--- _id: '3378' abstract: - lang: ger text: "Nach der Finanzkrise sind die Modellwelten der Finanzierungstheorie, vor allem diejenigen, die auf vollkommenen Märkten spielen, nicht mehr zeitgemäß. Heute muss die Lehre zu Theorie und Praxis der Finanzierungspolitik beide Sphären miteinander verbinden - wie es das Konzept dieses neuen Lehrbuchs verfolgt: Aus der strategischen Sicht des Finanzleiters werden die zentralen Themen der unternehmerischen Finanzierungspolitik aufgezeigt:\r\nInvestitionsrechnung, Nutzung von Finanzmärkten, -intermediären und -instrumenten, Finanzielles Risikomanagement, Finanzkommunikation, Gestaltung von Unternehmensstruktur und -kontrolle.\r\n\r\nMit vielen Anwendungsbeispielen und Einblicken in die Praxis." author: - first_name: Stephan full_name: Paul, Stephan last_name: Paul - first_name: Andreas full_name: Horsch, Andreas last_name: Horsch - first_name: Daniel full_name: Kaltofen, Daniel last_name: Kaltofen - first_name: André full_name: Uhde, André id: '36049' last_name: Uhde orcid: https://orcid.org/0000-0002-8058-8857 - first_name: Gregor full_name: Weiß, Gregor last_name: Weiß citation: ama: Paul S, Horsch A, Kaltofen D, Uhde A, Weiß G. Unternehmerische Finanzierungspolitik. Vol 1. 1st ed. Schäffer Poeschel; 2017. apa: Paul, S., Horsch, A., Kaltofen, D., Uhde, A., & Weiß, G. (2017). Unternehmerische Finanzierungspolitik (1st ed., Vol. 1). Schäffer Poeschel. bibtex: '@book{Paul_Horsch_Kaltofen_Uhde_Weiß_2017, edition={1}, series={Eine wertorientierte Einführung}, title={Unternehmerische Finanzierungspolitik}, volume={1}, publisher={Schäffer Poeschel}, author={Paul, Stephan and Horsch, Andreas and Kaltofen, Daniel and Uhde, André and Weiß, Gregor}, year={2017}, collection={Eine wertorientierte Einführung} }' chicago: Paul, Stephan, Andreas Horsch, Daniel Kaltofen, André Uhde, and Gregor Weiß. Unternehmerische Finanzierungspolitik. 1st ed. Vol. 1. Eine wertorientierte Einführung. Schäffer Poeschel, 2017. ieee: S. Paul, A. Horsch, D. Kaltofen, A. Uhde, and G. Weiß, Unternehmerische Finanzierungspolitik, 1st ed., vol. 1. Schäffer Poeschel, 2017. mla: Paul, Stephan, et al. Unternehmerische Finanzierungspolitik. 1st ed., vol. 1, Schäffer Poeschel, 2017. short: S. Paul, A. Horsch, D. Kaltofen, A. Uhde, G. Weiß, Unternehmerische Finanzierungspolitik, 1st ed., Schäffer Poeschel, 2017. date_created: 2018-06-27T12:30:27Z date_updated: 2023-01-10T09:38:15Z department: - _id: '186' - _id: '188' edition: '1' intvolume: ' 1' keyword: - Investitionsrechnung - finanzielles Risikomanagement - Finanzkommunikation language: - iso: ger page: '760' publication_identifier: isbn: - ' 978-3-7910-3086-9' publication_status: published publisher: Schäffer Poeschel series_title: Eine wertorientierte Einführung status: public title: Unternehmerische Finanzierungspolitik type: book user_id: '21810' volume: 1 year: '2017' ... --- _id: '5171' abstract: - lang: eng text: "Employing a unique and hand-collected sample of 648 true sale loan securitization\r\ntransactions issued by 57 stock-listed banks across the EU-12 plus Switzerland\r\nover the period from 1997 to 2010, this paper empirically analyzes the relationship\r\nbetween true sale loan securitization and the issuing banks' non-performing loan\r\nto total assets ratios (NPLRs). We provide evidence for an NPLR-reducing effect\r\nduring the boom phase of securitizations in Europe suggesting that banks in our\r\nsample may (partly) securitize NPLs as the most risky junior tranche and do not\r\n(fully) retain NPLs as a reputation and quality signal towards less informed investors\r\nin imperfect capital markets. In contrast, we fi\fnd the reverse effect during the\r\ncrises period in Europe indicating that issuing banks provided credit enhancement\r\nand demonstrated `skin in the game'. Our baseline result remains robust when\r\ncontrolling for endogeneity concerns and a potential persistence in the time series\r\nof the NPL data. Moreover, results from a variety of sensitivity analysis reveal\r\nthat the NPLR-reducing effect is stronger for opaque securitization transactions,\r\nfor issuing banks exhibiting higher average levels of NPLRs and for banks operating\r\nfrom non-PIIGS countries. In addition, a reduction of NPLRs through securitization\r\nis observed for issued collateralized debt obligations, residential mortgage-backed\r\nsecurities, consumer and other unspeci\fed loans as well as for non-frequently issuing,\r\nsystemically less important and worse-rated banks. Our analysis offers essential\r\ninsights into the loan risk allocation process through securitization and provides\r\nimportant implications for the vital debate on reducing NPL exposures and the\r\nprocess of revitalizing and regulating the European securitization market." author: - first_name: André full_name: Uhde, André id: '36049' last_name: Uhde orcid: https://orcid.org/0000-0002-8058-8857 - first_name: Sascha Tobias full_name: Wengerek, Sascha Tobias id: '48837' last_name: Wengerek orcid: 0000-0002-7820-3903 citation: ama: Uhde A, Wengerek ST. The Relationship between Credit Risk Transfer and Non-Performing Loans. Evidence from European Banks. apa: Uhde, A., & Wengerek, S. T. (n.d.). The relationship between credit risk transfer and non-performing loans. Evidence from European banks. bibtex: '@book{Uhde_Wengerek, title={The relationship between credit risk transfer and non-performing loans. Evidence from European banks}, author={Uhde, André and Wengerek, Sascha Tobias} }' chicago: Uhde, André, and Sascha Tobias Wengerek. The Relationship between Credit Risk Transfer and Non-Performing Loans. Evidence from European Banks, n.d. ieee: A. Uhde and S. T. Wengerek, The relationship between credit risk transfer and non-performing loans. Evidence from European banks. . mla: Uhde, André, and Sascha Tobias Wengerek. The Relationship between Credit Risk Transfer and Non-Performing Loans. Evidence from European Banks. short: A. Uhde, S.T. Wengerek, The Relationship between Credit Risk Transfer and Non-Performing Loans. Evidence from European Banks, n.d. date_created: 2018-10-31T10:07:26Z date_updated: 2024-04-17T13:34:47Z department: - _id: '186' - _id: '188' jel: - G21 - G28 - G32 keyword: - European Banking - Non-performing Loans - Risk Allocation - Securitization language: - iso: eng publication_status: submitted status: public title: The relationship between credit risk transfer and non-performing loans. Evidence from European banks type: working_paper user_id: '36049' year: '2017' ... --- _id: '3376' abstract: - lang: eng text: Employing compensation data provided by 63 banks from 16 European countries for the period from 2000 to 2010 this paper empirically investigates the impact of excess variable compensation on bank risk. As a main finding, we provide evidence for a risk-increasing impact of excess variable pay for both executive variable cash-based and variable equity-based compensation. This baseline finding holds under various robustness checks, in particular when controlling for likely reverse causality between bank risk and variable compensation by employing Granger-causality tests and instrumental variable regressions. In addition, results from a large number of sensitivity analyses including board and banking characteristics as well as the financial crisis period and the quality of a country's regulatory framework provide further important implications for banking regulators and politicians in Europe. author: - first_name: André full_name: Uhde, André id: '36049' last_name: Uhde orcid: https://orcid.org/0000-0002-8058-8857 citation: ama: 'Uhde A. Risk-taking incentives through excess variable compensation: Evidence from European banks. The Quarterly Review of Economics and Finance. 2016;60(5):12-28. doi:https://doi.org/10.1016/j.qref.2015.11.009' apa: 'Uhde, A. (2016). Risk-taking incentives through excess variable compensation: Evidence from European banks. The Quarterly Review of Economics and Finance, 60(5), 12–28. https://doi.org/10.1016/j.qref.2015.11.009' bibtex: '@article{Uhde_2016, title={Risk-taking incentives through excess variable compensation: Evidence from European banks}, volume={60}, DOI={https://doi.org/10.1016/j.qref.2015.11.009}, number={5}, journal={The Quarterly Review of Economics and Finance}, publisher={Elsevier}, author={Uhde, André}, year={2016}, pages={12–28} }' chicago: 'Uhde, André. “Risk-Taking Incentives through Excess Variable Compensation: Evidence from European Banks.” The Quarterly Review of Economics and Finance 60, no. 5 (2016): 12–28. https://doi.org/10.1016/j.qref.2015.11.009.' ieee: 'A. Uhde, “Risk-taking incentives through excess variable compensation: Evidence from European banks,” The Quarterly Review of Economics and Finance, vol. 60, no. 5, pp. 12–28, 2016, doi: https://doi.org/10.1016/j.qref.2015.11.009.' mla: 'Uhde, André. “Risk-Taking Incentives through Excess Variable Compensation: Evidence from European Banks.” The Quarterly Review of Economics and Finance, vol. 60, no. 5, Elsevier, 2016, pp. 12–28, doi:https://doi.org/10.1016/j.qref.2015.11.009.' short: A. Uhde, The Quarterly Review of Economics and Finance 60 (2016) 12–28. date_created: 2018-06-27T12:16:57Z date_updated: 2023-01-10T09:38:37Z department: - _id: '186' - _id: '188' doi: https://doi.org/10.1016/j.qref.2015.11.009 intvolume: ' 60' issue: '5' jel: - G21 - G28 - G32 - J33 keyword: - Banking - Executive compensation - Risk-taking - Financial stability language: - iso: eng page: 12-28 publication: The Quarterly Review of Economics and Finance publication_status: published publisher: Elsevier status: public title: 'Risk-taking incentives through excess variable compensation: Evidence from European banks' type: journal_article user_id: '21810' volume: 60 year: '2016' ... --- _id: '4396' 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. author: - first_name: Christian full_name: Farruggio, Christian last_name: Farruggio - first_name: André full_name: Uhde, André id: '36049' last_name: Uhde orcid: https://orcid.org/0000-0002-8058-8857 citation: ama: Farruggio C, Uhde A. Determinants of loan securitization in European banking. Journal of Banking and Finance. 2015;56:12-27. doi:10.1016/j.jbankfin.2015.01.015 apa: Farruggio, C., & Uhde, A. (2015). Determinants of loan securitization in European banking. Journal of Banking and Finance, 56, 12–27. https://doi.org/10.1016/j.jbankfin.2015.01.015 bibtex: '@article{Farruggio_Uhde_2015, title={Determinants of loan securitization in European banking}, volume={56}, DOI={10.1016/j.jbankfin.2015.01.015 }, journal={Journal of Banking and Finance}, author={Farruggio, Christian and Uhde, André}, year={2015}, pages={12–27} }' chicago: 'Farruggio, Christian, and André Uhde. “Determinants of Loan Securitization in European Banking.” Journal of Banking and Finance 56 (2015): 12–27. https://doi.org/10.1016/j.jbankfin.2015.01.015 .' ieee: 'C. Farruggio and A. Uhde, “Determinants of loan securitization in European banking,” Journal of Banking and Finance, vol. 56, pp. 12–27, 2015, doi: 10.1016/j.jbankfin.2015.01.015 .' mla: Farruggio, Christian, and André Uhde. “Determinants of Loan Securitization in European Banking.” Journal of Banking and Finance, vol. 56, 2015, pp. 12–27, doi:10.1016/j.jbankfin.2015.01.015 . short: C. Farruggio, A. Uhde, Journal of Banking and Finance 56 (2015) 12–27. date_created: 2018-09-14T11:26:52Z date_updated: 2023-01-10T09:37:18Z department: - _id: '186' - _id: '188' doi: '10.1016/j.jbankfin.2015.01.015 ' intvolume: ' 56' jel: - G21 - G28 keyword: - Securitization - Determinants - European banking language: - iso: eng page: 12-27 publication: Journal of Banking and Finance publication_status: published status: public title: Determinants of loan securitization in European banking type: journal_article user_id: '21810' volume: 56 year: '2015' ... --- _id: '4398' abstract: - lang: eng text: Employing a Hausman–Taylor instrument variable (HT–IV) estimator to data from 558 microfinance institutions (MFIs) in 80 developing countries for the period from 2002 to 2007, this paper provides empirical evidence for a positive impact of a country's external governance quality and outcome on local microbanks' economic success in terms of profitability and sustainability. Evidence as well suggests a negative relationship between external governance and the microbanks' social success measured by the depth of outreach. In this context, our analysis reveals that a country's political stability, governance effectiveness, regulatory quality and rule of law are significant key elements of external governance affecting the MFIs' functional performance. Moreover, results from sensitivity analyses indicate that the relationship between external governance quality and microfinance functional performance significantly depends on the microbanks' business concepts, their lending methodologies and sources of funding. alternative_title: - 'The impact of external governance quality on the economic and social success of microfinance institutions ' author: - first_name: André full_name: Uhde, André id: '36049' last_name: Uhde orcid: https://orcid.org/0000-0002-8058-8857 - first_name: Oliver full_name: Müller, Oliver last_name: Müller citation: ama: Uhde A, Müller O. External governance outcome and microfinance success. International Journal of Monetary Economics and Finance . 2013;6(2/3):116-149. doi:https://doi.org/10.1504/IJMEF.2013.056394 apa: Uhde, A., & Müller, O. (2013). External governance outcome and microfinance success. International Journal of Monetary Economics and Finance , 6(2/3), 116–149. https://doi.org/10.1504/IJMEF.2013.056394 bibtex: '@article{Uhde_Müller_2013, title={External governance outcome and microfinance success}, volume={6}, DOI={https://doi.org/10.1504/IJMEF.2013.056394}, number={2/3}, journal={ International Journal of Monetary Economics and Finance }, author={Uhde, André and Müller, Oliver}, year={2013}, pages={116–149} }' chicago: 'Uhde, André, and Oliver Müller. “External Governance Outcome and Microfinance Success.” International Journal of Monetary Economics and Finance 6, no. 2/3 (2013): 116–49. https://doi.org/10.1504/IJMEF.2013.056394.' ieee: 'A. Uhde and O. Müller, “External governance outcome and microfinance success,” International Journal of Monetary Economics and Finance , vol. 6, no. 2/3, pp. 116–149, 2013, doi: https://doi.org/10.1504/IJMEF.2013.056394.' mla: Uhde, André, and Oliver Müller. “External Governance Outcome and Microfinance Success.” International Journal of Monetary Economics and Finance , vol. 6, no. 2/3, 2013, pp. 116–49, doi:https://doi.org/10.1504/IJMEF.2013.056394. short: A. Uhde, O. Müller, International Journal of Monetary Economics and Finance 6 (2013) 116–149. date_created: 2018-09-14T11:53:25Z date_updated: 2023-01-10T09:38:58Z department: - _id: '186' - _id: '188' doi: https://doi.org/10.1504/IJMEF.2013.056394 intvolume: ' 6' issue: 2/3 jel: - G21 - G28 keyword: - microfinance - external governance - economic success - social success - developing countries - profitability - sustainability - microbanks - outreach - political stability - governance effectiveness - regulatory quality - rule of law - governance quality - lending methodologies - funding sources language: - iso: eng page: 116-149 publication: ' International Journal of Monetary Economics and Finance ' publication_identifier: eissn: - 1752-0487 publication_status: published status: public title: External governance outcome and microfinance success type: journal_article user_id: '21810' volume: 6 year: '2013' ... --- _id: '4397' abstract: - lang: eng text: 'Employing four event dates of the U.S. “Troubled Asset Relief Program” (TARP) this paper empirically investigates the impact of the first announcement of TARP (September 19, 2008), the announcement of revised TARP (October 14, 2008), respective capital infusions under TARP-CPP and capital repayments on changes in shareholder value and risk exposure of 125 supported U.S. banks as perceived by the capital market through share price reactions for an entire sample period from September 19, 2008 to June 16, 2010. Our analysis reveals a light and a dark side of TARP. While announcements as well as capital repayments may restore market confidence and financial stability, equity capital injections to banks are observed to be a severe impediment to an increase in bank shareholder value and financial soundness. ' author: - first_name: Christian full_name: Farruggio, Christian last_name: Farruggio - first_name: Tobias C. full_name: Michalak, Tobias C. last_name: Michalak - first_name: André full_name: Uhde, André id: '36049' last_name: Uhde orcid: https://orcid.org/0000-0002-8058-8857 citation: ama: Farruggio C, Michalak TC, Uhde A. The light and dark side of TARP. Journal of Banking and Finance. 2013;32(5):2586-2604. doi:10.1016/j.jbankfin.2013.02.020 apa: Farruggio, C., Michalak, T. C., & Uhde, A. (2013). The light and dark side of TARP. Journal of Banking and Finance, 32(5), 2586–2604. https://doi.org/10.1016/j.jbankfin.2013.02.020 bibtex: '@article{Farruggio_Michalak_Uhde_2013, title={The light and dark side of TARP}, volume={32}, DOI={10.1016/j.jbankfin.2013.02.020}, number={5}, journal={Journal of Banking and Finance}, author={Farruggio, Christian and Michalak, Tobias C. and Uhde, André}, year={2013}, pages={2586–2604} }' chicago: 'Farruggio, Christian, Tobias C. Michalak, and André Uhde. “The Light and Dark Side of TARP.” Journal of Banking and Finance 32, no. 5 (2013): 2586–2604. https://doi.org/10.1016/j.jbankfin.2013.02.020.' ieee: 'C. Farruggio, T. C. Michalak, and A. Uhde, “The light and dark side of TARP,” Journal of Banking and Finance, vol. 32, no. 5, pp. 2586–2604, 2013, doi: 10.1016/j.jbankfin.2013.02.020.' mla: Farruggio, Christian, et al. “The Light and Dark Side of TARP.” Journal of Banking and Finance, vol. 32, no. 5, 2013, pp. 2586–604, doi:10.1016/j.jbankfin.2013.02.020. short: C. Farruggio, T.C. Michalak, A. Uhde, Journal of Banking and Finance 32 (2013) 2586–2604. date_created: 2018-09-14T11:40:31Z date_updated: 2023-01-10T09:37:43Z department: - _id: '186' - _id: '188' doi: 10.1016/j.jbankfin.2013.02.020 intvolume: ' 32' issue: '5' jel: - G14 - G21 - G28 keyword: - Financial crisis - TARP - Market efficiency - Event study language: - iso: eng page: 2586-2604 publication: Journal of Banking and Finance publication_status: published status: public title: The light and dark side of TARP type: journal_article user_id: '21810' volume: 32 year: '2013' ... --- _id: '4399' abstract: - lang: eng text: Using a unique sample of 749 cash and synthetic securitization transactions issued by 60 stock-listed bank holdings in the EU-13 plus Switzerland over the period from 1997 to 2007 this paper provides empirical evidence that credit risk securitization has a negative impact on the issuing banks’ financial soundness. Baseline findings hold even when controlling for likely reverse causality by employing instrumental variable techniques and substituting the accounting-based z-score ratio by market-based indicators of bank risk. Moreover, investigating the relationship between credit risk securitization and single z-score components in order to evaluate significant transmission channels proposed by relevant theoretical literature, we find a negative impact of securitization on bank profitability and capital environment as well as a positive relationship between securitization and the issuing bank's return volatility. Against the background of our empirical results we underline that the decision by the Basel Committee to enhance the new Basel III framework in the field of securitization is a step in the right direction. author: - first_name: Tobias C. full_name: Michalak, Tobias C. last_name: Michalak - first_name: André full_name: Uhde, André id: '36049' last_name: Uhde orcid: https://orcid.org/0000-0002-8058-8857 citation: ama: 'Michalak TC, Uhde A. Credit risk securitization and bank soundness: Evidence from the microlevel for Europe. Quarterly Review of Economics and Finance. 2012;52(3):272-285. doi:https://doi.org/10.1016/j.qref.2012.04.008' apa: 'Michalak, T. C., & Uhde, A. (2012). Credit risk securitization and bank soundness: Evidence from the microlevel for Europe. Quarterly Review of Economics and Finance, 52(3), 272–285. https://doi.org/10.1016/j.qref.2012.04.008' bibtex: '@article{Michalak_Uhde_2012, title={ Credit risk securitization and bank soundness: Evidence from the microlevel for Europe}, volume={52}, DOI={https://doi.org/10.1016/j.qref.2012.04.008}, number={3}, journal={Quarterly Review of Economics and Finance}, author={Michalak, Tobias C. and Uhde, André}, year={2012}, pages={272–285} }' chicago: 'Michalak, Tobias C., and André Uhde. “ Credit Risk Securitization and Bank Soundness: Evidence from the Microlevel for Europe.” Quarterly Review of Economics and Finance 52, no. 3 (2012): 272–85. https://doi.org/10.1016/j.qref.2012.04.008.' ieee: 'T. C. Michalak and A. Uhde, “ Credit risk securitization and bank soundness: Evidence from the microlevel for Europe,” Quarterly Review of Economics and Finance, vol. 52, no. 3, pp. 272–285, 2012, doi: https://doi.org/10.1016/j.qref.2012.04.008.' mla: 'Michalak, Tobias C., and André Uhde. “ Credit Risk Securitization and Bank Soundness: Evidence from the Microlevel for Europe.” Quarterly Review of Economics and Finance, vol. 52, no. 3, 2012, pp. 272–85, doi:https://doi.org/10.1016/j.qref.2012.04.008.' short: T.C. Michalak, A. Uhde, Quarterly Review of Economics and Finance 52 (2012) 272–285. date_created: 2018-09-14T11:59:26Z date_updated: 2023-01-10T09:32:07Z department: - _id: '186' - _id: '188' doi: https://doi.org/10.1016/j.qref.2012.04.008 intvolume: ' 52' issue: '3' jel: - G21 - G28 keyword: - Credit risk securitization Bank soundness European banking language: - iso: eng page: 272-285 publication: Quarterly Review of Economics and Finance publication_status: published status: public title: ' Credit risk securitization and bank soundness: Evidence from the microlevel for Europe' type: journal_article user_id: '21810' volume: 52 year: '2012' ... --- _id: '4401' abstract: - lang: eng text: Employing data on foreign bank claims from 13 OECD countries on 51 emerging markets between 1993 and 2007, this study investigates specific characteristics of OECD banking markets and lending banks as new important determinants of cross-border lending. We initially provide empirical evidence that in addition to well-accepted “gravity measures”, characteristics of OECD banking markets as well as lending banks’ attributes may describe further important determinants of cross-border bank lending with regard to our sample. Building subsamples of more-developed emerging markets vs. frontier markets, addressing (non) common lender relationships and analyzing cross border lending flows during different time periods, our analysis additionally reveals that both the determinants’ explanatory power and their direction of impact notably vary with respective subsamples. author: - first_name: Oliver full_name: Müller, Oliver last_name: Müller - first_name: André full_name: Uhde, André id: '36049' last_name: Uhde orcid: https://orcid.org/0000-0002-8058-8857 citation: ama: 'Müller O, Uhde A. Cross-border bank lending - Empirical evidence on further determinants from OECD banking markets. Journal of International Financial Markets, Institutions & Money. 2012;23:136-162. doi:DOI: 10.1016/j.intfin.2012.09.004 ' apa: 'Müller, O., & Uhde, A. (2012). Cross-border bank lending - Empirical evidence on further determinants from OECD banking markets. Journal of International Financial Markets, Institutions & Money, 23, 136–162. https://doi.org/DOI: 10.1016/j.intfin.2012.09.004 ' bibtex: '@article{Müller_Uhde_2012, title={Cross-border bank lending - Empirical evidence on further determinants from OECD banking markets}, volume={23}, DOI={DOI: 10.1016/j.intfin.2012.09.004 }, journal={Journal of International Financial Markets, Institutions & Money}, author={Müller, Oliver and Uhde, André}, year={2012}, pages={136–162} }' chicago: 'Müller, Oliver, and André Uhde. “Cross-Border Bank Lending - Empirical Evidence on Further Determinants from OECD Banking Markets.” Journal of International Financial Markets, Institutions & Money 23 (2012): 136–62. https://doi.org/DOI: 10.1016/j.intfin.2012.09.004 .' ieee: 'O. Müller and A. Uhde, “Cross-border bank lending - Empirical evidence on further determinants from OECD banking markets,” Journal of International Financial Markets, Institutions & Money, vol. 23, pp. 136–162, 2012, doi: DOI: 10.1016/j.intfin.2012.09.004 .' mla: 'Müller, Oliver, and André Uhde. “Cross-Border Bank Lending - Empirical Evidence on Further Determinants from OECD Banking Markets.” Journal of International Financial Markets, Institutions & Money, vol. 23, 2012, pp. 136–62, doi:DOI: 10.1016/j.intfin.2012.09.004 .' short: O. Müller, A. Uhde, Journal of International Financial Markets, Institutions & Money 23 (2012) 136–162. date_created: 2018-09-14T12:32:57Z date_updated: 2023-01-10T09:34:19Z department: - _id: '186' - _id: '188' doi: 'DOI: 10.1016/j.intfin.2012.09.004 ' extern: '1' intvolume: ' 23' jel: - F - G keyword: - Foreign bank claims - Gravity measures - OECD banking markets’ characteristics - Lending banks’ characteristics language: - iso: eng page: 136-162 publication: Journal of International Financial Markets, Institutions & Money publication_status: published status: public title: Cross-border bank lending - Empirical evidence on further determinants from OECD banking markets type: journal_article user_id: '21810' volume: 23 year: '2012' ... --- _id: '4403' abstract: - lang: eng text: 'Using a unique cross‐sectional dataset of 381 cash and synthetic securitizations issued by 53 banks from the EU‐15 plus Switzerland between 1997 and 2007, this paper provides empirical evidence for time‐dependent negative wealth effects of credit risk securitization announcements in European banking. Baseline results hold when comparing estimated wealth effects with a control group of similar but non‐securitizing banks for the relevant time period. Moreover, building several sub samples we find that the nexus between credit risk securitization, the issuing banks’ overall risk exposure and wealth effects is associated with a variety of transaction‐ and bank‐specific factors. ' author: - first_name: Christian full_name: Farruggio, Christian last_name: Farruggio - first_name: Tobias C. full_name: Michalak, Tobias C. last_name: Michalak - first_name: André full_name: Uhde, André id: '36049' last_name: Uhde orcid: https://orcid.org/0000-0002-8058-8857 citation: ama: Farruggio C, Michalak TC, Uhde A. Wealth effects of credit risk securitization in European Banking. Journal of Business Finance and Accounting. 2012;39(1 & 2):193-228. doi:https://doi.org/10.1111/j.1468-5957.2012.02273.x apa: Farruggio, C., Michalak, T. C., & Uhde, A. (2012). Wealth effects of credit risk securitization in European Banking. Journal of Business Finance and Accounting, 39(1 & 2), 193–228. https://doi.org/10.1111/j.1468-5957.2012.02273.x bibtex: '@article{Farruggio_Michalak_Uhde_2012, title={Wealth effects of credit risk securitization in European Banking}, volume={39}, DOI={https://doi.org/10.1111/j.1468-5957.2012.02273.x}, number={1 & 2}, journal={Journal of Business Finance and Accounting}, author={Farruggio, Christian and Michalak, Tobias C. and Uhde, André}, year={2012}, pages={193–228} }' chicago: 'Farruggio, Christian, Tobias C. Michalak, and André Uhde. “Wealth Effects of Credit Risk Securitization in European Banking.” Journal of Business Finance and Accounting 39, no. 1 & 2 (2012): 193–228. https://doi.org/10.1111/j.1468-5957.2012.02273.x.' ieee: 'C. Farruggio, T. C. Michalak, and A. Uhde, “Wealth effects of credit risk securitization in European Banking,” Journal of Business Finance and Accounting, vol. 39, no. 1 & 2, pp. 193–228, 2012, doi: https://doi.org/10.1111/j.1468-5957.2012.02273.x.' mla: Farruggio, Christian, et al. “Wealth Effects of Credit Risk Securitization in European Banking.” Journal of Business Finance and Accounting, vol. 39, no. 1 & 2, 2012, pp. 193–228, doi:https://doi.org/10.1111/j.1468-5957.2012.02273.x. short: C. Farruggio, T.C. Michalak, A. Uhde, Journal of Business Finance and Accounting 39 (2012) 193–228. date_created: 2018-09-14T12:44:33Z date_updated: 2023-01-10T09:35:34Z department: - _id: '186' - _id: '188' doi: https://doi.org/10.1111/j.1468-5957.2012.02273.x extern: '1' intvolume: ' 39' issue: 1&2 jel: - G - F keyword: - wealth effects - credit risk securitization - Europe - event study language: - iso: eng page: 193-228 publication: Journal of Business Finance and Accounting publication_status: published status: public title: Wealth effects of credit risk securitization in European Banking type: journal_article user_id: '21810' volume: 39 year: '2012' ... --- _id: '4402' abstract: - lang: eng text: 'This contribution presents and discusses main results of a new survey on the assessment of supervisory quality among German banks in 2010. In particular, it is analyzed if and how supervised banks’ perception of the quality of supervisory authorities and their instruments has changed due to the financial crisis starting in mid-2007. Subsequently, results from the recent survey are compared with findings provided by a former study carried out by the authors in 2006 (Paul, Stein and Uhde, 2008). ' author: - first_name: Stephan full_name: Paul, Stephan last_name: Paul - first_name: Stefan full_name: Stein, Stefan last_name: Stein - first_name: André full_name: Uhde, André id: '36049' last_name: Uhde orcid: https://orcid.org/0000-0002-8058-8857 citation: ama: Paul S, Stein S, Uhde A. Measuring the quality of banking supervision revisited - Assessments by German banks before and during the financial crisis. Journal of Governance and Regulation. 2012;1(3):96-109. doi:http://dx.doi.org/10.2139/ssrn.1946120 apa: Paul, S., Stein, S., & Uhde, A. (2012). Measuring the quality of banking supervision revisited - Assessments by German banks before and during the financial crisis. Journal of Governance and Regulation, 1(3), 96–109. http://dx.doi.org/10.2139/ssrn.1946120 bibtex: '@article{Paul_Stein_Uhde_2012, title={Measuring the quality of banking supervision revisited - Assessments by German banks before and during the financial crisis}, volume={1}, DOI={http://dx.doi.org/10.2139/ssrn.1946120 }, number={3}, journal={Journal of Governance and Regulation}, author={Paul, Stephan and Stein, Stefan and Uhde, André}, year={2012}, pages={96–109} }' chicago: 'Paul, Stephan, Stefan Stein, and André Uhde. “Measuring the Quality of Banking Supervision Revisited - Assessments by German Banks before and during the Financial Crisis.” Journal of Governance and Regulation 1, no. 3 (2012): 96–109. http://dx.doi.org/10.2139/ssrn.1946120 .' ieee: 'S. Paul, S. Stein, and A. Uhde, “Measuring the quality of banking supervision revisited - Assessments by German banks before and during the financial crisis,” Journal of Governance and Regulation, vol. 1, no. 3, pp. 96–109, 2012, doi: http://dx.doi.org/10.2139/ssrn.1946120 .' mla: Paul, Stephan, et al. “Measuring the Quality of Banking Supervision Revisited - Assessments by German Banks before and during the Financial Crisis.” Journal of Governance and Regulation, vol. 1, no. 3, 2012, pp. 96–109, doi:http://dx.doi.org/10.2139/ssrn.1946120 . short: S. Paul, S. Stein, A. Uhde, Journal of Governance and Regulation 1 (2012) 96–109. date_created: 2018-09-14T12:37:30Z date_updated: 2023-01-10T09:35:07Z department: - _id: '186' - _id: '188' doi: 'http://dx.doi.org/10.2139/ssrn.1946120 ' extern: '1' intvolume: ' 1' issue: '3' jel: - G21 - G28 keyword: - banking supervision - quality - assessment - banking sector language: - iso: eng page: 96-109 publication: Journal of Governance and Regulation publication_status: published status: public title: Measuring the quality of banking supervision revisited - Assessments by German banks before and during the financial crisis type: journal_article user_id: '21810' volume: 1 year: '2012' ... --- _id: '36015' abstract: - lang: eng text: 'Employing time series of single-name CDS market spreads from 29 European banks located in the EU-12 plus Switzerland and the UK over the period from January 2004 through September 2010 this paper analyses the relationship between increasing sovereign risk and bank-specific CDS pricing. Results from calculating relative CDS spread deviations (model minus market spreads) initially reveal a price bubble in the European CDS market until the beginning of the financial crisis in mid-2007. From this point in time the gap narrows remarkably during the financial crisis and sovereign debt crisis period. Corresponding to these findings, the empirical analysis reveals a negative impact of sovereign risk on calculated CDS spread differentials indicating a spill-over effect between sovereign risk and bank risk and hence, a positive effect on bank-specific CDS pricing. Further analyses reveal that the perception of sovereign risk is not crisis- but country-dependent suggesting that bank-specific CDS market spreads may already include a premium to cover sovereign risk from PIIGS countries during the pre-crisis period in Europe. ' author: - first_name: Christian full_name: Meine, Christian last_name: Meine - first_name: Tobias C. full_name: Michalak, Tobias C. last_name: Michalak - first_name: André full_name: Uhde, André id: '36049' last_name: Uhde citation: ama: Meine C, Michalak TC, Uhde A. Sovereign Risk and Bank-Specific CDS Pricing. Paderborn University; 2012. apa: Meine, C., Michalak, T. C., & Uhde, A. (2012). Sovereign Risk and Bank-Specific CDS Pricing. Paderborn University. bibtex: '@book{Meine_Michalak_Uhde_2012, title={Sovereign Risk and Bank-Specific CDS Pricing}, publisher={Paderborn University}, author={Meine, Christian and Michalak, Tobias C. and Uhde, André}, year={2012} }' chicago: Meine, Christian, Tobias C. Michalak, and André Uhde. Sovereign Risk and Bank-Specific CDS Pricing. Paderborn University, 2012. ieee: C. Meine, T. C. Michalak, and A. Uhde, Sovereign Risk and Bank-Specific CDS Pricing. Paderborn University, 2012. mla: Meine, Christian, et al. Sovereign Risk and Bank-Specific CDS Pricing. Paderborn University, 2012. short: C. Meine, T.C. Michalak, A. Uhde, Sovereign Risk and Bank-Specific CDS Pricing, Paderborn University, 2012. date_created: 2023-01-11T11:00:57Z date_updated: 2023-01-11T11:05:44Z department: - _id: '186' - _id: '188' jel: - G01 - G12 - G14 - G18 - G21 keyword: - Sovereign risk - Structural credit risk models - bank-specific CDS pricing language: - iso: eng publication_status: published publisher: Paderborn University status: public title: Sovereign Risk and Bank-Specific CDS Pricing type: working_paper user_id: '21810' year: '2012' ... --- _id: '34909' abstract: - lang: eng text: "Employing time series of single-name CDS market spreads from 29 European banks located in the\r\nEU-12 plus Switzerland and the UK over the period from January 2004 through September 2010 this paper\r\nanalyses the relationship between increasing sovereign risk and bank-specific CDS pricing. Results from\r\ncalculating relative CDS spread deviations (model minus market spreads) initially reveal a price bubble in the\r\nEuropean CDS market until the beginning of the financial crisis in mid-2007. From this point in time the gap\r\nnarrows remarkably during the financial crisis and sovereign debt crisis period. Corresponding to these findings,\r\nthe empirical analysis reveals a negative impact of sovereign risk on calculated CDS spread differentials\r\nindicating a spill-over effect between sovereign risk and bank risk and hence, a positive effect on bank-specific\r\nCDS pricing. Further analyses reveal that the perception of sovereign risk is not crisis- but country-dependent\r\nsuggesting that bank-specific CDS market spreads may already include a premium to cover sovereign risk from\r\nPIIGS countries during the pre-crisis period in Europe." author: - first_name: André full_name: Uhde, André id: '36049' last_name: Uhde orcid: https://orcid.org/0000-0002-8058-8857 - first_name: Tobias full_name: Michalak, Tobias last_name: Michalak - first_name: Christian full_name: Meine, Christian last_name: Meine citation: ama: Uhde A, Michalak T, Meine C. Sovereign Risk and Bank-Specific CDS Pricing.; 2012. apa: Uhde, A., Michalak, T., & Meine, C. (2012). Sovereign risk and bank-specific CDS pricing. bibtex: '@book{Uhde_Michalak_Meine_2012, title={Sovereign risk and bank-specific CDS pricing}, author={Uhde, André and Michalak, Tobias and Meine, Christian}, year={2012} }' chicago: Uhde, André, Tobias Michalak, and Christian Meine. Sovereign Risk and Bank-Specific CDS Pricing, 2012. ieee: A. Uhde, T. Michalak, and C. Meine, Sovereign risk and bank-specific CDS pricing. 2012. mla: Uhde, André, et al. Sovereign Risk and Bank-Specific CDS Pricing. 2012. short: A. Uhde, T. Michalak, C. Meine, Sovereign Risk and Bank-Specific CDS Pricing, 2012. date_created: 2022-12-23T11:00:29Z date_updated: 2024-04-17T13:35:10Z department: - _id: '19' language: - iso: eng status: public title: Sovereign risk and bank-specific CDS pricing type: working_paper user_id: '21810' year: '2012' ... --- _id: '5173' abstract: - lang: ger text: "Im Zuge der in den USA durch die exzessive Vergabe von Subprime-Krediten und deren Verbriefung ausgelöste Finanzkrise und der daraus folgenden weltweiten Wirtschaftskrise hat sich gezeigt, dass das bisherige System der Regulierung bzw. Überwachung von Finanzinstitutionen nicht ausreichend ist. Sowohl in den USA als auch in der Europäischen Union wird deshalb intensiv über ein neues System zur Regulierung von Finanzinstituten nachgedacht. Es ist zwar offen-sichtlich, dass eine wesentliche Ursache der Finanzkrise in den USA die Ermunterung der Finanzinstitute durch den Staat zur Vergabe von Immobilienkrediten an nicht ausreichend solvente Konsumenten war. Die vorhandenen Regulierungsinstrumente konnten die Krise jedoch nicht verhindern bzw. ausreichen abmildern. Das vorliegende Papier setzt sich zum Ziel, die Vorschläge zur Reform der Bankenregulierung zu evaluieren und insbesondere auf ihre potenziellen Wirkungen im Hinblick auf den Wettbewerb im Bankensektor zu überprüfen.\r\n\r\nIm Zuge der Diskussion über mögliche Lösungen existieren verschiedenste Vorschläge, die von Änderungen in Rechnungslegungsvorschriften über die Neuordnung der nationalen bzw. internationalen Finanzaufsicht bis hin zu einer stärkeren Berücksichtigung systemischer Risiken gehen. Die Auswirkungen der Finanzkrise haben gezeigt, dass die Abkehr von herkömmlichen Rechnungslegungssystemen hin zu Regeln der internationalen Rechnungslegung unter dem Schlagwort „Fair Value Accounting“ durchaus Gefahren in sich bergen kann. Die Debatte dreht sich insbesondere um die Frage, ob die neuen Rechnungslegungsvorschriften maßgeblich dazu beitragen, das regulatorische Eigenkapital einer Bank in Boomphasen zu erhöhen und in konjunkturellen Schwächephasen dagegen zu senken. In der Literatur ist in Hinblick auf diese Frage bislang keine einhellige Auffassung zu identifizieren. Pellens et al. (2009) gelangen zu dem Ergebnis, dass bankenaufsichtsrechtliche Normen an das IFRS-Zahlenwerk gebunden sind und dies für regulatorische Entscheidungen als besonders kritisch zu sehen ist. Durch das Konzept des Fair-Value-Accounting wurde das regulatorische Eigenkapital im Zeitraum von 2003 bis 2007 systematisch erhöht, woraus ein gestiegener Kreditvergabespielraum resultierte. Demgegenüber kommen Laux und Leuz (2009) im Rahmen einer empirischen Studie anhand von Mikrodaten aus den USA zu dem Ergebnis, dass Fair-Value-Accounting nur zum geringen Teil zu den Problemen der US Banken beigetragen hat und es im Rahmen ihrer Studie keine Evidenz für wesentliche Effekte dieses Rechnungslegungsverfahrens auf die massiven Abschreibungen der US Banken gibt.\r\n\r\nBeide Studien betonen aber auch, dass weitere empirische Forschung notwendig ist, bevor diese Frage abschließend geklärt werden kann. Die Frage des adäquaten Rechnungslegungssystems zeigt, wie vielfältig die Ursachen der gegenwärtigen Finanzkrise sind und wie schwer tatsächliche kausale Effekte zu identifizieren sind. Im folgenden Abschnitt werden zunächst die ordnungspolitischen Rahmenbedingungen einer angemessenen Bankenregulierung dargestellt. Der dritte Abschnitt umfasst einen kurzen Überblick über den Verlauf der Finanzkrise. In Abschnitt 4 diskutieren wir die wesentlichen Vorschläge zur Optimierung der Regulierung von Finanzinstituten. Abschnitt 5 evaluiert diese Vorschläge auch aus einer wettbewerbsökonomischen Perspektive. Diese Perspektive ist aus unserer Sicht vor allen Dingen notwendig, weil eine großer Teil der Reformdebatte aus Sicht der Finanzmarktstabilität geführt wird und infolgedessen Wettbewerbseffekte vernachlässigt werden. Das Fazit in Abschnitt 6 fasst unsere Ergebnisse zusammen und gibt einen Ausblick auf weiteren Forschungsbedarf aus Sicht der Wettbewerbsökonomie." author: - first_name: Justus full_name: Haucap, Justus last_name: Haucap - first_name: Ulrich full_name: Heimeshoff, Ulrich last_name: Heimeshoff - first_name: André full_name: Uhde, André id: '36049' last_name: Uhde orcid: https://orcid.org/0000-0002-8058-8857 citation: ama: 'Haucap J, Heimeshoff U, Uhde A. Zur Neuregulierung des Bankensektors nach der Finanzkrise: Bewertung der Reformvorhaben der EU aus ordnungspolitischer Sicht. In: Michler AF, Smeets HD, eds. Die aktuelle Finanzkrise: Bestandsaufnahme und Lehren für die Zukunft, Schriften zur Ordnungsfragen der Wirtschaft. Vol 93. Stuttgart: De Gruyter Oldenbourg; 2011:185-208.' apa: 'Haucap, J., Heimeshoff, U., & Uhde, A. (2011). Zur Neuregulierung des Bankensektors nach der Finanzkrise: Bewertung der Reformvorhaben der EU aus ordnungspolitischer Sicht. In A. F. Michler & H. D. Smeets (Eds.), Die aktuelle Finanzkrise: Bestandsaufnahme und Lehren für die Zukunft, Schriften zur Ordnungsfragen der Wirtschaft (Vol. 93, pp. 185–208). Stuttgart: De Gruyter Oldenbourg.' bibtex: '@inbook{Haucap_Heimeshoff_Uhde_2011, place={Stuttgart}, title={Zur Neuregulierung des Bankensektors nach der Finanzkrise: Bewertung der Reformvorhaben der EU aus ordnungspolitischer Sicht}, volume={93}, booktitle={Die aktuelle Finanzkrise: Bestandsaufnahme und Lehren für die Zukunft, Schriften zur Ordnungsfragen der Wirtschaft}, publisher={De Gruyter Oldenbourg}, author={Haucap, Justus and Heimeshoff, Ulrich and Uhde, André}, editor={Michler, Albrecht F. and Smeets, Heinz D.Editors}, year={2011}, pages={185–208} }' chicago: 'Haucap, Justus, Ulrich Heimeshoff, and André Uhde. “Zur Neuregulierung des Bankensektors nach der Finanzkrise: Bewertung der Reformvorhaben der EU aus ordnungspolitischer Sicht.” In Die aktuelle Finanzkrise: Bestandsaufnahme und Lehren für die Zukunft, Schriften zur Ordnungsfragen der Wirtschaft, edited by Albrecht F. Michler and Heinz D. Smeets, 93:185–208. Stuttgart: De Gruyter Oldenbourg, 2011.' ieee: 'J. Haucap, U. Heimeshoff, and A. Uhde, “Zur Neuregulierung des Bankensektors nach der Finanzkrise: Bewertung der Reformvorhaben der EU aus ordnungspolitischer Sicht,” in Die aktuelle Finanzkrise: Bestandsaufnahme und Lehren für die Zukunft, Schriften zur Ordnungsfragen der Wirtschaft, vol. 93, A. F. Michler and H. D. Smeets, Eds. Stuttgart: De Gruyter Oldenbourg, 2011, pp. 185–208.' mla: 'Haucap, Justus, et al. “Zur Neuregulierung des Bankensektors nach der Finanzkrise: Bewertung der Reformvorhaben der EU aus ordnungspolitischer Sicht.” Die aktuelle Finanzkrise: Bestandsaufnahme und Lehren für die Zukunft, Schriften zur Ordnungsfragen der Wirtschaft, edited by Albrecht F. Michler and Heinz D. Smeets, vol. 93, De Gruyter Oldenbourg, 2011, pp. 185–208.' short: 'J. Haucap, U. Heimeshoff, A. Uhde, in: A.F. Michler, H.D. Smeets (Eds.), Die aktuelle Finanzkrise: Bestandsaufnahme und Lehren für die Zukunft, Schriften zur Ordnungsfragen der Wirtschaft, De Gruyter Oldenbourg, Stuttgart, 2011, pp. 185–208.' date_created: 2018-10-31T10:24:53Z date_updated: 2022-01-06T07:01:41Z department: - _id: '186' - _id: '188' editor: - first_name: Albrecht F. full_name: Michler, Albrecht F. last_name: Michler - first_name: Heinz D. full_name: Smeets, Heinz D. last_name: Smeets extern: '1' intvolume: ' 93' language: - iso: ger page: 185-208 place: Stuttgart publication: 'Die aktuelle Finanzkrise: Bestandsaufnahme und Lehren für die Zukunft, Schriften zur Ordnungsfragen der Wirtschaft' publication_identifier: isbn: - 978-3828205383 publication_status: published publisher: De Gruyter Oldenbourg status: public title: 'Zur Neuregulierung des Bankensektors nach der Finanzkrise: Bewertung der Reformvorhaben der EU aus ordnungspolitischer Sicht' type: book_chapter user_id: '36049' volume: 93 year: '2011' ... --- _id: '36021' abstract: - lang: eng text: 'Using a sample of stock-listed bank holding companies located in Western Europe over the period from 1997 to 2008 this paper provides empirical evidence that an increase in short-term interest rates as well as an extended period of expansionary monetary policy has a negative impact on European stock-listed banks’ soundness as measured by the Expected Default Frequency. Against this background and in order to evaluate interactions between the risk-taking channel of monetary policy and the competitiveness of a country’s banking market we find a negative impact of an increase in competition in the loan market – proxied by the Boone-indicator – on financial soundness. Referring to the structural-conduct performance (SCP) paradigm, this paper provides further evidence that an increase in concentration in the banking market spurs financial soundness. ' author: - first_name: Tobias C. full_name: Michalak, Tobias C. last_name: Michalak - first_name: André full_name: Uhde, André id: '36049' last_name: Uhde citation: ama: Michalak TC, Uhde A. The Nexus between Monetary Policy, Banking Market Structure and Bank Risk Taking. Paderborn University; 2011. apa: Michalak, T. C., & Uhde, A. (2011). The Nexus between Monetary Policy, Banking Market Structure and Bank Risk Taking. Paderborn University. bibtex: '@book{Michalak_Uhde_2011, title={The Nexus between Monetary Policy, Banking Market Structure and Bank Risk Taking}, publisher={Paderborn University}, author={Michalak, Tobias C. and Uhde, André}, year={2011} }' chicago: Michalak, Tobias C., and André Uhde. The Nexus between Monetary Policy, Banking Market Structure and Bank Risk Taking. Paderborn University, 2011. ieee: T. C. Michalak and A. Uhde, The Nexus between Monetary Policy, Banking Market Structure and Bank Risk Taking. Paderborn University, 2011. mla: Michalak, Tobias C., and André Uhde. The Nexus between Monetary Policy, Banking Market Structure and Bank Risk Taking. Paderborn University, 2011. short: T.C. Michalak, A. Uhde, The Nexus between Monetary Policy, Banking Market Structure and Bank Risk Taking, Paderborn University, 2011. date_created: 2023-01-11T11:04:30Z date_updated: 2024-04-17T13:35:15Z department: - _id: '186' - _id: '188' jel: - E43 - E44 - E52 - G01 - G28 keyword: - risk-taking channel - competition - concentration - bank soundness - European banking language: - iso: eng publication_status: published publisher: Paderborn University status: public title: The Nexus between Monetary Policy, Banking Market Structure and Bank Risk Taking type: working_paper user_id: '21810' year: '2011' ... --- _id: '34914' author: - first_name: André full_name: Uhde, André id: '36049' last_name: Uhde orcid: https://orcid.org/0000-0002-8058-8857 - first_name: Justus full_name: Haucap, Justus last_name: Haucap - first_name: Ulrich full_name: Heimeshoff, Ulrich last_name: Heimeshoff citation: ama: Uhde A, Haucap J, Heimeshoff U. Ökonomische Möglichkeiten Und Auswirkungen von Wettbewerb Bei Zentralverwahrern Für Bundeswertpapiere. Gutachten Im Auftrag Des Bundesministeriums Für Finanzen (BMF). Gutachten Fg 1/10 .; 2011. apa: Uhde, A., Haucap, J., & Heimeshoff, U. (2011). Ökonomische Möglichkeiten und Auswirkungen von Wettbewerb bei Zentralverwahrern für Bundeswertpapiere. Gutachten im Auftrag des Bundesministeriums für Finanzen (BMF). Gutachten fg 1/10 . bibtex: '@book{Uhde_Haucap_Heimeshoff_2011, title={Ökonomische Möglichkeiten und Auswirkungen von Wettbewerb bei Zentralverwahrern für Bundeswertpapiere. Gutachten im Auftrag des Bundesministeriums für Finanzen (BMF). Gutachten fg 1/10 }, author={Uhde, André and Haucap, Justus and Heimeshoff, Ulrich}, year={2011} }' chicago: Uhde, André, Justus Haucap, and Ulrich Heimeshoff. Ökonomische Möglichkeiten Und Auswirkungen von Wettbewerb Bei Zentralverwahrern Für Bundeswertpapiere. Gutachten Im Auftrag Des Bundesministeriums Für Finanzen (BMF). Gutachten Fg 1/10 , 2011. ieee: A. Uhde, J. Haucap, and U. Heimeshoff, Ökonomische Möglichkeiten und Auswirkungen von Wettbewerb bei Zentralverwahrern für Bundeswertpapiere. Gutachten im Auftrag des Bundesministeriums für Finanzen (BMF). Gutachten fg 1/10 . 2011. mla: Uhde, André, et al. Ökonomische Möglichkeiten Und Auswirkungen von Wettbewerb Bei Zentralverwahrern Für Bundeswertpapiere. Gutachten Im Auftrag Des Bundesministeriums Für Finanzen (BMF). Gutachten Fg 1/10 . 2011. short: A. Uhde, J. Haucap, U. Heimeshoff, Ökonomische Möglichkeiten Und Auswirkungen von Wettbewerb Bei Zentralverwahrern Für Bundeswertpapiere. Gutachten Im Auftrag Des Bundesministeriums Für Finanzen (BMF). Gutachten Fg 1/10 , 2011. date_created: 2022-12-23T11:04:40Z date_updated: 2023-01-18T09:37:33Z department: - _id: '19' - _id: '186' - _id: '188' language: - iso: eng status: public title: 'Ökonomische Möglichkeiten und Auswirkungen von Wettbewerb bei Zentralverwahrern für Bundeswertpapiere. Gutachten im Auftrag des Bundesministeriums für Finanzen (BMF). Gutachten fg 1/10 ' type: report user_id: '21810' year: '2011' ... --- _id: '34910' abstract: - lang: eng text: "Using a sample of stock-listed bank holding companies located in Western Europe over the period from 1997 to 2008\r\nthis paper provides empirical evidence that an increase in short-term interest rates as well as an extended period of\r\nexpansionary monetary policy has a negative impact on European stock-listed banks’ soundness as measured by the\r\nExpected Default Frequency. Against this background and in order to evaluate interactions between the risk-taking\r\nchannel of monetary policy and the competitiveness of a country’s banking market we find a negative impact of an\r\nincrease in competition in the loan market – proxied by the Boone-indicator – on financial soundness. Referring to the\r\nstructural-conduct performance (SCP) paradigm, this paper provides further evidence that an increase in concentration\r\nin the banking market spurs financial soundness." author: - first_name: André full_name: Uhde, André id: '36049' last_name: Uhde orcid: https://orcid.org/0000-0002-8058-8857 - first_name: Tobias full_name: Michalak, Tobias last_name: Michalak citation: ama: Uhde A, Michalak T. The Nexus between Monetary Policy, Banking Market Structures and Bank Risk-Taking.; 2011. apa: Uhde, A., & Michalak, T. (2011). The nexus between monetary policy, banking market structures and bank risk-taking. bibtex: '@book{Uhde_Michalak_2011, title={The nexus between monetary policy, banking market structures and bank risk-taking}, author={Uhde, André and Michalak, Tobias}, year={2011} }' chicago: Uhde, André, and Tobias Michalak. The Nexus between Monetary Policy, Banking Market Structures and Bank Risk-Taking, 2011. ieee: A. Uhde and T. Michalak, The nexus between monetary policy, banking market structures and bank risk-taking. 2011. mla: Uhde, André, and Tobias Michalak. The Nexus between Monetary Policy, Banking Market Structures and Bank Risk-Taking. 2011. short: A. Uhde, T. Michalak, The Nexus between Monetary Policy, Banking Market Structures and Bank Risk-Taking, 2011. date_created: 2022-12-23T11:02:00Z date_updated: 2023-01-18T09:40:38Z department: - _id: '19' - _id: '186' - _id: '188' language: - iso: eng status: public title: The nexus between monetary policy, banking market structures and bank risk-taking type: working_paper user_id: '21810' year: '2011' ... --- _id: '4405' abstract: - lang: ger text: Die schwerste Finanz- und Wirtschaftskrise nach dem Zweiten Weltkrieg befindet sich nun schon in ihrem dritten Jahr und wird in weiten Teilen der Öffentlichkeit als Paradebeispiel für ein gravierendes Marktversagen eingestuft. Dies hat über die unmittelbaren staatlichen Rettungsmaßnahmen hinaus den Ruf nach "Mehr Staat in der Kreditwirtschaft!" verstärkt und vielfältige Vorschläge zur Ausweitung und Verschärfung der Beaufsichtigung der Banken hervorgerufen (zuletzt im September 2009 beim Finanzgipfel in Pittsburgh). Noch lässt sich nicht präzise genug abschätzen, welche staatlichen Hilfen für die Kreditwirtschaft erforderlich sein werden und welche Veränderungen in der Bankenregulierung noch vorgenommen werden müssen. Dennoch wird in diesem Beitrag der Versuch einer Skizze möglicher Auswirkungen auf die Wettbewerbssituation des europäischen und deutschen Bankenmarktes speziell im Retail-Segment unternommen. Um die durch die Finanzkrise hervorgerufenen Veränderungen einschätzen zu können, ist jedoch zunächst ein kurzer Blick auf die wichtigsten Etappen und Ergebnisse der europäischen Finanzmarktintegration erforderlich. author: - first_name: Stephan full_name: Paul, Stephan last_name: Paul - first_name: André full_name: Uhde, André id: '36049' last_name: Uhde orcid: https://orcid.org/0000-0002-8058-8857 citation: ama: Paul S, Uhde A. Einheitlicher europäischer Bankenmarkt? Eine Einschätzung der Wettbewerbssituation vor und nach der Finanzkrise. Wirtschaftsdienst. 2010;Heft 13:26-34. doi:https://doi.org/10.1007/s10273-010-1031-7 apa: Paul, S., & Uhde, A. (2010). Einheitlicher europäischer Bankenmarkt? Eine Einschätzung der Wettbewerbssituation vor und nach der Finanzkrise. Wirtschaftsdienst, Heft 13, 26–34. https://doi.org/10.1007/s10273-010-1031-7 bibtex: '@article{Paul_Uhde_2010, title={Einheitlicher europäischer Bankenmarkt? Eine Einschätzung der Wettbewerbssituation vor und nach der Finanzkrise}, volume={Heft 13}, DOI={https://doi.org/10.1007/s10273-010-1031-7}, journal={Wirtschaftsdienst}, publisher={Springer Verlag}, author={Paul, Stephan and Uhde, André}, year={2010}, pages={26–34} }' chicago: 'Paul, Stephan, and André Uhde. “Einheitlicher europäischer Bankenmarkt? Eine Einschätzung der Wettbewerbssituation vor und nach der Finanzkrise.” Wirtschaftsdienst Heft 13 (2010): 26–34. https://doi.org/10.1007/s10273-010-1031-7.' ieee: 'S. Paul and A. Uhde, “Einheitlicher europäischer Bankenmarkt? Eine Einschätzung der Wettbewerbssituation vor und nach der Finanzkrise,” Wirtschaftsdienst, vol. Heft 13, pp. 26–34, 2010, doi: https://doi.org/10.1007/s10273-010-1031-7.' mla: Paul, Stephan, and André Uhde. “Einheitlicher europäischer Bankenmarkt? Eine Einschätzung der Wettbewerbssituation vor und nach der Finanzkrise.” Wirtschaftsdienst, vol. Heft 13, Springer Verlag, 2010, pp. 26–34, doi:https://doi.org/10.1007/s10273-010-1031-7. short: S. Paul, A. Uhde, Wirtschaftsdienst Heft 13 (2010) 26–34. date_created: 2018-09-14T12:57:42Z date_updated: 2023-01-10T09:32:58Z department: - _id: '186' - _id: '188' doi: https://doi.org/10.1007/s10273-010-1031-7 extern: '1' jel: - G keyword: - Finanz- und Wirtschaftskrise - Bankenmarkt language: - iso: ger page: 26-34 publication: Wirtschaftsdienst publication_identifier: issn: - 0043-6275 publication_status: published publisher: Springer Verlag status: public title: Einheitlicher europäischer Bankenmarkt? Eine Einschätzung der Wettbewerbssituation vor und nach der Finanzkrise type: journal_article user_id: '21810' volume: Heft 13 year: '2010' ... --- _id: '4404' abstract: - lang: eng text: Using a unique dataset of 592 cash and synthetic securitizations issued by 54 banks from the EU-15 plus Switzerland over the period from 1997 to 2007 this paper provides empirical evidence that credit risk securitization has a positive impact on the increase of European banks’ systematic risk. Baseline results hold when comparing estimated beta coefficients with a control group of similar non-securitizing banks. Building several sub-samples we additionally find that (a) the increase in systematic risk is more relevant for larger banks that repeatedly engage in securitization, (b) securitization is more important for small and medium financial institutions, (c) banks have a higher incentive to retain the larger part of credit risk as a quality signal at the beginning of the securitization business in Europe, and (d) the overall risk-shifting effect due to securitization is more distinct when the pre-event systematic risk is low. author: - first_name: André full_name: Uhde, André id: '36049' last_name: Uhde orcid: https://orcid.org/0000-0002-8058-8857 - first_name: Tobias C. full_name: Michalak, Tobias C. last_name: Michalak citation: ama: 'Uhde A, Michalak TC. Securitization and systematic risk in European banking: Empirical evidence. Journal of Banking & Finance. 2010;34(12):3061-3077. doi:https://doi.org/10.1016/j.jbankfin.2010.07.012' apa: 'Uhde, A., & Michalak, T. C. (2010). Securitization and systematic risk in European banking: Empirical evidence. Journal of Banking & Finance, 34(12), 3061–3077. https://doi.org/10.1016/j.jbankfin.2010.07.012' bibtex: '@article{Uhde_Michalak_2010, title={Securitization and systematic risk in European banking: Empirical evidence}, volume={34}, DOI={https://doi.org/10.1016/j.jbankfin.2010.07.012}, number={12}, journal={Journal of Banking & Finance}, author={Uhde, André and Michalak, Tobias C.}, year={2010}, pages={3061–3077} }' chicago: 'Uhde, André, and Tobias C. Michalak. “Securitization and Systematic Risk in European Banking: Empirical Evidence.” Journal of Banking & Finance 34, no. 12 (2010): 3061–77. https://doi.org/10.1016/j.jbankfin.2010.07.012.' ieee: 'A. Uhde and T. C. Michalak, “Securitization and systematic risk in European banking: Empirical evidence,” Journal of Banking & Finance, vol. 34, no. 12, pp. 3061–3077, 2010, doi: https://doi.org/10.1016/j.jbankfin.2010.07.012.' mla: 'Uhde, André, and Tobias C. Michalak. “Securitization and Systematic Risk in European Banking: Empirical Evidence.” Journal of Banking & Finance, vol. 34, no. 12, 2010, pp. 3061–77, doi:https://doi.org/10.1016/j.jbankfin.2010.07.012.' short: A. Uhde, T.C. Michalak, Journal of Banking & Finance 34 (2010) 3061–3077. date_created: 2018-09-14T12:48:35Z date_updated: 2023-01-10T09:35:58Z department: - _id: '186' - _id: '188' doi: https://doi.org/10.1016/j.jbankfin.2010.07.012 extern: '1' intvolume: ' 34' issue: '12' jel: - G14 - G21 - G28 - G32 keyword: - Credit risk transfer - Securitization - Systematic risk - Event study language: - iso: eng page: 3061-3077 publication: Journal of Banking & Finance status: public title: 'Securitization and systematic risk in European banking: Empirical evidence' type: journal_article user_id: '21810' volume: 34 year: '2010' ... --- _id: '4406' abstract: - lang: eng text: Using aggregate balance sheet data from banks across the EU-25 over the period from 1997 to 2005 we provide empirical evidence that national banking market concentration has a negative impact on European banks’ financial soundness as measured by the Z-score technique while controlling for macroeconomic, bank-specific, regulatory, and institutional factors. Furthermore, our analysis reveals that Eastern European banking markets exhibiting a lower level of competitive pressure, fewer diversification opportunities and a higher fraction of government-owned banks are more prone to financial fragility whereas capital regulations have supported financial stability across the entire European Union. author: - first_name: André full_name: Uhde, André id: '36049' last_name: Uhde orcid: https://orcid.org/0000-0002-8058-8857 - first_name: Ulrich full_name: Heimeshoff, Ulrich last_name: Heimeshoff citation: ama: 'Uhde A, Heimeshoff U. Consolidation in banking and financial stability in Europe: Empirical evidence. Journal of Banking & Finance. 2009;33(7):1299-1311. doi:https://doi.org/10.1016/j.jbankfin.2009.01.006' apa: 'Uhde, A., & Heimeshoff, U. (2009). Consolidation in banking and financial stability in Europe: Empirical evidence. Journal of Banking & Finance, 33(7), 1299–1311. https://doi.org/10.1016/j.jbankfin.2009.01.006' bibtex: '@article{Uhde_Heimeshoff_2009, title={Consolidation in banking and financial stability in Europe: Empirical evidence}, volume={33}, DOI={https://doi.org/10.1016/j.jbankfin.2009.01.006}, number={7}, journal={Journal of Banking & Finance}, author={Uhde, André and Heimeshoff, Ulrich}, year={2009}, pages={1299–1311} }' chicago: 'Uhde, André, and Ulrich Heimeshoff. “Consolidation in Banking and Financial Stability in Europe: Empirical Evidence.” Journal of Banking & Finance 33, no. 7 (2009): 1299–1311. https://doi.org/10.1016/j.jbankfin.2009.01.006.' ieee: 'A. Uhde and U. Heimeshoff, “Consolidation in banking and financial stability in Europe: Empirical evidence,” Journal of Banking & Finance, vol. 33, no. 7, pp. 1299–1311, 2009, doi: https://doi.org/10.1016/j.jbankfin.2009.01.006.' mla: 'Uhde, André, and Ulrich Heimeshoff. “Consolidation in Banking and Financial Stability in Europe: Empirical Evidence.” Journal of Banking & Finance, vol. 33, no. 7, 2009, pp. 1299–311, doi:https://doi.org/10.1016/j.jbankfin.2009.01.006.' short: A. Uhde, U. Heimeshoff, Journal of Banking & Finance 33 (2009) 1299–1311. date_created: 2018-09-14T13:02:19Z date_updated: 2023-01-10T09:36:22Z department: - _id: '186' - _id: '188' doi: https://doi.org/10.1016/j.jbankfin.2009.01.006 extern: '1' intvolume: ' 33' issue: '7' jel: - G21 - G28 - G34 - L16 keyword: - Market structure - Financial stability - Banking regulation language: - iso: eng page: 1299-1311 publication: Journal of Banking & Finance publication_status: published status: public title: 'Consolidation in banking and financial stability in Europe: Empirical evidence' type: journal_article user_id: '21810' volume: 33 year: '2009' ... --- _id: '5177' abstract: - lang: ger text: 'Die Trennung von Netz und Betrieb steht nicht nur im Zentrum der politischen Debatte der Energiewirtschaft. Auch im Bahnsektor ist die Privatisierung mit oder ohne Netz ein heiß diskutiertes Thema. Und selbst in der Telekommunikation strebt die EU-Kommission eine weitgehende Entflechtung an. Der vorliegende Beitrag entwickelt anhand von ökonomischen Kriterien ein ideologiefreies Prüfschema, wann eine Entflechtung von Netz und Betrieb gesamtwirtschaftlich vorteilhaft ist und wann nicht. ' author: - first_name: Justus full_name: Haucap, Justus last_name: Haucap - first_name: Ulrich full_name: Heimeshoff, Ulrich last_name: Heimeshoff - first_name: André full_name: Uhde, André id: '36049' last_name: Uhde orcid: https://orcid.org/0000-0002-8058-8857 citation: ama: 'Haucap J, Heimeshoff U, Uhde A. Trennung von Netz und Betrieb als Königsweg? Pfadabhängigkeiten der Regulierung. In: Wettbewerb und Investitionen in der Netzindustrie, ed. BDI-Bundesnetzagentur-Regulierungskonferenz 2008. Berlin; 2008:15-21.' apa: Haucap, J., Heimeshoff, U., & Uhde, A. (2008). Trennung von Netz und Betrieb als Königsweg? Pfadabhängigkeiten der Regulierung. In Wettbewerb und Investitionen in der Netzindustrie (Ed.), BDI-Bundesnetzagentur-Regulierungskonferenz 2008 (pp. 15–21). Berlin. bibtex: '@inbook{Haucap_Heimeshoff_Uhde_2008, place={Berlin}, title={Trennung von Netz und Betrieb als Königsweg? Pfadabhängigkeiten der Regulierung}, booktitle={BDI-Bundesnetzagentur-Regulierungskonferenz 2008}, author={Haucap, Justus and Heimeshoff, Ulrich and Uhde, André}, editor={Wettbewerb und Investitionen in der NetzindustrieEditor}, year={2008}, pages={15–21} }' chicago: Haucap, Justus, Ulrich Heimeshoff, and André Uhde. “Trennung von Netz und Betrieb als Königsweg? Pfadabhängigkeiten der Regulierung.” In BDI-Bundesnetzagentur-Regulierungskonferenz 2008, edited by Wettbewerb und Investitionen in der Netzindustrie, 15–21. Berlin, 2008. ieee: J. Haucap, U. Heimeshoff, and A. Uhde, “Trennung von Netz und Betrieb als Königsweg? Pfadabhängigkeiten der Regulierung,” in BDI-Bundesnetzagentur-Regulierungskonferenz 2008, Wettbewerb und Investitionen in der Netzindustrie, Ed. Berlin, 2008, pp. 15–21. mla: Haucap, Justus, et al. “Trennung von Netz und Betrieb als Königsweg? Pfadabhängigkeiten der Regulierung.” BDI-Bundesnetzagentur-Regulierungskonferenz 2008, edited by Wettbewerb und Investitionen in der Netzindustrie, 2008, pp. 15–21. short: 'J. Haucap, U. Heimeshoff, A. Uhde, in: Wettbewerb und Investitionen in der Netzindustrie (Ed.), BDI-Bundesnetzagentur-Regulierungskonferenz 2008, Berlin, 2008, pp. 15–21.' corporate_editor: - Wettbewerb und Investitionen in der Netzindustrie date_created: 2018-10-31T10:32:05Z date_updated: 2022-01-06T07:01:41Z department: - _id: '186' - _id: '188' extern: '1' language: - iso: ger page: 15-21 place: Berlin publication: BDI-Bundesnetzagentur-Regulierungskonferenz 2008 publication_status: published status: public title: Trennung von Netz und Betrieb als Königsweg? Pfadabhängigkeiten der Regulierung type: book_chapter user_id: '21810' year: '2008' ...