Banking Market Structure, Financial Dependence and Growth: International Evidence from Industry Data

Credit risk and bank margins in structur

Credit risk and bank margins in structured financial products: Evidence from the German secondary market for discount certificates

✍ Rainer Baule; Oliver Entrop; Marco Wilkens 📂 Article 📅 2008 🏛 John Wiley and Sons 🌐 English ⚖ 469 KB

## Abstract This study analyzes bank margins in the German secondary market for exchange‐traded structured financial products, with particular emphasis on the influence of banks' credit risk. A structural model allowing for the incorporation of correlation effects between market and credit risk is