Matches in SemOpenAlex for { <https://semopenalex.org/work/W2922720912> ?p ?o ?g. }
- W2922720912 abstract "Abstract This paper uses a unique and comprehensive dataset comprised of 41 years of detailed banking data from the German building society industry to provide empirical evidence of the resilience of specialized financial intermediation (SFI) to macroeconomic shocks. Compared to studies on the German banking industry, we show that SFI is extremely stable despite generally less diversified revenue streams. We are also able to illustrate the impact of various economic conditions and cycles on the interactions between the building society sector and macroeconomic development. We use a VAR approach to demonstrate that 1) macroeconomic and mortgage-specific market shocks have limited or no impact on the banking performance (return on equity) or distress (write-off) indicators, and 2) the results of previous studies showing that financial rewards lead to higher bank funding stability on a contractual level also hold when analyzing data on an institutional level. As much research has found, and as the recent worldwide financial crisis highlighted spectacularly, banking stability is fundamental to the overall stability of financial systems and economies as a whole. Therefore, our results contribute to the ongoing discussion of whether specialized financial intermediation can indeed lead to more stable banking systems." @default.
- W2922720912 created "2019-04-01" @default.
- W2922720912 creator A5060546934 @default.
- W2922720912 date "2019-11-01" @default.
- W2922720912 modified "2023-10-01" @default.
- W2922720912 title "Tougher than the rest? The resilience of specialized financial intermediation to macroeconomic shocks" @default.
- W2922720912 cites W1095521710 @default.
- W2922720912 cites W1504950149 @default.
- W2922720912 cites W1561801160 @default.
- W2922720912 cites W1562122197 @default.
- W2922720912 cites W1587744912 @default.
- W2922720912 cites W1811963277 @default.
- W2922720912 cites W1964965452 @default.
- W2922720912 cites W1970281847 @default.
- W2922720912 cites W1973436618 @default.
- W2922720912 cites W1980906542 @default.
- W2922720912 cites W1986904499 @default.
- W2922720912 cites W1987274890 @default.
- W2922720912 cites W1990590026 @default.
- W2922720912 cites W2000585734 @default.
- W2922720912 cites W2013076716 @default.
- W2922720912 cites W2019459021 @default.
- W2922720912 cites W2054584384 @default.
- W2922720912 cites W2058815839 @default.
- W2922720912 cites W2062472270 @default.
- W2922720912 cites W2064039048 @default.
- W2922720912 cites W2073123781 @default.
- W2922720912 cites W2083563200 @default.
- W2922720912 cites W2102173527 @default.
- W2922720912 cites W2116030659 @default.
- W2922720912 cites W2118357071 @default.
- W2922720912 cites W2124229253 @default.
- W2922720912 cites W2150461711 @default.
- W2922720912 cites W2154117776 @default.
- W2922720912 cites W2157509893 @default.
- W2922720912 cites W2234488043 @default.
- W2922720912 cites W2588073206 @default.
- W2922720912 cites W2605185026 @default.
- W2922720912 cites W2611891286 @default.
- W2922720912 cites W2737375186 @default.
- W2922720912 cites W2947626232 @default.
- W2922720912 cites W2996121507 @default.
- W2922720912 cites W3021581513 @default.
- W2922720912 cites W3121630491 @default.
- W2922720912 cites W3121722945 @default.
- W2922720912 cites W3122648593 @default.
- W2922720912 cites W3122955500 @default.
- W2922720912 cites W3123364449 @default.
- W2922720912 cites W3123378301 @default.
- W2922720912 cites W3123481583 @default.
- W2922720912 cites W3123781985 @default.
- W2922720912 cites W3123997422 @default.
- W2922720912 cites W3124365921 @default.
- W2922720912 cites W3124914565 @default.
- W2922720912 cites W3125209859 @default.
- W2922720912 cites W3125512071 @default.
- W2922720912 cites W3125636817 @default.
- W2922720912 cites W3125917484 @default.
- W2922720912 cites W3146166473 @default.
- W2922720912 cites W3124253390 @default.
- W2922720912 doi "https://doi.org/10.1016/j.qref.2019.01.018" @default.
- W2922720912 hasPublicationYear "2019" @default.
- W2922720912 type Work @default.
- W2922720912 sameAs 2922720912 @default.
- W2922720912 citedByCount "0" @default.
- W2922720912 crossrefType "journal-article" @default.
- W2922720912 hasAuthorship W2922720912A5060546934 @default.
- W2922720912 hasConcept C10138342 @default.
- W2922720912 hasConcept C125706105 @default.
- W2922720912 hasConcept C137176749 @default.
- W2922720912 hasConcept C144133560 @default.
- W2922720912 hasConcept C154775046 @default.
- W2922720912 hasConcept C15744967 @default.
- W2922720912 hasConcept C162324750 @default.
- W2922720912 hasConcept C166957645 @default.
- W2922720912 hasConcept C195487862 @default.
- W2922720912 hasConcept C2779143981 @default.
- W2922720912 hasConcept C542102704 @default.
- W2922720912 hasConcept C556758197 @default.
- W2922720912 hasConcept C65146658 @default.
- W2922720912 hasConcept C73283319 @default.
- W2922720912 hasConcept C95457728 @default.
- W2922720912 hasConceptScore W2922720912C10138342 @default.
- W2922720912 hasConceptScore W2922720912C125706105 @default.
- W2922720912 hasConceptScore W2922720912C137176749 @default.
- W2922720912 hasConceptScore W2922720912C144133560 @default.
- W2922720912 hasConceptScore W2922720912C154775046 @default.
- W2922720912 hasConceptScore W2922720912C15744967 @default.
- W2922720912 hasConceptScore W2922720912C162324750 @default.
- W2922720912 hasConceptScore W2922720912C166957645 @default.
- W2922720912 hasConceptScore W2922720912C195487862 @default.
- W2922720912 hasConceptScore W2922720912C2779143981 @default.
- W2922720912 hasConceptScore W2922720912C542102704 @default.
- W2922720912 hasConceptScore W2922720912C556758197 @default.
- W2922720912 hasConceptScore W2922720912C65146658 @default.
- W2922720912 hasConceptScore W2922720912C73283319 @default.
- W2922720912 hasConceptScore W2922720912C95457728 @default.
- W2922720912 hasLocation W29227209121 @default.
- W2922720912 hasOpenAccess W2922720912 @default.
- W2922720912 hasPrimaryLocation W29227209121 @default.