The Interaction between Financial Stability and Financial Institutions: Some Reflections

Käfer, Benjamin

kassel university press, ISBN: 978-3-7376-0182-5, 2016, 116 Pages

URN: urn:nbn:de:0002-401835

DOI: 10.19211/KUP9783737601832

Zugl.: Kassel, Univ., Diss. 2016

| Price and available forms -->

Content: The contribution of this dissertation is to investigate financial stability issues from three different perspectives, illustrating that financial instability shows different characteristics over time, among financial institutions, and across financial activities. Chapter 1 reviews the normative and positive monetary policy literature on Taylor rules which have been augmented with exchange rates, asset prices, credit or leverage, and spreads. In addition, the chapter compares the development of these indicators for the core and the periphery of the Eurozone from 1999 (with the introduction of the euro) until 2013. Chapter 2 goes on to investigate the funding advantage that is provided to German Landesbanken by the joint liability scheme of the German Savings Banks Finance Group. Chapter 3 investigates peer-to-peer (P2P) lending and shows that the changing role of soft information, online platform default risk, liquidity risk and underdeveloped online secondary markets, and the institutionalization of P2P markets implies larger risks than traditional banking. Moreover, P2P lending can be considered part of the shadow banking sector.

Publication is available in following forms:

Full text (pdf-file, printable, with costs - 2.90 MB) 22.00 Euro
(free of charge in kassel University network - you are in kassel University network if you are in the workplace, or you are using a pc in the ITS or in the library)
download PDF - Attention! with costs, because you are not in kassel University network!