tobias Wengerek. <i>Determinants of CDS Trading on Major Banks</i>. No 51. Working Papers Dissertations from Paderborn University, Faculty of Business Administration and Economics, 2019.","mla":"Hippert, Benjamin, et al. <i>Determinants of CDS Trading on Major Banks</i>. 2019.","short":"B. Hippert, A. Uhde, S.T. Wengerek, Determinants of CDS Trading on Major Banks, Working Papers Dissertations from Paderborn University, Faculty of Business Administration and Economics, 2019.","bibtex":"@book{Hippert_Uhde_Wengerek_2019, place={Working Papers Dissertations from Paderborn University, Faculty of Business Administration and Economics}, series={No 51}, title={Determinants of CDS trading on major banks}, author={Hippert, Benjamin and Uhde, André and Wengerek, Sascha Tobias}, year={2019}, collection={No 51} }","apa":"Hippert, B., Uhde, A., &#38; Wengerek, S. T. (2019). <i>Determinants of CDS trading on major banks</i>."},"jel":["G10","G12","G21"],"year":"2019","place":"Working Papers Dissertations from Paderborn University, Faculty of Business Administration and Economics","language":[{"iso":"eng"}],"keyword":["banking","outstanding CDS net notional","determinants of bank CDS trading"],"series_title":"No 51","user_id":"36049","department":[{"_id":"186"},{"_id":"188"}],"_id":"13145","status":"public","abstract":[{"lang":"eng","text":"Employing credit default swap (CDS) data for a sample of 52 major banks across 18 countries from 2008 to 2016, this paper investigates determinants of the outstanding net notional amount of CDS which are written on banks. We extend the current literature dealing with CDS trading by analyzing further CDS trading-specific, fundamental bank-specific as well as macroeconomic and institutional determinants with a focus on bank CDS trading. We find that, next to well-discussed determinants for corporate firms in the literature, especially a bank's tail risk, capital adequacy, loan portfolio and business model affect a bank's outstanding CDS net notional. This finding indicates that investors in the bank CDS market partly have a recourse to a fundamental analysis for their investment decision. Our study fills an important gap since empirical studies have solely focused on sovereign and corporate CDS yet. In addition, the analysis at hand provides important implications for both academics and practitioners since understanding the trading motives of bank CDS investors gives deeper insights into the still opaque CDS market. "}],"type":"working_paper"},{"title":"Determinants of CDS trading on major banks","date_updated":"2024-04-17T13:35:47Z","date_created":"2018-10-31T10:05:47Z","author":[{"first_name":"Benjamin","last_name":"Hippert","full_name":"Hippert, Benjamin","id":"48476"},{"id":"36049","full_name":"Uhde, André","orcid":"https://orcid.org/0000-0002-8058-8857","last_name":"Uhde","first_name":"André"}],"year":"2019","jel":["G10","G12","G21"],"citation":{"ieee":"B. Hippert and A. Uhde, <i>Determinants of CDS trading on major banks</i>. .","chicago":"Hippert, Benjamin, and André Uhde. <i>Determinants of CDS Trading on Major Banks</i>, n.d.","ama":"Hippert B, Uhde A. <i>Determinants of CDS Trading on Major Banks</i>.","short":"B. Hippert, A. Uhde, Determinants of CDS Trading on Major Banks, n.d.","mla":"Hippert, Benjamin, and André Uhde. <i>Determinants of CDS Trading on Major Banks</i>.","bibtex":"@book{Hippert_Uhde, title={Determinants of CDS trading on major banks}, author={Hippert, Benjamin and Uhde, André} }","apa":"Hippert, B., &#38; Uhde, A. (n.d.). <i>Determinants of CDS trading on major banks</i>."},"publication_status":"submitted","keyword":["banking","outstanding CDS net notional","determinants of bank CDS trading"],"language":[{"iso":"eng"}],"_id":"5170","department":[{"_id":"186"},{"_id":"188"}],"user_id":"36049","abstract":[{"lang":"eng","text":"Employing credit default swap (CDS) data for a sample of 52 major banks across 18\r\ncountries from 2008 to 2016, this paper investigates determinants of the outstanding\r\nnet notional amount of CDS which are written on banks. We extend the current\r\nliterature dealing with CDS trading by analyzing further CDS trading-specifi\fc,\r\nfundamental bank-speci\ffic as well as macroeconomic and institutional determinants\r\nwith a focus on bank CDS trading. We fi\fnd that, next to well-discussed determinants\r\nfor corporate \ffirms in the literature, especially a bank's tail risk, capital adequacy,\r\nloan portfolio and business model affect a bank's outstanding CDS net notional.\r\nThis \ffinding indicates that investors in the bank CDS market partly have a recourse\r\nto a fundamental analysis for their investment decision. Our study \ffills an important\r\ngap since empirical studies have solely focused on sovereign and corporate CDS yet.\r\nIn addition, the analysis at hand provides important implications for both academics\r\nand practitioners since understanding the trading motives of bank CDS investors\r\ngives deeper insights into the still opaque CDS market."}],"status":"public","type":"working_paper"},{"abstract":[{"text":"Background\r\nUnderstanding changes in dietary intake during puberty could aid the mapping of dietary interventions for primary prevention. The present study describes dietary changes from childhood to adolescence, and their associations with parental education, family income, child education, body mass index (BMI), pubertal onset and screen-time sedentary behaviour.\r\nMethods\r\nDietary data (n = 1232) were obtained from food frequency questionnaires at the 10- and 15-year follow-ups of the GINIplus birth cohort study. Intakes of 17 food groups, macronutrients and antioxidant vitamins, were described by a) paired Wilcoxon rank sum tests, comparing average intakes at each time-point, and b) Cohen’s kappa “tracking” coefficients, measuring stability of intakes (maintenance of relative tertile positions across time). Further, associations of changes (tertile position increase or decrease vs. tracking) with parental education, family income, child education, pubertal onset, BMI, and screen-time, were assessed by logistic regression and multinomial logistic regression models stratified by baseline intake tertile.\r\nResults\r\nBoth sexes increased average intakes of water and decreased starchy vegetables, margarine and dairy. Females decreased meat and retinol intakes and increased vegetables, grains, oils and tea. Males decreased fruit and carbohydrates and increased average intakes of meat, caloric drinks, water, protein, fat, polyunsaturated fatty acids (PUFAs), vitamin C and alpha-tocopherol. Both sexes presented mainly “fair” tracking levels [κw = 0.21–0.40]. Females with high (vs. low) parental education were more likely to increase their nut intake [OR = 3.8; 95 % CI = (1.7;8.8)], and less likely to decrease vitamin C intakes [0.2 (0.1;0.5)], while males were less likely to increase egg consumption [0.2 (0.1;0.5)] and n3 PUFAs [0.2 (0.1;0.5)]. Females with a higher (vs. low) family income were more likely to maintain medium wholegrain intakes [0.2 (0.1;0.7) for decrease vs. tracking, and 0.1 (0.0;0.5) for increase vs. tracking], and were less likely to decrease vitamin C intakes [0.2 (0.1;0.6)]. Males with high education were less likely to increase sugar-sweetened foods [0.1 (0.1;0.4)]. Finally, BMI in females was negatively associated with decreasing protein intakes [0.7 (0.6;0.9)]. In males BMI was positively associated with increasing margarine [1.4 (1.1;1.6)] and vitamin C intakes [1.4 (1.1;1.6)], and negatively associated with increasing n3 PUFA.\r\nConclusions\r\nAverage dietary intakes changed significantly, despite fair tracking levels, suggesting the presence of trends in dietary behaviour during puberty. Family income and parental education predominantly influenced intake changes. Our results support the rationale for dietary interventions targeting children, and suggest that sex-specific subpopulations, e.g. low socio-economic status, should be considered for added impact.","lang":"eng"}],"status":"public","publication":"BMC Public Health","type":"journal_article","keyword":["Puberty","Dietary intake","Dietary changes","Tracking","Determinants","Epidemiology"],"article_type":"original","language":[{"iso":"eng"}],"_id":"28015","department":[{"_id":"35"},{"_id":"22"},{"_id":"571"}],"user_id":"49428","year":"2015","page":"841","intvolume":"        15","citation":{"apa":"Harris, C., Flexeder, C., Thiering, E., Buyken, A., Berdel, D., Koletzko, S., Bauer, C.-P., Brüske, I., Koletzko, B., &#38; Standl, M. (2015). Changes in dietary intake during puberty and their determinants: results from the GINIplus birth cohort study. <i>BMC Public Health</i>, <i>15</i>, 841.","bibtex":"@article{Harris_Flexeder_Thiering_Buyken_Berdel_Koletzko_Bauer_Brüske_Koletzko_Standl_2015, title={Changes in dietary intake during puberty and their determinants: results from the GINIplus birth cohort study}, volume={15}, journal={BMC Public Health}, author={Harris, Carla  and Flexeder, Claudia and Thiering, Elisabeth and Buyken, Anette and Berdel, Dietrich and Koletzko, Sibylle and Bauer, Carl-Peter and Brüske, Irene and Koletzko, Berthold and Standl, Marie}, year={2015}, pages={841} }","mla":"Harris, Carla, et al. “Changes in Dietary Intake during Puberty and Their Determinants: Results from the GINIplus Birth Cohort Study.” <i>BMC Public Health</i>, vol. 15, 2015, p. 841.","short":"C. Harris, C. Flexeder, E. Thiering, A. Buyken, D. Berdel, S. Koletzko, C.-P. Bauer, I. Brüske, B. Koletzko, M. Standl, BMC Public Health 15 (2015) 841.","chicago":"Harris, Carla , Claudia Flexeder, Elisabeth Thiering, Anette Buyken, Dietrich Berdel, Sibylle Koletzko, Carl-Peter Bauer, Irene Brüske, Berthold Koletzko, and Marie Standl. “Changes in Dietary Intake during Puberty and Their Determinants: Results from the GINIplus Birth Cohort Study.” <i>BMC Public Health</i> 15 (2015): 841.","ieee":"C. Harris <i>et al.</i>, “Changes in dietary intake during puberty and their determinants: results from the GINIplus birth cohort study,” <i>BMC Public Health</i>, vol. 15, p. 841, 2015.","ama":"Harris C, Flexeder C, Thiering E, et al. Changes in dietary intake during puberty and their determinants: results from the GINIplus birth cohort study. <i>BMC Public Health</i>. 2015;15:841."},"publication_status":"published","title":"Changes in dietary intake during puberty and their determinants: results from the GINIplus birth cohort study","date_updated":"2022-01-06T06:57:50Z","volume":15,"date_created":"2021-11-27T13:26:27Z","author":[{"first_name":"Carla ","full_name":"Harris, Carla ","last_name":"Harris"},{"last_name":"Flexeder","full_name":"Flexeder, Claudia","first_name":"Claudia"},{"first_name":"Elisabeth","full_name":"Thiering, Elisabeth","last_name":"Thiering"},{"first_name":"Anette","last_name":"Buyken","id":"65985","full_name":"Buyken, Anette"},{"full_name":"Berdel, Dietrich","last_name":"Berdel","first_name":"Dietrich"},{"full_name":"Koletzko, Sibylle","last_name":"Koletzko","first_name":"Sibylle"},{"first_name":"Carl-Peter","full_name":"Bauer, Carl-Peter","last_name":"Bauer"},{"full_name":"Brüske, Irene","last_name":"Brüske","first_name":"Irene"},{"last_name":"Koletzko","full_name":"Koletzko, Berthold","first_name":"Berthold"},{"first_name":"Marie","full_name":"Standl, Marie","last_name":"Standl"}]},{"user_id":"21810","department":[{"_id":"186"},{"_id":"188"}],"_id":"4396","language":[{"iso":"eng"}],"keyword":["Securitization","Determinants","European banking"],"type":"journal_article","publication":"Journal of Banking and Finance","status":"public","abstract":[{"lang":"eng","text":"Analyzing 75 securitizing and non-securitizing stock-listed banks in the EU-13 plus Switzerland over the period from 1997 to 2010, this paper provides empirical evidence that loan securitization in Europe is a composite decision based on bank-specific as well as market- and country-specific determinants. In addition, we find that these determinants remarkably change when separately investigating securitization transactions during the pre-crisis and crisis period. Moreover, results from several subsample regressions reveal that determinants of loan securitizations in Europe depend on the transaction type, the underlying asset portfolio and the regulatory and institutional environment under which banks operate."}],"date_created":"2018-09-14T11:26:52Z","author":[{"last_name":"Farruggio","full_name":"Farruggio, Christian","first_name":"Christian"},{"full_name":"Uhde, André","id":"36049","last_name":"Uhde","orcid":"https://orcid.org/0000-0002-8058-8857","first_name":"André"}],"volume":56,"date_updated":"2023-01-10T09:37:18Z","doi":"10.1016/j.jbankfin.2015.01.015 ","title":"Determinants of loan securitization in European banking","publication_status":"published","citation":{"ama":"Farruggio C, Uhde A. Determinants of loan securitization in European banking. <i>Journal of Banking and Finance</i>. 2015;56:12-27. doi:<a href=\"https://doi.org/10.1016/j.jbankfin.2015.01.015 \">10.1016/j.jbankfin.2015.01.015 </a>","ieee":"C. Farruggio and A. Uhde, “Determinants of loan securitization in European banking,” <i>Journal of Banking and Finance</i>, vol. 56, pp. 12–27, 2015, doi: <a href=\"https://doi.org/10.1016/j.jbankfin.2015.01.015 \">10.1016/j.jbankfin.2015.01.015 </a>.","chicago":"Farruggio, Christian, and André Uhde. “Determinants of Loan Securitization in European Banking.” <i>Journal of Banking and Finance</i> 56 (2015): 12–27. <a href=\"https://doi.org/10.1016/j.jbankfin.2015.01.015 \">https://doi.org/10.1016/j.jbankfin.2015.01.015 </a>.","apa":"Farruggio, C., &#38; Uhde, A. (2015). Determinants of loan securitization in European banking. <i>Journal of Banking and Finance</i>, <i>56</i>, 12–27. <a href=\"https://doi.org/10.1016/j.jbankfin.2015.01.015 \">https://doi.org/10.1016/j.jbankfin.2015.01.015 </a>","mla":"Farruggio, Christian, and André Uhde. “Determinants of Loan Securitization in European Banking.” <i>Journal of Banking and Finance</i>, vol. 56, 2015, pp. 12–27, doi:<a href=\"https://doi.org/10.1016/j.jbankfin.2015.01.015 \">10.1016/j.jbankfin.2015.01.015 </a>.","bibtex":"@article{Farruggio_Uhde_2015, title={Determinants of loan securitization in European banking}, volume={56}, DOI={<a href=\"https://doi.org/10.1016/j.jbankfin.2015.01.015 \">10.1016/j.jbankfin.2015.01.015 </a>}, journal={Journal of Banking and Finance}, author={Farruggio, Christian and Uhde, André}, year={2015}, pages={12–27} }","short":"C. Farruggio, A. Uhde, Journal of Banking and Finance 56 (2015) 12–27."},"jel":["G21","G28"],"intvolume":"        56","page":"12-27","year":"2015"}]