Discussion papers
The discussion papers with economic studies or financial and banking studies are elaborated by the research center of the Deutsche Bundesbank.
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The financial accelerator and market-based debt instruments: a role for maturities? Discussion paper 08/2014: Michael Kühl
3 MB, PDF
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Wealth shocks, credit-supply shocks, and asset allocation: evidence from household and firm portfolios Discussion paper 07/2014: Thomas Kick, Enrico Onali, Benedikt Ruprecht, Klaus Schaeck
548 KB, PDF
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Lucas paradox and allocation puzzle - is the euro area different? Discussion paper 06/2014: Sabine Herrmann, Jörn Kleinert
1 MB, PDF
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Earnings baths by bank CEOs during turnovers Discussion paper 05/2014: Sven Bornemann, Thomas Kick, Andreas Pfingsten, Andrea Schertler
600 KB, PDF
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Cash management and payment choices: a simulation model with international comparisons Discussion paper 04/2014: Carlos Arango, Yassine Bouhdaoui, David Bounie, Martina Eschelbach, Lola Hernández
1 MB, PDF
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Investor fears and risk premia for rare events Discussion paper 03/2014: Claudia Schwarz
737 KB, PDF
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Filling in the blanks: network structure and interbank contagion Discussion paper 02/2014: Kartik Anand, Ben R. Craig, Goetz von Peter
718 KB, PDF
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The distribution of debt across euro area countries: the role of individual characteristics, institutions and credit conditions Discussion paper 01/2014: Olympia Bover, Jose Maria Casado, Sonia Costa, Philip Du Caju, Yvonne McCarthy, Eva Sierminska, Panagiota Tzamourani, Ernesto Villanueva, Tibor Zavadil
3 MB, PDF
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Cost leadership and bank internationalization Discussion paper 57/2013: Rients Galema, Michael Koetter, Caroline Liesegang
1 MB, PDF
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Market timing, maturity mismatch, and risk management: evidence from the banking industry Discussion paper 56/2013: Benedikt Ruprecht, Oliver Entrop, Thomas Kick, Marco Wilkens
2 MB, PDF
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Bank leverage cycles and the external finance premium Discussion paper 55/2013: Ansgar Rannenberg
827 KB, PDF
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The role of interbank relationships and liquidity needs Discussion paper 54/2013: Ben R. Craig, Falko Fecht, Günseli Tümer-Alkan
964 KB, PDF
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Banks’ concentration versus diversification in the loan portfolio: new evidence from Germany Discussion paper 53/2013: Nadya Jahn, Christoph Memmel, Andreas Pfingsten
422 KB, PDF
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Does expenditure composition influence the debt level? Evidence from German federal states Discussion paper 52/2013: Dan Stegarescu
297 KB, PDF
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Learning about fiscal policy and the effects of policy uncertainty Discussion paper 51/2013: Josef Hollmayr, Christian Matthes
738 KB, PDF
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Real financial market exchange rates and capital flows Discussion paper 50/2013: Maria Gelman, Axel Jochem, Stefan Reitz
214 KB, PDF
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Current account adjustment in EU countries: Does euro-area membership make a difference? Discussion paper 49/2013: Sabine Herrmann, Axel Jochem
726 KB, PDF
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Changing forces of gravity: how the crisis affected international banking Discussion paper 48/2013: Claudia M. Buch, Katja Neugebauer, Christoph Schröder
596 KB, PDF
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Cash holdings of German open-end equity funds: Does ownership matter? Discussion paper 47/2013: Niko Dötz, Mark Weth
1 MB, PDF
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Assessing house prices in Germany: evidence from an estimated stock-flow model using regional data Discussion paper 46/2013: Florian Kajuth, Thomas A. Knetsch, Nicolas Pinkwart
4 MB, PDF
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Monetary policy and stock market volatility Discussion paper 45/2013: Dirk Bleich, Ralf Fendel, Jan-Christoph Rülke
530 KB, PDF
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Collateral requirements and asset prices Discussion paper 44/2013: Johannes Brumm, Michael Grill, Felix Kubler, Karl Schmedders
453 KB, PDF
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Disentangling economic recessions and depressions Discussion paper 43/2013: Bertrand Candelon, Norbert Metiu, Stefan Straetmans
477 KB, PDF
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Is proprietary trading detrimental to retail investors? Discussion paper 42/2013: Falko Fecht, Andreas Hackethal, Yigitcan Karabulut
679 KB, PDF
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Interest rate risk and the Swiss solvency test Discussion paper 41/2013: Armin Eder, Sebastian Keiler, Hannes Pichl
633 KB, PDF
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How stressed are banks in the interbank market? Discussion paper 40/2013: Puriya Abbassi, Falko Fecht, Patrick Weber
389 KB, PDF
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Uncertainty and bank wholesale funding Discussion paper 39/2013: Valeriya Dinger, Ben R. Craig
413 KB, PDF
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Precautionary motives in short-term cash management – evidence from German POS transactions Discussion paper 38/2013: Martina Eschelbach, Tobias Schmidt
308 KB, PDF
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Bayesian estimation of a DSGE model with asset prices Discussion paper 37/2013: Martin Kliem, Harald Uhlig
782 KB, PDF
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Asset prices, collateral, and unconventional monetary policy in a DSGE model Discussion paper 36/2013: Björn Hilberg, Josef Hollmayr
584 KB, PDF
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Modelling and measuring business risk and the resiliency of retail banks Discussion paper 35/2013: Mohamed Chaffai, Michel Dietsch
730 KB, PDF
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A model of mortgage losses and its applications for macroprudential instruments Discussion paper 34/2013: Christian Hott
564 KB, PDF
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Balance sheet strength and bank lending during the global financial crisis Discussion paper 33/2013: Tümer Kapan, Camelia Minoiu
489 KB, PDF
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Equity returns in the banking sector in the wake of the great recession and the European sovereign debt crisis Discussion paper 32/2013: Jorge A. Chan-Lau, Estelle X. Liu, Jochen M. Schmittmann
541 KB, PDF
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A single composite financial stress indicator and its real impact in the euro area Discussion paper 31/2013: Mevlud Islami, Jeong-Ryeol Kurz-Kim
213 KB, PDF
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Bank risk taking and competition: evidence from regional banking markets Discussion paper 30/2013: Thomas Kick, Esteban Prieto
623 KB, PDF
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Banks and sovereign risk: a granular view Discussion paper 29/2013: Claudia M. Buch, Michael Koetter, Jana Ohls
742 KB, PDF
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The evolution of economic convergence in the European Union Discussion paper 28/2013: Mihály Tamás Borsi, Norbert Metiu
417 KB, PDF
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Households’ disagreement on inflation expectations and socioeconomic media exposure in Germany Discussion paper 27/2013: Jan-Oliver Menz, Philipp Poppitz
974 KB, PDF
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Potential labour force in full-time equivalents: measurement, projection and applications Discussion paper 26/2013: Thomas A. Knetsch, Katja Sonderhof, Wolfram Kempe
886 KB, PDF
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Das Erwerbspersonenpotenzial zu Vollzeitäquivalenten: Messkonzept, Projektion und Anwendungsbeispiele Diskussionspapier 26/2013: Thomas A. Knetsch, Katja Sonderhof, Wolfram Kempe
874 KB, PDF
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Estimation of linear dynamic panel data models with time-invariant regressors Discussion paper 25/2013: Sebastian Kripfganz, Claudia Schwarz
718 KB, PDF
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Testing the O-ring theory for FDI Discussion paper 24/2013: Martina Engemann, Henrike Lindemann
538 KB, PDF
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Reconciling narrative monetary policy disturbances with structural VAR model shocks? Discussion paper 23/2013: Martin Kliem, Alexander Kriwoluzky
252 KB, PDF
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Evaluation of minimum capital requirements for bank loans to SMEs Discussion paper 22/2013: Klaus Düllmann, Philipp Koziol
1 MB, PDF
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Catharsis − The real effects of bank insolvency and resolution Discussion paper 21/2013: Josef Korte
756 KB, PDF
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The price impact of CDS trading Discussion paper 20/2013: Yalin Gündüz, Julia Nasev, Monika Trapp
627 KB, PDF
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Is local bias a cross-border phenomenon? Evidence from individual investors’ international asset allocation Discussion paper 18/2013: Markus Baltzer, Oscar Stolper, Andreas Walter
2 MB, PDF
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Does non-interest income make banks more risky? Retail- versus investment-oriented banks Discussion paper 17/2013: Matthias Köhler
2 MB, PDF