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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Nonlinear oil price dynamics - a tale of heterogeneous speculators? Discussion paper 10/2008: Stefan Reitz, Ulf Slopek
324 KB, PDF
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Panel estimation of state dependent adjustment when the target is unobserved Discussion paper 09/2008: Ulf von Kalckreuth
420 KB, PDF
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Regulatory capital for market and credit risk interaction: is current regulation always conservative? Discussion paper 14/2008: Thomas Breuer, Martin Jandacka, Klaus Rheinberger, Martin Summer
415 KB, PDF
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Systemic bank risk in Brazil: an assessment of correlated market, credit, sovereign and inter-bank risk in an environment with stochastic volatilities and correlations Discussion paper 13/2008: Theodore M. Barnhill, Jr., Marcos Rietti Souto
647 KB, PDF
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A value at risk analysis of credit default swaps Discussion paper 12/2008: Burkhard Raunig, Martin Scheicher
268 KB, PDF
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Interaction of market and credit risk:an analysis of inter-risk correlation and risk aggregation Discussion paper 11/2008: Klaus Böcker, Martin Hillebrand
326 KB, PDF
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Determinants of European banks' engagement in loan securitization Discussion paper 10/2008: Christina E. Bannier, Dennis N. Hänsel
433 KB, PDF
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Market conditions, default risk and credit spreads Discussion paper 08/2008: Dragon Yongjun Tang, Hong Yan
291 KB, PDF
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The pricing of correlated default risk: evidence from the credit derivatives market Discussion paper 09/2008: Nikola Tarashev, Haibin Zhu
530 KB, PDF
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Which interest rate scenario is the worst one for a bank? Evidence from a tracking bank approach for German savings and cooperative banks Discussion paper 07/2008: Christoph Memmel
467 KB, PDF
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The success of bank mergers revisited - an assessment based on a matching strategy Discussion paper 06/2008: Andreas Behr, Frank Heid
855 KB, PDF
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Rollover risk in commercial paper markets and firms' debt maturity choice Discussion paper 05/2008: Felix Thierfelder
284 KB, PDF
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Estimating asset correlations from stock prices or default rates - which method is superior? Discussion paper 04/2008: Klaus Düllmann, Jonathan Küll, Michael Kunisch
374 KB, PDF
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Integration of financial markets and national price levels: the role of exchange rate volatility Discussion paper 07/2008: Mathias Hoffmann, Peter Tillmann
781 KB, PDF
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Monetary policy and bank distress: an integrated micro-macro approach Discussion paper 03/2008: Ferre de Graeve, Thomas Kick, Michael Koetter
530 KB, PDF
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Bank mergers and the dynamics of deposit interest rates Discussion paper 02/2008: Ben R. Craig, Valeriya Dinger
307 KB, PDF
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The German sub-national government bond market: evolution, yields and liquidity Discussion paper 06/2008: Alexander Schulz, Guntram B. Wolff
745 KB, PDF
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Financial markets and the current account - emerging Europe versus emerging Asia Discussion paper 05/2008: Sabine Herrmann, Adalbert Winkler
284 KB, PDF
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Analyzing the interest rate risk of banks using time series of accounting-based data: evidence from Germany Discussion paper 01/2008: Oliver Entrop, Christoph Memmel, Marco Wilkens, Alexander Zeisler
430 KB, PDF
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The impact of thin-capitalization rules on multinationals' financing and investment decisions Discussion paper 03/2008: Thiess Buettner, Michael Overesch, Ulrich Schreiber, Georg Wamser
364 KB, PDF
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Comparing the DSGE model with the factor model:an out-of-sample forecasting experiment Discussion paper 04/2008: Mu-Chun Wang
340 KB, PDF
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Communication, decision-making and the optimal degree of transparency of monetary policy committees Discussion paper 02/2008: Anke Weber
392 KB, PDF
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Can capacity constraints explain asymmetries of the business cycle? Discussion paper 01/2008: Malte Knüppel
384 KB, PDF
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Estimating probabilities of default with support vector machines Discussion paper 18/2007: Wolfgang K. Härdle, Rouslan A. Moro, Dorothea Schäfer
646 KB, PDF
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Factor-MIDAS for now- and forecasting with ragged-edge data: a model comparison for German GDP Discussion paper 34/2007: Massimiliano Marcellino, Christian Schumacher
423 KB, PDF
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The welfare effects of inflation: a cost-benefit perspective Discussion paper 33/2007: Karl-Heinz Tödter, Bernhard Manzke
416 KB, PDF
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Profitability of Western European banking systems: panel evidence on structural and cyclical determinants Discussion paper 17/2007: Rainer Beckmann
550 KB, PDF
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Endogenous credit derivatives and bank behavior Discussion paper 16/2007: Thilo Pausch
362 KB, PDF
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Does Benford’s law hold in economic research and forecasting? Discussion paper 32/2007: Stefan Günnel, Karl-Heinz Tödter
182 KB, PDF
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Creditor concentration: an empirical investigation Discussion paper 15/2007: Steven Ongena, Günseli Tümer-Alkan, Natalja von Westernhagen
508 KB, PDF
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Relationship lending - empirical evidence for Germany Discussion paper 14/2007: Christoph Memmel, Christian Schmieder, Ingrid Stein
313 KB, PDF
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Simple interest rate rules with a role for money Discussion paper 31/2007: Michael Scharnagl, Christina Gerberding, Franz Seitz
530 KB, PDF
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International co-operation on innovation: empirical evidence for German and Portuguese firms Discussion paper 30/2007: Pedro Faria, Tobias Schmidt
330 KB, PDF
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The timeless perspective vs. discretion: theory and monetary policy implications for an open economy Discussion paper 29/2007: Alfred V. Guender
654 KB, PDF
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The timing and magnitude of exchange rate overshooting Discussion paper 28/2007: Mathias Hoffmann, Jens Søndergaard, Niklas J. Westelius
374 KB, PDF
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Spill-over effects of monetary policy – a progress report on interest rate convergence in Europe Discussion paper 27/2007: Michael Flad
576 KB, PDF
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Taxing deficits to restrain government spending and foster capital accumulation Discussion paper 26/2007: Nikolai Stähler
297 KB, PDF
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Asset correlations and credit portfolio risk – an empirical analysis Discussion paper 13/2007: Klaus Düllmann, Martin Scheicher, Christian Schmieder
361 KB, PDF
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Quantifying risk and uncertainty in macroeconomic forecasts Discussion paper 25/2007: Malte Knüppel, Karl-Heinz Tödter
581 KB, PDF
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Corporate marginal tax rate, tax loss carryforwards and investment functions - empirical analysis using a large German panel data set Discussion paper 21/2007: Fred Ramb
331 KB, PDF
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Volatile multinationals? Evidence from the labor demand of German firms Discussion paper 22/2007: Claudia M. Buch, Alexander Lipponer
367 KB, PDF
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International investment positions and exchange rate dynamics: a dynamic panel analysis Discussion paper 23/2007: Michael Binder, Christian J. Offermanns
2 MB, PDF
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Testing for contemporary fiscal policy discretion with real time data Discussion paper 24/2007: Ulf von Kalckreuth, Guntram B. Wolff
311 KB, PDF
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The marketability of bank assets and managerial rents: implications for financial stability Discussion paper 12/2007: Falko Fecht, Wolf Wagner
341 KB, PDF
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Welfare effects of financial integration Discussion paper 11/2007: Falko Fecht, Hans Peter Grüner, Philipp Hartmann
521 KB, PDF
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The quality of banking and regional growth Discussion paper 10/2007: Iftekhar Hasan, Michael Koetter, Michael Wedow
348 KB, PDF
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The rationality and reliability of expectations reported by British households: micro evidence from the British household panel survey Discussion paper 19/2007: James Mitchell, Martin Weale
301 KB, PDF
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Uncertainty about perceived inflation target and monetary policy Discussion paper 18/2007: Kosuke Aoki, Takeshi Kimura
598 KB, PDF