The Dependency of the Banks' Assets and Liabilities: Evidence from Germany
研究了1994至2007年间德国全能银行资产负债依赖性的变化，发现其随时间下降，并分析了与风险转移工具使用、监管资本和盈利能力的关联。
Abstract Two decades of developments in risk‐transfer instruments may have fundamentally changed the extent to which banks practice on‐balance sheet term and liquidity transformation. These changes should be deliberated in on‐balance sheet asset‐liability dependencies. By using correlation analyses, we investigate asset‐liability dependency for all three sectors of German universal banks from 1994 to 2007 and find that it declined over our sample period. We also investigate whether asset‐liability dependency varies systematically with a bank's affinity for using risk‐transfer instruments, regulatory capital, and profitability and document several differences between the three sectors of German universal banks.