Implications of post-crisis banking regulation after 2007 on the debt capital structures of German companies and corporate banking business models

Business & Finance, Finance & Investing, Finance
Cover of the book Implications of post-crisis banking regulation after 2007 on the debt capital structures of German companies and corporate banking business models by Stephan Miller, GRIN Verlag
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Stephan Miller ISBN: 9783656840435
Publisher: GRIN Verlag Publication: November 17, 2014
Imprint: GRIN Verlag Language: English
Author: Stephan Miller
ISBN: 9783656840435
Publisher: GRIN Verlag
Publication: November 17, 2014
Imprint: GRIN Verlag
Language: English

Master's Thesis from the year 2014 in the subject Business economics - Investment and Finance, grade: 1,5, Frankfurt School of Finance & Management, course: Corporate Finance, language: English, abstract: Total financing volumes and financing structures are important indicators for numerous real economic and financial developments. Financing decisions are based primarily on investment decisions, but also provide indications for financing conditions for companies in the money and capital markets. The financial crisis starting in 2007 and 2008 affected these markets in Germany in various ways. The spillover of the crisis to Germany can, to a considerable degree, be explained by the fact that German credit institutions had reached the brink of collapse. One central problem and cause of the crisis was poor risk monitoring, for instance through rating agencies on the US securitization market. The burden on banks due to crisis-induced write-downs as well as the drying-up of interbank money markets, which resulted in refinancing problems for numerous credit institutions, created a fear of a potential 'credit crunch' for companies or the economy at large. This means the main macroeconomic concern was that the restriction on credit supply might be severe enough to cause an economic crisis. As a result of these disturbances, the regulating authorities put forth several new measures, provisions and rules. As a lesson learned, one central task should be strengthening the resilience of the financial system to future crises. The work in hand, focuses on the effects of the Basel III regulations as these, on the one hand, are already being enforced and, on the other hand, have a considerable impact on corporate finance and corporate banking business models. The Basel III Accords concerning higher capital requirements for banks were already underway before the financial crisis hit, but the legislators and supervisory authorities accelerated their implementation after the onset of the crisis. In its aftermath, the economy experienced historically low levels of interest rates as a result of monetary policy. Nevertheless, the conventional wisdom of scientists, consultants, and other experts was shaped by the experience that bank loans tend to become more expensive and scarcer when when new regulatory requirements are introduced. They advised companies to shift their debt capital structures from major bank loan financing, which has historically been the major source in Germany, to more capital market financing instruments.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Master's Thesis from the year 2014 in the subject Business economics - Investment and Finance, grade: 1,5, Frankfurt School of Finance & Management, course: Corporate Finance, language: English, abstract: Total financing volumes and financing structures are important indicators for numerous real economic and financial developments. Financing decisions are based primarily on investment decisions, but also provide indications for financing conditions for companies in the money and capital markets. The financial crisis starting in 2007 and 2008 affected these markets in Germany in various ways. The spillover of the crisis to Germany can, to a considerable degree, be explained by the fact that German credit institutions had reached the brink of collapse. One central problem and cause of the crisis was poor risk monitoring, for instance through rating agencies on the US securitization market. The burden on banks due to crisis-induced write-downs as well as the drying-up of interbank money markets, which resulted in refinancing problems for numerous credit institutions, created a fear of a potential 'credit crunch' for companies or the economy at large. This means the main macroeconomic concern was that the restriction on credit supply might be severe enough to cause an economic crisis. As a result of these disturbances, the regulating authorities put forth several new measures, provisions and rules. As a lesson learned, one central task should be strengthening the resilience of the financial system to future crises. The work in hand, focuses on the effects of the Basel III regulations as these, on the one hand, are already being enforced and, on the other hand, have a considerable impact on corporate finance and corporate banking business models. The Basel III Accords concerning higher capital requirements for banks were already underway before the financial crisis hit, but the legislators and supervisory authorities accelerated their implementation after the onset of the crisis. In its aftermath, the economy experienced historically low levels of interest rates as a result of monetary policy. Nevertheless, the conventional wisdom of scientists, consultants, and other experts was shaped by the experience that bank loans tend to become more expensive and scarcer when when new regulatory requirements are introduced. They advised companies to shift their debt capital structures from major bank loan financing, which has historically been the major source in Germany, to more capital market financing instruments.

More books from GRIN Verlag

Cover of the book Skillmanagement. Wie bildet man Kompetenzen in Unternehmen ab? by Stephan Miller
Cover of the book Steckenpferd, Puppe und Kreisel. Spiele und Spielzeug im Mittelalter by Stephan Miller
Cover of the book Holocaust-Forschung zwischen Medien und Moral. Die Goldhagen-Debatte in Deutschland 1996/97 by Stephan Miller
Cover of the book Tendenzen der Schulentwicklung - Bildungsplanreform am Fach Deutsch by Stephan Miller
Cover of the book Verfassungsrechtliche Fragen zum Lottostaatsvertrag by Stephan Miller
Cover of the book Psychiatrisches Gesundheits- und Krankheitsverständnis by Stephan Miller
Cover of the book Lohnt sich für den Gesellschafter-Geschäftsführer die Leistungsvergütung noch? by Stephan Miller
Cover of the book Außenpolitik internationaler Organisationen: Die Vorgaben von Maastricht und Folgeverträgen by Stephan Miller
Cover of the book Das Zurückbehaltungsrecht des Werkbestellers by Stephan Miller
Cover of the book Die Bedeutung des Stakeholderdialogs für die Nachhaltigkeitskommunikation von Unternehmen by Stephan Miller
Cover of the book Was bedeutet Glück? by Stephan Miller
Cover of the book Die internationale Auslandsentsendung von Fach- und Führungskräften: Vorbereitung auf den Karriereknick? by Stephan Miller
Cover of the book Die Entwicklungspolitik der Europäischen Union by Stephan Miller
Cover of the book Der Mythos des Risorgimento im italienischen Spielfilm by Stephan Miller
Cover of the book Betriebswirtschaftliche Determinanten bei der Unternehmensnachfolge by Stephan Miller
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy