Suche

Gesucht nach "State-Owned Assets and Public Debt".
Es wurden 4 Ergebnisse gefunden.

Zeige Ergebnisse 1 bis 4 von 4.

• Publikationen // 07.12.2023

  ZEW Discussion Paper - State-Owned Enterprises, Fiscal Transparency, and the Circumvention of Fiscal Rules: The Case of Germany

  State-owned enterprises (SOEs) provide opportunities for a more flexible and marketbased provision of public services. At the same time, they may impair fiscal transparency and offer politicians discretion [...] tion of the debt brake from 2010 to 2020 differs across the 16 states. The results show that SOEs in fiscally more constrained states exhibit a stronger decrease in equity and reserves and a higher increase [...] increase in debt compared to SOEs in less constrained states and the shorter the distance to the 2020 deadline. This result is based on a combined sample of state and municipal SOEs, a finding pointing towards
• Publikationen // 14.12.2021

  ZEW-Kurzexpertise - Magnitudes and Capital Key Divergence of the Eurosystem’s PSPP/PEPP Purchases – Update December 2021

  allocations and their proportionality to the ECB capital key, and their magnitude relative to GDP and public debt. [...] of both the PEPP and the PSPP since the outbreak of the pandemic. For PSPP/PEPP purchases between March 2020 and September 2021, this expertise assesses the size of purchase flows and stocks, country [...] The ECB Council has to take a decision on the future of its asset purchase programmes as the monetary crisis support that was appropriate in the early phase of the pandemic needs to be adjusted to new
• Publikationen // 23.11.2016

  Discussion und Working Paper - Capital Shortfalls of European Banks since the Start of the Banking Union

  The market’s assessment of banks’ risky assets is still decoupled from their book valuation and associated Basel risk-weights, causing a divergence between market and regulatory assessments of bank capital [...] only Italian but also German and French banks show large capital shortfalls, some of which may require public backstops if losses are not to be passed onto non-subordinated debt holders of banks.
• Publikationen // 15.05.2006

  ZEW Discussion Paper - Capital Policy of German Savings Banks - A Survey

  level of riskweighted assets in order to reach their target capital ratio. The most important instruments to increase the level of capital are lowering costs and issuing subordinated debt. We obtain strong [...] German public savings banks on their management of capital. We find that the most important determinants of the savings banks’ target capital ratio are risk aversion, the desired credit growth and profitability [...] strong evidence that issuing subordinated debt is a particularly important instrument to increase capital for less capitalised savings banks.