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Early Warning Indicators for the German Banking System: A Macroprudential Analysis
Credit and Capital Markets – Kredit und Kapital, Vol. 47 (2014), Iss. 1 : pp. 5–47
1 Citations (CrossRef)
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Dr. Thomas Kick, Deutsche Bundesbank, Zentralbereich Banken und Aufsicht, Wilhelm-Epstein-Straße 14, 60431 Frankfurt.
Nadya Jahn, Finance Center Münster, Institut für Kreditwesen, Universität Münster, Universitätsstraße 14–16, 48143 Münster.
Cited By
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Tougher than the rest? The resilience of specialized financial intermediation to macroeconomic shocks
Molterer, Manuel
The Quarterly Review of Economics and Finance, Vol. 74 (2019), Iss. P.163
https://doi.org/10.1016/j.qref.2019.01.018 [Citations: 1]
Abstract
In this paper, we introduce a continuous and forward-looking stability indicator for the banking system based on information on all financial institutions in Germany between 1995 and 2010. Explaining this indicator by means of panel regression techniques, we identify significant macroprudential early warning indicators (such as asset price indicators, leading indicators for the business cycle and monetary indicators) and spillover effects. International spillovers play a significant role across all banking sectors, whereas regional spillovers and the credit-to-GDP ratio are more important for cooperative banks and less relevant for commercial banks.