Social Media

Filter nach

Twitter (schulte_stef) | 15.10.2018

"[...] some argue that the Fed’s response [to Black Monday in 1987] set a precedent that had the potential to exacerbate moral hazard": https://t.co/fp5f673yIQ https://t.co/TELB1rK6yR

Twitter (schulte_stef) | 15.10.2018

"Unlike previous financial crises, the 1987 stock market decline was not associated with a deposit run or any other problem in the banking sector": https://t.co/fp5f673yIQ Possibly because #shadowbanking & the market shares of #TooBigToFail banks were still fairly small in 1987? https://t.co/CPeX2aiZND

Twitter (schulte_stef) | 14.10.2018

"In the medium-long run [...] the presence of multinational banks acts towards amplifying the effects of the shock, turning into a drag on the recovery": https://t.co/SUEwfoGveL https://t.co/Q2ZjIhtFnv

Twitter (schulte_stef) | 14.10.2018

"Multinational banks can swiftly transfer liquidity across borders through their internal capital markets but may face difficulties in allocating this liquidity to local firms", because they don't understand local markets well => "diseconomies of scale": https://t.co/1zRxpFAP6b https://t.co/FH4GrAGOTP

Twitter (schulte_stef) | 14.10.2018

This is why one of the most convincing definitions of #shadowbanking is the following: "all financial activities, except traditional banking, which rely on a private or public backstop to operate” https://t.co/ZtylJh30qA https://t.co/cN80NWQu8T

Twitter (schulte_stef) | 14.10.2018

In 2015, the implicit #TooBigToFail subsidy for eleven global banks amounted to $62 billion annually, according to another @IMFNews paper: https://t.co/RmNnv2Gbaq https://t.co/2uxy18L75X

Twitter (schulte_stef) | 14.10.2018

The implicit public subsidy for #TooBigToFail banks is procyclical and tends to increase during crises - but even now, it hasn't changed much compared with 2009, as data from @IMFNews shows: https://t.co/bPQT8BMXBY https://t.co/pfYHGKjAFf

Twitter (GenoverbandL) | 12.10.2018

Beim Jahresgespräch des #Genossenschaftsverbandes mit dem Sächsischen Staatsminister für Landwirtschaft Thomas Schmidt versprach er eine pragmatische Handhabung der #Dürrehilfe in Sachsen.

Twitter (GenoverbandL) | 10.10.2018

Beim Jahresgespräch des #Genossenschaftsverbandes mit dem Sächsischen Staatsminister für Landwirtschaft Thomas Schmidt gab es große Übereinstimmung im Hinblick auf die Bewertung der bisherigen Vorschläge zur #GAP nach 2020. https://t.co/cduEMJuyHL

Twitter (ener_geno) | 08.10.2018

Die >300 Mitglieder der Wäller Energie eG in RLP wollen #Energiewende nicht nur, sie machen sie auch. 5,2 Mio kWh mit WKA in 12 Monaten. Und mit Firmen aus der Umgebung umgesetzt. @RheinZeitung @Wissing @ulrikehoefken https://t.co/SmzorgBO86

Twitter (schulte_stef) | 07.10.2018

The authors' conclusion: "These results [...] support the idea that the largest banks should be subject to the most stringent requirements while smaller banks should be subject to successively less stringent requirements." https://t.co/bs39ACbaej #TBTF https://t.co/r8o3KHxcOT

Twitter (schulte_stef) | 07.10.2018

When a very large bank gets into trouble, the real economy suffers disproportionately, this @federalreserve paper (published in August 2018) confirms: https://t.co/bs39ACbaej #TBTF https://t.co/OKgMPXWkTt

Twitter (schulte_stef) | 07.10.2018

"[...] the results in the current study indicate that large banks lent a smaller portion of their assets to small businesses than did small banks [...] Moreover, their post-crisis lending has disproportionately gone to large businesses": https://t.co/XSPC5jSOAx https://t.co/J7TS56WtiL

Twitter (schulte_stef) | 07.10.2018

After the financial crisis in the United States, "the declines in small-business lending were significantly greater at large banks than at small banks [...]" (despite all the bailouts for large banks!): https://t.co/nHYKuJpGeY https://t.co/wy90lIK0f8

Twitter (schulte_stef) | 07.10.2018

"Among the economies that experienced a banking crisis in 2007–08, about 85 percent are still operating at output levels below precrisis trends": https://t.co/xjwDFMgQSY

Twitter (GenoverbandL) | 05.10.2018

Aus #GAP2020 wird wohl eine #GAP2021, oder #GAP2022. MdEP Dr. Peter Jahr spricht sich daher für eine Fortführung der bestehenden GAP-Regeln auch nach dem Jahr 2020 aus und berichtete während #Politik-trifft-Praxis über den aktuellen Verhandlungsstand. https://t.co/Pt0DS72uf1

Twitter (GenoverbandL) | 05.10.2018

Zur Zukunft der Gemeinsamen Agrarpolitik #GAP2020 heute Nachmittag „Politik trifft Praxis“ mit dem Europaabgeordneten Dr. Peter Jahr MdEP @peter_jahr im sächsischen Erlau. Wir sind gespannt und werden berichten!

Twitter (schulte_stef) | 02.10.2018

"Rising top income inequality and low productivity growth are robust predictors of financial crises [...] I show that the predictive relation be-tween top income inequality and financial crises is explained by asset booms": https://t.co/q3ZAX08ftc https://t.co/61WSFPyAdd

Twitter (schulte_stef) | 02.10.2018

"small banks are regarded as having a comparative advantage in gathering and using 'soft' information - knowledge of both the local community and the small businesses within it - which the bank has accumulated over multiple interactions [...]" https://t.co/9LxDtLDbTs (more: p. 6) https://t.co/AruMUU5Czx

Twitter (schulte_stef) | 02.10.2018

... and this data might still understate the importance of small banks in SME lending: "A conservative estimate shows that in Q4 2015, small banks held at least 28.8 percent more outstanding loan dollars to small businesses than the Call Report proxy captured [...]" (p. 19) https://t.co/TqlwfIaHLu

Twitter (schulte_stef) | 02.10.2018

According to new data published by @FDICgov, small banks in the United States hold nearly 53 percent of small loans to businesses, even if their share of all banking assets is only 17 percent: https://t.co/vpo7C6BpLG https://t.co/dUrix0Sj7p

Twitter (ener_geno) | 02.10.2018

Im @Muensterland mit Rückendwind für den #Klimaschutz: 1000 Bürgerx sind Mitglied bei der https://t.co/stlAKu2eiE. Der Strom aus ihren WKA kann 50k Haushalte versorgen. Akzeptiert+ambitioniert: bald PV und E-Mobilität?

Twitter (schulte_stef) | 30.09.2018

See also: "Dividends and buybacks have been rising in advanced economies since the crisis and have reached about 60% of what companies spend on investment." https://t.co/gBg3GxDBmq (2016 paper) https://t.co/akyRLWKkCt

Twitter (schulte_stef) | 30.09.2018

When interest rates are already low, further monetary easing might encourage share buybacks over productive investment - and thus increase financial instability, this paper argues: https://t.co/RS16N5UJvn (here available without paywall) https://t.co/RsZ3FR7T7N

Twitter (schulte_stef) | 30.09.2018

ICMY: In US, only the top 10% of households increased their wealth since the Great Recession. During the crash, their wealth was less concentrated in housing and stocks - and after the crash, they continued to own more homes & stocks than the other groups. https://t.co/UItnRjPGrU https://t.co/SnYWFoPFQN

Twitter (schulte_stef) | 30.09.2018

Due to their systemic risk, #TooBigToFail banks should be much better capitalized than smaller institutions - yet, the unweighted capital ratio of smaller banks in Germany is 65% higher than that of the largest ones: https://t.co/klbevl7P3k https://t.co/pl463eer4G

Twitter (schulte_stef) | 30.09.2018

The chart was initially published here by the @FinStbBoard: https://t.co/QynH3D1Eix https://t.co/OnSYwufAw4

Twitter (schulte_stef) | 30.09.2018

Interesting chart from the ESRB annual conference: People used to claim that #shadowbanking would stabilize the financial system, but before the financial crisis, non-bank and bank credit moved in lockstep - and thus amplified the credit boom and bust. https://t.co/k0Z3qppLEi https://t.co/eDn9CZDGCi

Twitter (ener_geno) | 28.09.2018

Ernüchternde Bilanz nach Einführung Mieterstromgesetz 2017: nur ~3% des förderfähigen Zubaus in den ersten 10 Monaten errichtet. Aber das hier macht Mut: https://t.co/NYVdVUsXOo @SZ @JGros_GVB @_Genossenschaft @bnetza

Twitter (GenoverbandL) | 28.09.2018

Der Warenmarketingausschuss des Genossenschaftsverbandes hat sich das #Genossenschaftswesen in #Estland genauer angesehen. Hier ein Bild vom Besuch bei der dritt größten Getreidegenossenschaft Kevilli https://t.co/z1pkLLptG5 https://t.co/a36UoLpKVY

Twitter (ener_geno) | 27.09.2018

"Was der Einzelne nicht stemmen kann, kann die Gruppe erreichen" In Energiegenossenschaften z.B. https://t.co/Cxm1C5o5pO @DeutscheWelle @_Genossenschaft @energiegewinner

Twitter (ener_geno) | 26.09.2018

Amen. Sonderausschreibungen für #Windkraft jetzt. Bitte. Kann man nicht oft genug sagen. @BMWi_Bund @JanAlbrecht https://t.co/XlttGlKx3L

Twitter (ener_geno) | 26.09.2018

"Bürgerbeteiligung ist [...] Grundpfeiler dieses Projekts": 750kWp durch PV-Freiflächenanlage in Ulrichstein ab 2019. Strom für >200 Haushalte dank #Energiegenossenschaft Vogelsberg. @osthessennewsde @focusonline

Twitter (schulte_stef) | 25.09.2018

In addition to direct bailouts, many € area governments provided explicit guarantees to individual institutions at the height of the financial crisis. Those contingent liabilities amounted to more than 8% of GDP in 2009, and were still about 1.4% in 2017. https://t.co/41ahe8GiQV https://t.co/8gqj5N9ryj

Twitter (schulte_stef) | 25.09.2018

"At the euro area level, financial sector support measures had a very large impact on the aggregate budget deficit in 2010 (0.7% of GDP), 2012 (0.5% of GDP) and 2013 (0.3% of GDP)" - and in 2017, still more than 0.1% of GDP: https://t.co/ZrXi7C1VWZ #TooBigToFail https://t.co/ySaYugqBIs

Twitter (GenoverbandL) | 25.09.2018

Leider werden aus #Belgien neue Fälle der Afrikanischen #Schweinepest gemeldet. Wichtige Fragen zur #ASP aus Sicht von Genossenschaften beantwortet der @Raiffeisen_DRV in den FAQs https://t.co/G3Xx4kL0uI

Twitter (schulte_stef) | 24.09.2018

Earlier (working paper) version of the paper "Foreign booms, domestic busts: the global dimension of banking crises" is available here without a paywall: https://t.co/NGh2Fh0Ddw https://t.co/EStV9JNx6i

Twitter (schulte_stef) | 23.09.2018

In 1997, on the occasion of his nobel win, Robert C. Merton still praised #LTCM (which he had co-founded): https://t.co/uy0S68dvcu https://t.co/r59LxnjLg3

Twitter (schulte_stef) | 23.09.2018

Data: https://t.co/VoJNL3BonR (@FDICgov insured commercial banks and savings banks in the U.S.) https://t.co/dLxxoZvksL (U.S. credit unions, published by @CUNA) https://t.co/muLAv5Yde2 (credit institutions in the Euro area, published by @ecb) https://t.co/200ByeYeuy

Twitter (schulte_stef) | 23.09.2018

Number of banks (many of which are small local community banks) in the U.S.: ~5500 Number of credit unions in the U.S.: ~5600 Number of credit institutions (including coop. banks) in the Euro area: ~4700 And yet, big bank lobbyists claim that Europe has "too many" small banks...

Twitter (schulte_stef) | 23.09.2018

Taxes in absolute numbers: Big banks - € 0.56 billion Cooperative banks - € 2.20 billion https://t.co/TubpOEORzG https://t.co/VVSbYoZotg

Twitter (schulte_stef) | 23.09.2018

Taxes paid per € 1 billion in total assets (Germany, 2017) Big private banks: € 0.3 million Cooperative banks: € 2.4 million https://t.co/TubpOEORzG https://t.co/jqCqbNsJAc

Twitter (GenoverbandL) | 21.09.2018

Bundesrat schiebt Risikoausgleichsrücklage an! Gut so! Aus unserer Sicht wäre die Einführung ein wichtiger Schritt, hin zu einer Stärkung des #Risikomanagement der Betriebe. https://t.co/bgCsdc0Ld3

Twitter (GenoverbandL) | 18.09.2018

#Landwirtschaft #Genossenschaft geht auch in der #Stadt! Zum Beispiel mit #diekooperative in @Frankfurt Ihr Ziel: Die Entwicklung einer dezentralen Versorgungsstruktur, die demokratische & gemeinschaftliche Mitbestimmung sowie die Gemeinwohlorientierung https://t.co/olwXEDBdKN

Twitter (schulte_stef) | 17.09.2018

"Led by a team of market experts including two Nobel laureates, LTCM was a hedge fund well known for using sophisticated mathematical models to make impressive profits" (until the profits weren't so impressive anymore): https://t.co/ZWXONZ3Cy6 https://t.co/eTeXaxG0iy

Twitter (schulte_stef) | 17.09.2018

The economist Raghuram G. Rajan was one of them. In a speech held in 2005, he warned of the possibility of "large systemic shocks": https://t.co/RSWwY6Eerg https://t.co/frtPhokPuJ

Twitter (schulte_stef) | 17.09.2018

"Before the crisis, many believed that the growing complexity and sophistication of the financial system – particularly securitisation markets – demonstrated that it was doing its job better than ever before. By the time Lehman Brothers failed this belief had been shattered." https://t.co/uwl5NKkc6Q

Twitter (schulte_stef) | 17.09.2018

Return on equity of the cooperative banks is also higher than that of the big banks (and it has been like this for years) Big banks: 2.3% Cooperative banks: 7.1% (both post-tax) https://t.co/UnlI6rMyEH https://t.co/fWa4mtM1Ap

Twitter (schulte_stef) | 17.09.2018

Pundits often complain that the German banking sector is inefficient "on average". However, it's not the small banks (e.g. the cooperative banks) which are to blame. Cost income rations of German banks (2017): Big private banks - 95% Coop. banks - 67% https://t.co/G2aj7nlTc5 https://t.co/Jd5T9S1LLy

Twitter (schulte_stef) | 15.09.2018

ICYMI - in his latest piece, @mtaibbi discusses implicit subsidies for #TooBigToFail banks as well: https://t.co/BM4zeplcue https://t.co/hjHs9ej5MI

Twitter (schulte_stef) | 15.09.2018

The @IMFNews has repeatedly looked into implicit subsidies for #TooBigToFail banks as well. According to this paper, they were about $62 bn for eleven of the largest banks worldwide in 2015. https://t.co/RmNnv2Gbaq #Lehman10Years https://t.co/Al3z6EdC1W

Twitter (schulte_stef) | 15.09.2018

Due to implicit government guarantees, #TBTF banks can borrow cheaper than other banks. In 2016, this implicit subsidy for big banks in Germany amounted to about €13 bn, or 0.4% of GDP, according to a working paper from the European Systemic Risk Board. https://t.co/c5ufTaDnwk https://t.co/51ObioSFQb

Twitter (ener_geno) | 14.09.2018

"[...]allein in Nordfriesland 30 T Zweitautos, die müssen als Erstes elektrisiert werden" Viel Potential für E-Mobilität, nicht nur in NF. Und für Bürger-Engagement wie beim Dörpsmobil, E-Car-Sharing op platt. #eE4mobile eG @zeitung_energie

Twitter (schulte_stef) | 13.09.2018

1. 'Too-Big-to-Fail' banks tend to take on more risk: https://t.co/dzSGh5KsnC (@NYFedResearch paper) https://t.co/1bKLsrGDPV

Twitter (schulte_stef) | 13.09.2018

#TooBigToFail distorts the banking market, and it encourages unhealthy risk-taking. A lot of research about #TBTF has been published during the past decades, but it didn't get much attention. Therefore we compiled a paper with numerous sources (in German): https://t.co/uHkDpfurZ8

Twitter (GenoverbandL) | 13.09.2018

Klare Haltung beim heutigen Austausch mit dem sächsischen Landesbauernverband zur #GAP2020 Agrargenossenschaften müssen endlich auch auf EU-Ebene anerkannt und mit kooperativen Betriebsformen wie der Cooperative Agricole Braccianti in Italien gleichbehandelt werden.@EU-Commission https://t.co/ENtJU7gsLL

Twitter (schulte_stef) | 12.09.2018

New Century Financial, an US subprime mortgage lender, filed for bankruptcy in April 2007: https://t.co/sK6oa497cX https://t.co/ohxspwAllq

Twitter (GenoverbandL) | 12.09.2018

Und noch eine Ehrung: Anlässlich des 100-jährigen Bestehens der Forster Winzerverein eG überreichte Bereichsleiter Ralf Schnippengerd die Jubiläumsurkunde des Genossenschaftsverbands an den Vorstand & Geschäftsführer Dietmar Bonn. Zum runden Geburtstag gratulieren wir herzlich! https://t.co/DMJWH0Zx3L

Twitter (schulte_stef) | 12.09.2018

"A decade after Lehman Brothers declared bankruptcy, many problems of the European financial system remain unresolved" writes @MRVAssociates. One of those problems is #TooBigToFail (with quotes from us): https://t.co/ZWQmWICWsf

Twitter (GenoverbandL) | 12.09.2018

Im Rahmen unserer Regionaltage in #NRW wurde Ministerpräsident @ArminLaschet mit der Ehrenmedaille des Genossenschaftsverbands ausgezeichnet. Laschet erhielt die Ehrung für seine Verdienste um die Förderung des Genossenschaftsgedankens. https://t.co/NlB8NyWTUO

Twitter (schulte_stef) | 11.09.2018

The term "#shadowbanking system" was probably coined by @PIMCO eleven years ago, in September 2007 (https://t.co/QSnxu0H04p) - and shadow banking is now considered one of the main contributors to the financial crisis. https://t.co/a5rx0dJnAC

Twitter (schulte_stef) | 11.09.2018

Since 2008, when #Lehman went bankrupt, #shadowbanking in Europe has grown considerably - and in the Euro area, it grew by another 1.2% in 2017, as this new report shows: https://t.co/Ba1rWrL14r https://t.co/mLf7ZEjxLC

Twitter (schulte_stef) | 09.09.2018

For German-speaking readers: On the occasion of the tenth anniversary of the collapse of #Lehman, we have published five infographics about the financial crisis and its effects, the #TBTF problem and the stabilizing role of German cooperative banks! https://t.co/FYzYedaXIX https://t.co/PRlemXAMuX

Twitter (schulte_stef) | 09.09.2018

After the rescue of U.S. bank Continental Illinois in 1984, eleven banks were named as "Too Big To Fail". Their stock prices "rose 1.3 percent immediately after they were named." https://t.co/rqHdL6Om2F #TBTF

Twitter (schulte_stef) | 09.09.2018

Ten years after #Lehman, the US derivatives market remains dominated by a few banks: "[...] four large commercial banks represented 89.4 percent of the total banking industry notional amounts and 85.9 percent of industry net current credit exposure [...]" https://t.co/elI2Do79iS https://t.co/alkcOyQXu9

Twitter (schulte_stef) | 09.09.2018

When #Lehman went bankrupt in 2008, many people seemed surprised about the "Too Big To Fail" problem. However, it was already well researched (but banking regulators didn't act upon it). Here is a list of 25 papers about #TBTF from the 1990s: https://t.co/GvNaJvVN3y

Twitter (schulte_stef) | 09.09.2018

In the United States, a strong increase in market concentration had preceded the #Lehman crisis. In 1990, the five largest U.S. banks had a market share of only about 10%. By 2008, it was about 40%: https://t.co/6uDnYjkWZ7 https://t.co/viGVjPbmx1

Twitter (schulte_stef) | 09.09.2018

During the 10 years since #Lehman, the largest EU banks have continued to gain market share. Market share (total assets) of the 5 largest banks (2017): Germany: 30% (2008: 23%) Italy: 43% (2008: 31%) Spain: 64% (42%) Portugal: 73% (69%) Greece: 97% (70%) https://t.co/dluXoBQ6Be

Twitter (schulte_stef) | 09.09.2018

After the U.S. housing bubble burst, many people lost their homes again. In the second quarter of 2016, the homeownership rate in the U.S. dropped to its lowest level since 1965. https://t.co/G0vrZkh7dY #Lehman https://t.co/FwlmxNi5ws

Twitter (ener_geno) | 07.09.2018

🌬️☀️Energiegenossenschaften haben 2017 ca. 2 Mio t CO2 eingespart. Das entspricht dem CO2-Verbrauch von 1 Mio Menschen, die von DUS nach NYC fliegen. https://t.co/tynC3mOHCO

Twitter (GenoverbandL) | 07.09.2018

#Dürre #Dürrehilfen Genossenschaftsverband – Verband der Regionen e.V. beschließt Maßnahmenpaket für seine Mitglieder #Landwirtschaft. Hierzu der Vorstandsvorsitzende Ralf W. Barkey im Blogbeitrag: https://t.co/DIEID0SPJv

Twitter (ener_geno) | 06.09.2018

Die Zukunft kann kommen! Großartige Ideen für #Erneuerbare Energien auf dem Internationalen Bürgerwind-Symposium in Bonn. Ganz vorne dabei unsere BürgerEnergieGenossenschaften aus Schmerlecke, dem Rhein-Sieg Kreis und Haltern am See!

Twitter (GenoverbandL) | 03.09.2018

Für das neue Amt als Minister für Energiewende, Landwirtschaft, Umwelt, Natur und Digitalisierung in Schleswig-Holstein viel Erfolg @JanAlbrecht! Wir freuen uns auf die Zusammenarbeit! Neuer Minister Albrecht will "einen draufsetzen" https://t.co/0F0FNku8FN

Twitter (schulte_stef) | 03.09.2018

Some German politicians, including @OlafScholz, claim that Germany needs bigger banks to "support the real economy". The data shows a different picture. Domestic business loans as a share of total assets: Big banks: 9.4% Local cooperative banks: 28.8% https://t.co/U32SUX2Pr1

Twitter (schulte_stef) | 02.09.2018

"This finding is important considering that banking system consolidation has been put forward as a solution for banks to return to adequate profitability levels. As we show, it is not clear that these gains exist for the average bank [...]": https://t.co/1OpLlYoTa5 https://t.co/9K2y1T76RE

Twitter (schulte_stef) | 02.09.2018

Bigger might not be better in banking: "economies of scale remain elusive for the average bank" (despite "some evidence of potential savings for the smaller banks in the sample"), according to this @bancodeportugal working paper: https://t.co/1OpLlYoTa5 https://t.co/cuV4hn7xIH

Twitter (schulte_stef) | 02.09.2018

Contrary to popular belief, the housing bubble in the U.S. might have hurt lower-income borrowers even before it burst: https://t.co/hVI5yQokBg https://t.co/2Fhr76eH7B

Twitter (schulte_stef) | 02.09.2018

"The shift [from active to passive investing, e.g. through ETFs] has probably reduced liquidity transformation risks, although some passive strategies amplify market volatility, and passive-fund growth is increasing asset-management industry concentration" https://t.co/H1ofLhPqxW

Twitter (schulte_stef) | 02.09.2018

Unsurprisingly, high homeownership rates are risky for an economy if the housing sector is susceptible to speculative bubbles. https://t.co/8agisxd9EZ https://t.co/AmBYTw53tt

Twitter (schulte_stef) | 02.09.2018

See also: "(...) more specialised banks suffered less volatility and lower exposure to systemic risk", "(sectoral) specialisation can [...] result in lower information frictions between banks and borrowers" https://t.co/C2ESbe0uDZ https://t.co/qZKFFUEzeq

Twitter (schulte_stef) | 02.09.2018

"[...] a bank with lending concentration is able to develop valuable expertise that actually makes lending more efficient." However, there is a caveat: "[...] at some point the increasing risk of concentration surpasses the benefits of expertise": https://t.co/zfftUrhlg1 https://t.co/RGYrammxbX

Twitter (ener_geno) | 01.09.2018

Meteorologisch ist der Sommer passé. Im Schnitt 770 Sonnenstunden in D. Ambivalenter Rekord.

Twitter (GenoverbandL) | 29.08.2018

Happy birthday, Hermann Schulze-Delitzsch🥳! Heute vor 210 Jahren erblickte einer der zentralen Wegbereiter der #Genossenschaften das Licht der Welt! https://t.co/hKjnjAdBxN

Twitter (schulte_stef) | 25.08.2018

"At the end of 2016, [the four largest U.S. banks] account for 60% of total assets but 75% of the expected capital shortfall of commercial banks" in the sample of 31 banks studied here (p. 27): https://t.co/zQtW8sZ0BV ht @RePEc_NEP_BAN #TBTF https://t.co/bWo0Ysj09i

Twitter (schulte_stef) | 25.08.2018

"At the end of 2016, [the four largest U.S. banks] account for 60% of total assets but 75% of the expected capital shortfall of commercial banks" in the sample of 31 banks studied here (p. 27): https://t.co/zQtW8sZ0BV ht @RePEc_NEP_BAN #TBTF https://t.co/ftNaCjtD7u

Twitter (schulte_stef) | 25.08.2018

"Accordingly, short distance tends to be a key competitive advantage of regional banks [...]": https://t.co/IlH4z79YZa https://t.co/0fC4EgH6e8

Twitter (schulte_stef) | 25.08.2018

Why small banks usually lend more to SMEs than large banks do: "[...] the ability of regional banks to decide on credit at a short distance enables profitable lending to informationally opaque SMEs [...] by utilising soft information": https://t.co/IlH4z79YZa https://t.co/Av65PYWxPq

Twitter (schulte_stef) | 25.08.2018

In the United States, about 42% of all small loans to businesses are from small local banks (community banks) - even if they hold only about 13% of banking assets. https://t.co/jfAZjALZLI https://t.co/kfilxsdw8o https://t.co/POKkSdeZkI

Twitter (schulte_stef) | 25.08.2018

Data from the United States: At the peak of the financial crisis, bailouts for the financial sector were about 8% of U.S. GDP - by order of magnitude more than transfers to households and the corporate sector: @stlouisfed https://t.co/IlP8xnOOhL https://t.co/amnQNAP2Pk

Twitter (GenoverbandL) | 22.08.2018

Heute zu Gast im sächsischen Radebeul zur Zukunftskonferenz #SIMUL. Es sollen Innovationen vorangetrieben und der ländliche Raum gestärkt werden. Ministerpräsident Kretschmer @MPKretschmer hält gerade das Eingangsstatement. Wir sind gespannt.

Twitter (GenoverbandL) | 22.08.2018

Hilfe ist in Sicht! @juliakloeckner sagte heute 340 Mio. Euro #Dürrehilfen zu. Ein positives Zeichen! https://t.co/FZXngE5PWe

Twitter (schulte_stef) | 19.08.2018

#Shadowbanks in all 12 eurozone countries examined in this paper "increased their asset growth rate after [expansionary] conventional monetary policy shocks" (which might harm financial stability, especially when macroprudential measures target only banks) https://t.co/G0ii2CSssS https://t.co/Ncc2Mov7zU

Twitter (schulte_stef) | 19.08.2018

During the early stages of housing bubbles, lending to the housing sector crowds out credit to other companies. Later in the bubble, everybody gets credit easily, because financial institutions appear "wealthier" (true at least until the crash...!): https://t.co/06WZKckkRQ https://t.co/qT10oE0uar

Twitter (schulte_stef) | 19.08.2018

Paper shows market distortions created by bank bailouts - one consequence: Higher lending in the home-representative’s congressional district "improved the electoral prospects of incumbents while also reducing the quality of banks’ mortgage portfolios" https://t.co/VOXSXDhvEN https://t.co/G8t3ENDA2l

Twitter (schulte_stef) | 19.08.2018

"Political Borders and Bank Lending in Post-Crisis America" (November 2017 version) is available without a paywall here: https://t.co/hG8k0Gg73w https://t.co/vHWsstabr2

Twitter (schulte_stef) | 19.08.2018

Anyone who claims that bitcoin follows a similar philosophy as cooperatives ("one member, one vote") needs to keep this in mind: Bitcoin mining is very centralized at present. https://t.co/mbJrEv8SZ4 https://t.co/VeGo2YUH3o

Twitter (schulte_stef) | 19.08.2018

ICYMI: Bitcoin creator Satoshi Nakamoto "[...] described the blockchain consensus protocol as 'one-CPU-one-vote'. However, it does not correspond to Bitcoin mining at present; the most efficient chips are ASICs [...] useful only for Bitcoin mining" https://t.co/DdCglkLXyN https://t.co/B1N20IJqvk

Twitter (schulte_stef) | 19.08.2018

"Without the large adverse financial shocks experienced in 2007 and 2008, the behavior of GDP would have been very different. It would most likely resemble the less severe 1991 recession, with GDP declining by only 1.5% [...]": https://t.co/Pe7O4janfY https://t.co/bZDETCZvic

Twitter (GenoverbandL) | 17.08.2018

Risikoausgleichsrücklage heißt jetzt Klimarücklage. Gerne, so lange die landwirtschaftlichen Betriebe im Risikomanagement nun zielgerichtet und langfristig unterstützt werden! @JuliaKloeckner @GittaConnemann @rainerspiering https://t.co/aN38uJjuv5

Twitter (ener_geno) | 17.08.2018

Bürgerenergiegenossenschaften als wichtige Akteure auch im RLP-Klimaschutzbericht: Zusammen mit anderen leisten sie "durch ihr vorbildhaftes Engagement einen wertvollen Beitrag für mehr Klimaschutz im Land." @UmweltRLP https://t.co/kMdhKwL4HB https://t.co/a06HjvaHLP

Twitter (ener_geno) | 16.08.2018

Impuls für EEG-Novelle nutzen, Verteilnetze mitdenken und Wege finden, wie die die Bevölkerung über Genossenschaften Stromnetze selbst betreiben kann: https://t.co/tOyFBVGfnn

Twitter (GenoverbandL) | 15.08.2018

#Dürre #Futtermittelknappheit In unserer online-Futtermittelbörse können Sie als Mitglied Futtermittel anbieten oder als betroffener Betrieb selbst entsprechende Gesuche einstellen. Weitere Informationen erhalten Sie hier: https://t.co/szyqpLlzl6 https://t.co/0647HvYeDv

Twitter (GenoverbandL) | 13.08.2018

#Dürreschäden #soforthilfen Betriebe müssen jetzt schnell Klarheit und Unterstützung bekommen! Es braucht aber auch langfristige Maßnahmen: Risikomanagement und steuerfreie Rücklagen, mehr spezifische Forschung, besserer Klimaschutz und Futtermittelbörsen. https://t.co/MmeWA5A2hN https://t.co/oTgToNHp4s

Twitter (schulte_stef) | 12.08.2018

22 out of the 26 central counterparties surveyed are exposed to ten or more global #TBTF banks, the report finds: https://t.co/E5GgGAcMsi https://t.co/8aytsFMNGU

Twitter (schulte_stef) | 12.08.2018

#Systemicrisk: At least 16 of the 26 central counterparties used e.g. for over-the-counter derivatives trades "could be impacted by the default of any of the 11 largest clearing members" (many of which are large banks) https://t.co/btL6Rms6GP #TBTF https://t.co/VCEcXSSzN6

Twitter (schulte_stef) | 12.08.2018

A 2016 Harvard poll finds that only 11 percent of millennials "trusted Wall Street to do the right thing 'most of the time', a number that shrinks to 2 percent when 'all of the time' is surveyed": https://t.co/ibFP6F6Tzj https://t.co/nCRambFcbi

Twitter (schulte_stef) | 12.08.2018

The federal deficit was close to 10 percent of GDP in 2009, but if most of the financial assets purchased and guaranteed by the government during the financial crisis had failed, "the deficit could have been almost twice as large": https://t.co/NXD8FMW1Dl #TBTF https://t.co/XOqAPWYdBu

Twitter (schulte_stef) | 12.08.2018

Published in 2016: "Polarization in Congress has increased steadily over the past four decades, but our research suggests that it rose more sharply after banking crises and market crashes. And this pattern extends beyond the US [...]" https://t.co/RcXuEHJRIK https://t.co/X1eTXOdxXa

Twitter (ener_geno) | 10.08.2018

Vorteil von Energiegenossenschaften in RLP & anderswo: "Die Wertschöpfung verbleibt in der Region und Beschäftigungsmöglichkeiten werden generiert." @ulrikehoefken @UmweltRLP @MVB @SOLIXENERGIE @TRENEGeG @urstrom @vrbanksuedpfalz https://t.co/LLPlJ596RG

Twitter (ener_geno) | 09.08.2018

"[...], dass je größer die Möglichkeiten zur finanziellen und demokratischen Teilhabe sind, desto größer ist die Befürwortung der Bevölkerung für den lastnahen Ausbau der Erneuerbaren." - Malte Zieher & @bundnis. eG eignet sich dafür prima. @BG_Energie https://t.co/nVVW5omdpS

Twitter (schulte_stef) | 07.08.2018

"In 2015, the top 200 [listed firms in the U.S.] by earnings had total earnings exceeding the total earnings of all public firms combined. In other words, the total earnings of the 3,281 firms that were not in the top 200 firms by earnings were negative": https://t.co/Nj5EB5Ez4K https://t.co/k3IrFNDWN8

Twitter (schulte_stef) | 05.08.2018

Data from U.S.: "By 2016, the three oldest groups of families—those born in the 1930s, 1940s and 1950s—had all returned to above-expected median wealth. However, the three youngest—those born in the 1960s, 1970s and 1980s—were still below those benchmarks" https://t.co/bzvqoctens https://t.co/HglKBKieD3

Twitter (schulte_stef) | 05.08.2018

Bernanke in May 2007: "we do not expect significant spillovers from the subprime market [...] Past gains in house prices have left most homeowners with significant amounts of home equity [...]": https://t.co/ON3HeQTqii (unfortunately, he turned out to be very wrong) https://t.co/PKQQaNoclM

Twitter (ener_geno) | 03.08.2018

"Energiegenossenschaften leisten einen wichtigen Beitrag bei der Umsetzung einer dezentralen Energiewende unter Beteiligung der Menschen vor Ort." Danke, Bundesregierung. Bitte bei EEG-Novelle bedenken, @peteraltmaier @BMWi_Bund https://t.co/AGIrWKXq7W

Twitter (ener_geno) | 02.08.2018

💡Lichtblick im Schlamassel von Stellenabbau+schlapper Energiewende: Gemeinde #Saerbeck erhält @_DNP_ ! 👏Klein, oho, und mit "internationaler Strahlkraft". 💪In der #Genossenschaft partizipieren+profitieren die Bürgerx. https://t.co/l7JIedygwA @HeinenUlla @a_pinkwart @BMWi_Bund

Twitter (ener_geno) | 02.08.2018

Welch Ironie: #EarthOvershootDay und diese Mitteilung in einer Woche... 🧐What they said ⬇️: Mit EEG, LEP und Co die #Energiewende fördern, nicht mit Unsicherheit kaputtmachen. https://t.co/rwLPyZeaVu

Twitter (schulte_stef) | 01.08.2018

Interesting criticism of capital markets-oriented accounting standards such as IFRS (and the "Big Four" accountancy firms): https://t.co/SFDOOEpibb https://t.co/iygrZf6XNf

Twitter (ener_geno) | 01.08.2018

1987 war der internationale #EarthOvershootDay am 19. Dezember... In nur 31 Jahren ist er über 4,5 Monate im Kalender nach vorn gewandert. 😥Alle so 😱, aber immer noch zu wenig Rückenwind für die #Energiewende. @a_pinkwart @peteraltmaier @BMWi_Bund https://t.co/u0l6NT96Wv

Twitter (schulte_stef) | 29.07.2018

"In short, modern humans - uniquely - are productive because they engage in co-operative activity": @ProfJohnKay https://t.co/rhiHEzwgnC https://t.co/FwsJOSDMxT

Twitter (schulte_stef) | 29.07.2018

"[...] if you package something rated BB- or below into a security that gets an AAA rating, then there is a fortune to be shared, by all except those who signed the original BB- obligations": @PerKurowski https://t.co/JHyJ9F91NE https://t.co/gK7iGM7pL9

Twitter (schulte_stef) | 29.07.2018

"[...] in periods of falling deposits, higher market power for the average bank would be associated with a greater fall in lending resulting in amplification of adverse effects as deposits fall during relatively bad times": https://t.co/9QrgOQ41v3 https://t.co/eYe2YHgYJb

Twitter (schulte_stef) | 29.07.2018

Lending decisions in the subprime mortgage industry were made by underwriters (e.g. investment banks), but external investors took most of the risk. This contributed to information asymmetries and moral hazard. https://t.co/Wvz6HVwPeD https://t.co/lUsLZELNrN

Twitter (schulte_stef) | 29.07.2018

During the crisis, @federalreserve created an alphabet soup of emergency lending programs. Unlike TARP (established by the U.S. government), they received little public attention. This post reminds us of TAF, TSLF, TOP, PDCF, AMLF, CPFF, MMIFF and TALF. https://t.co/3vqUE1pbLq https://t.co/eFWlnALHcY

Twitter (schulte_stef) | 29.07.2018

During the financial crisis, many #shadowbanks received support from the @federalreserve. Examples include Bear Stearns (which was regulated as an investment bank, not a commercial bank), insurance company AIG and U.S. money market funds. https://t.co/UYrbiJ2plo #TBTF https://t.co/bjAodoQURy

Twitter (schulte_stef) | 29.07.2018

The investment bank Bear Stearns, the insurance company AIG and U.S. money market funds weren't officially considered (commercial) banks - yet they were bailed out during the crisis, too: https://t.co/92TFJac7gi #Shadowbanking https://t.co/bjAodoQURy

Twitter (schulte_stef) | 29.07.2018

Succinct description of the #TooBigToFail problem and how it distorts competition: @FedHistory https://t.co/oFmTiK06xh https://t.co/c2UP3HMgtk

Twitter (schulte_stef) | 25.07.2018

"Basel II had it that if a European bank made a loan to a medium and small business, an entrepreneur or a start up, then it needed to hold 8 percent in capital [...] if it purchased AAA rated securities, then it needed to hold only 1.6 percent in capital": https://t.co/KkyHWwK9Mo https://t.co/d3oYFYosPt

Twitter (schulte_stef) | 25.07.2018

Interesting data from the time of the financial crisis: "European banks had claims of $856 billion on US borrowers in 2002, but this grew to over $2 trillion by 2007 [...] associated with the rapid growth of the asset-backed securities issuer sector [...]" https://t.co/lvF7cnY16S https://t.co/LwwAyxyLyw

Twitter (ener_geno) | 24.07.2018

Ein Vorteil von #Hitze und 🐕stagen: Sehr viel Solarenergie! Z. B. 48 T kWh/a auf den Dächern der Wohnungsgenossenschaft Agora in @stadtdarmstadt. Tolle Kooperation mit der #Energiegenossenschaft 💪@Echo_Online @jochenpartsch @gruenehessen @hmwevl @talwazir

Twitter (schulte_stef) | 23.07.2018

It's an interesting story. However, important to point out that with total assets of ~$45bn, Signature wouldn't be considered "small" by German or European standards. https://t.co/aNbxAsISe5 The @ECB treats all banks with more than €30bn in assets as "significant". https://t.co/iqb1CJnxfa

Twitter (schulte_stef) | 22.07.2018

See also: "[...] authorities are found to be more prone to provide support to a distressed institution which is well-connected with politicians and political parties and less prone to let it go bankrupt." https://t.co/25xkPfKtlZ #TBTF https://t.co/hA2O4DSLk3

Twitter (schulte_stef) | 22.07.2018

Large bailouts may be used to prevent systemic crises, but they can also be the result of corporate lobbying, this paper reminds us: https://t.co/1WqI94CeMd #TBTF https://t.co/D7ZO8g0R8w

Twitter (schulte_stef) | 22.07.2018

"[...] as loan growth outpaced the growth of deposits, more funding came from investors outside Spain, for instance, through the issuance of long-term covered bonds that were bought by investors elsewhere in the euro area" => more instability https://t.co/uOpHZ9w23c https://t.co/yNzo8MWCii

Twitter (schulte_stef) | 22.07.2018

Between 1998 and the crisis year 2008, "bank lending in Spain rose almost fivefold to €1.87 trillion. Loans unrelated to the property sector grew modestly, but property-related lending grew very rapidly": https://t.co/uOpHZ9w23c https://t.co/MtiRkx9E8v

Twitter (ener_geno) | 20.07.2018

Letzten Monat Startschuss für @urstrom Mobil e-CarSharing in Bürgerhand aus @mainz_de , jetzt als Paradebeispiel der #Energiewende in der @IrishTimes - 👏@griegerk @Buergerwerke @SWRAktuellRP @aznachrichten @FM_RLP @Wissing @MWVLW_RLP https://t.co/VVuNHklaZp https://t.co/TGKxaq6Z8j

Twitter (schulte_stef) | 19.07.2018

The € area banking sector, on the other hand, is really that concentrated: The five largest banks make up 48% of the Eurozone banking assets (2008: 44%). https://t.co/ckfuQwRiDW https://t.co/g7B37M5TAS

Twitter (schulte_stef) | 18.07.2018

Number of Germans who own stocks: 10 million (-0.3 million since 2007) Number of Germans who are members of a cooperative bank: 18.5 million (+2.4 million since 2007) https://t.co/cGOTgVpORe https://t.co/QeMVUfjh0S https://t.co/5ACbzva4Gh

Twitter (schulte_stef) | 18.07.2018

German cooperative banks (which were already well capitalized) have added more equity in 2017, and they were solidly profitable again: https://t.co/wUgXDgYAwF Their profits benefit 18.5 million cooperative members, and the number of shares per person is limited => more equality! https://t.co/KCUq5yMxXK

Twitter (ener_geno) | 18.07.2018

Herzlichen Glückwunsch! 🎉PV ✅Wind ✅BHKW ✅... #Bürgerenergie bleibt Schlüssel für eine erfolgreiche #Energiewende. @WirtschaftNRW @fdp_nrw @a_pinkwart @peteraltmaier https://t.co/RU2CdaXbrS

Twitter (ener_geno) | 16.07.2018

Der Mix macht's bei der Energiegenossenschaft Alzeyer Land: Expansion dank #Solarenergie in @AlzeyWorms. 32 Anlagen schaffen für 335 Mitglieder und gleichen Schwierigkeiten bei der #Windenergie aus. Bessere politische Bedingungen müssen her! @aznachrichten @VBAlzeyWorms

Twitter (schulte_stef) | 15.07.2018

"The recessions that surround financial crises are longer and deeper than the recessions surrounding non-financial crises", and the slow recovery from the 2008 crisis shouldn't have come as a surprise: It is "in keeping with historical patterns" https://t.co/DWJaSrZkw1 https://t.co/pLgMWl2cGN

Twitter (schulte_stef) | 15.07.2018

A high level of bank profitability "is only growth-enhancing in the short run" - one possible reason given in the paper: Very profitable banking systems tend to be highly concentrated, and less competition leads to less lending. https://t.co/00F3hfYVnJ https://t.co/AmUmFfZsTw

Twitter (schulte_stef) | 15.07.2018

Paper checks are still relatively common in the United States and in France. In Germany and in many other European countries, they almost extinct, though: https://t.co/yVbsez6Ufn https://t.co/H2HzfUdMAy

Twitter (schulte_stef) | 15.07.2018

Why isolated "CSR" activities may not make a company more ethical: "[...] company-sponsored social initiatives can trigger poor employee performance because doing good deeds in one area encourages the employee to behave unethically in another [...]" https://t.co/jLrVKUuuf2 https://t.co/Sqqffgls8o

Twitter (schulte_stef) | 15.07.2018

Information asymmetries are also the reason why in traditional SME financing, lending relationships with (often small and local) banks matter so much: https://t.co/9a1tBAff1D https://t.co/4UV5Qvl1rg

Twitter (schulte_stef) | 15.07.2018

"In the absence of a mechanism for surfacing reliable information about startups through offline due diligence [...] the market unravels and only startups that already have very high signals of quality beforehand receive funding": https://t.co/ZZBNWiEx4v https://t.co/4UV5Qvl1rg

Twitter (schulte_stef) | 15.07.2018

"[...] one of the reasons why equity platforms have failed to substantially lower barriers to entry is because they [...] have ignored the idiosyncratic needs of a market where information asymmetry between buyers and sellers is extremely high": https://t.co/ZZBNWiEx4v

Twitter (schulte_stef) | 15.07.2018

"Online Syndicates and Startup Investment" is available without a paywall here: https://t.co/ZZBNWiEx4v https://t.co/psLwzbLpDg

Twitter (ener_geno) | 12.07.2018

Geplante Änderungen im LEP #NRW und wie wir dazu stehen: https://t.co/1z7cv470DO Lasst uns den Wind nutzen, damit die #Energiewende funktionieren kann! Seid für die Kommunen und ihre Bürgerx da! @a_pinkwart @fdp_nrw @CDUNRW_Fraktion @BOperhalsky @LEE_NRW

Twitter (ener_geno) | 11.07.2018

Lichtblick im #Fadenriss Szenario: 600 T kWh/a Sonnenstrom, min. 300 t CO2-Einsparung: Die 17. PV-Anlage der 840 Mitglieder der Energiegenossenschaft Starkenburg ist echt stark. @StadtHeppenheim @Online_SHM @Echo_Online @SPD_Heppenheim @cdu_hessen @gruenehessen

Twitter (GenoverbandL) | 10.07.2018

Nach der ablehnenden Haltung der SPD-Bundestagsfraktion zu den Direktzahlungen #GAP #GAP2020, ein klares Bekenntnis von Staatsekretär Hans-Joachim Fuchtel @fuchtel Die erste Säule muss bestehen bleiben! https://t.co/Na3d4w0u0A

Twitter (GenoverbandL) | 10.07.2018

"Politik trifft Praxis" ist heute im @Bmel zu Gast. Wir freuen uns auf eine spannende Diskussion mit Staatssekretär Hans-Joachim Fuchtel zu #GAP #GAP2020

Twitter (ener_geno) | 09.07.2018

Gute Zahlen für einen guten Wochenstart: Aktuell gibt es mehr als 850 Energiegenossenschaften in Deutschland. Fast 70 % davon wurden von Bürgerinnen und Bürgern gegründet. #Energiewende at its best. @Buergerwerke @tazgezwitscher @HNA_online @presseunikassel

Twitter (schulte_stef) | 08.07.2018

"[...] policymakers may make the promise to bail in a troubled bank but, in a crisis, they will be tempted to bail them out. So people will not believe that bail-ins will happen and continue to expect bail-outs" => "the worst of both worlds": https://t.co/ds3zbiE3mv #TBTF

Twitter (schulte_stef) | 08.07.2018

In the United States, banks matter much more for SME financing than capital markets, and about 43% of all small loans to businesses are from local community banks (more than three times their market share with regards to total assets): https://t.co/KQ37IoGOtz https://t.co/h522noFAFm

Twitter (schulte_stef) | 08.07.2018

Nouy claims that EU Capital Markets Union could create better financing options for SMEs: https://t.co/3qJN1vSRL6 However, even in US, SMEs mostly rely on banks, and it is argued that cap. markets are "unlikely to have much direct benefit for small firms": https://t.co/VOCsdypDIr https://t.co/ugZtMeDbSF

Twitter (schulte_stef) | 08.07.2018

"The greater a bank’s market share, the higher the interest rates it charges on loans to SMEs", Nouy reminds us: https://t.co/3qJN1vSRL6 Unfortunately, despite the obvious need for small banks, their number in the € area has decreased by 30% since 2008: https://t.co/l5egP41jtW https://t.co/ugZtMeDbSF

Twitter (ener_geno) | 07.07.2018

🎉Happy Internationaler Tag der Genossenschaften! 🤗

Twitter (ener_geno) | 06.07.2018

12. #EKI-Fachforum“#Energiewende braucht #Bürgerbeteiligung“ in Rendsburg zum Tag der internationalen #Genossenschaften: #Bürger bekommen Unterstützung bei neuen nachhaltigen Projektvorhaben mit lukrativen Anschubsfinanzierungen über den neuen #Bürgerenergiefonds. https://t.co/O2O9XXf0DW

Twitter (ener_geno) | 05.07.2018

They see me rollin'... Bürger-Windrad Nr. 1 dreht sich dank der EnGeWe UND der Zustimmung der Bürgerinnen und Bürger im Landkreis Hameln-Pyrmont! #Bürgerenergie @NeueWocheVerlag

Twitter (ener_geno) | 04.07.2018

Multimedia-Reportage über eine der größten Energiegenossenschaften in NRW, die Energiegenossenschafte Paderborner Land: https://t.co/5XpAtqWWKw

Twitter (ener_geno) | 03.07.2018

Mehr als 1 Mio kWh selbst erzeugter Ökostrom von der #Bürgerenergie Genossenschaft aus #Harsewinkel. Stark! Energiewende aus Bürgerhand lohnt sich und funktioniert. Das muss man bei der Novelle des #EEG berücksichtigen! @DieGlocke @peteraltmaier @a_pinkwart

Twitter (schulte_stef) | 01.07.2018

George Bailey is the main protagonist in the 1946 American film "It's a Wonderful Life" - small U.S. banks featured in popular culture! https://t.co/Xp2o3I5eSH https://t.co/Zzfc4ok6Gc

Twitter (schulte_stef) | 01.07.2018

"We observe an even stronger result (with larger decline in [small business lending] in the target’s local community) when the acquiring bank is a large bank": https://t.co/WUeMFvIhMH https://t.co/prHsl6vxTF

Twitter (schulte_stef) | 01.07.2018

"Overall, we find evidence that local community banks have continued to play an important role in providing funding to local small businesses": @philadelphiafed https://t.co/XY1WVBbiak https://t.co/prHsl6vxTF

Twitter (schulte_stef) | 01.07.2018

New @philadelphiafed paper shows why small independent banks are important: "The absence of local community banks that became a target of a merger or acquisition by nonlocal acquirers has, on average, led to local [small business lending] credit gaps": https://t.co/XY1WVBbiak

Twitter (schulte_stef) | 01.07.2018

"[...] credit booms marked by a rising share of junk bonds were followed by lower economic growth over the following three to four years. When the high yield share of debt rises by one standard deviation [...] GDP growth over the next three years is lower by 2 percentage points." https://t.co/GkbByvwbrT

Twitter (ener_geno) | 27.06.2018

Energiegenossenschaft Isselburg hat's und packt's drauf: PV-Anlagen auf öffentlichen Gebäuden in Isselburg und Werth. Fortsetzung folgt demnächst in Bocholt. @NRZNiederrhein

Twitter (GenoverbandL) | 27.06.2018

GV und AWADO besuchen und beraten eine Kaffeegenossenschaft in São Paulo im Rahmen des vom BMEL geförderten DGRV-Brasilienprojekte #InternationalesGenossenschaftswesen https://t.co/53K1zkniZ8

Twitter (schulte_stef) | 24.06.2018

"We find that, quantitatively, about half of the elevated market values of banks from the mid-1990s to 2007 arose from the ability of bank equity holders to capitalize the value of the government safety net": https://t.co/7q6NIMejgH #TooBigToFail

Twitter (schulte_stef) | 24.06.2018

"Government Guarantees and the Valuation of American Banks" is available without a paywall here: https://t.co/BcF0cVBCtV https://t.co/2FAZRbTxhb

Twitter (schulte_stef) | 24.06.2018

"The problem is that, while only a few bubbles create something worthwhile, all are destructive - of value, wealth, and trust in institutions": @IMFNews https://t.co/C9lDdl3szy

Twitter (schulte_stef) | 24.06.2018

"This provides a stock of greater fools to keep the speculative engine running and, in the short term, reassures the rich that they are in fact smarter than the rest": https://t.co/C9lDdl3szy https://t.co/Xgj3p90V7Z

Twitter (schulte_stef) | 24.06.2018

"Galbraith noted that people often think that 'the more money, the greater the achievement and the intelligence that supports it.' Rich people receive adulation for being rich, and those less well-off follow in their footsteps" & make the same investments: https://t.co/C9lDdl3szy https://t.co/q9Zkiug8dS

Twitter (schulte_stef) | 24.06.2018

In the US, "average student loan levels surged from $4,200 for Gen X to $14,700 for millennials. Because of the smaller average value of housing assets for millennials, the level of mortgage debt was also smaller at $43,000 compared to $49,000 for Gen X": https://t.co/e2tq2FeGUZ https://t.co/28SfXsoajE

Twitter (schulte_stef) | 24.06.2018

Corporate bond ETFs can be convenient for investors. However, they can also create additional systemic risk, as @BIS_org warns: https://t.co/ejKWXzV3Mw https://t.co/zZmoiSf5j8

Twitter (ener_geno) | 22.06.2018

100 #PV-Anlagen in 8 Jahren! Das ist etwa 1 Anlage im Monat! Wir sind begeistert und gratulieren der #BEG-58 herzlich zu diesem Meilenstein! https://t.co/rdjmAjP6mu

Twitter (ener_geno) | 22.06.2018

Auf Wunsch der Mitglieder: Neue Windmühle für "Unsere Münster-Energie"! Die vier WKA produzieren nun Strom für rund 6.000 Haushalte. Das spart über 14 t CO2. Genossenschaftlich, bürgerschaftlich, demokratsich und gut für's Klima. @WN_Redaktion @stadtwerke_ms

Twitter (ener_geno) | 20.06.2018

Bürgerenergie startklar für die Mobilitätswende: Die BERMeG investiert in 9 Elektroladesäulen in Mörfelden-Walldorf und beliefert die Stromtankstellen zu 100% aus Ökostrom & teilweise eigenen EE-Anlagen. Bürger können darüber hinaus ein E-Carsharing des Partners mobileeee nutzen. https://t.co/ibeH4fHffB

Twitter (GenoverbandL) | 19.06.2018

Eine brasilianische Delegation informierte sich am Mittwoch in Düsseldorf über unseren Verband und über das Beratungsangebot für ländliche Warengenos. Um die Arbeit der Delegation praxisnah zu unterstützen, ist @VicDieckmann mit Kollegen & DGRV-Vertretern diese Woche in Brasilien https://t.co/2ZsMakj4el

Twitter (schulte_stef) | 17.06.2018

"In the EU, market-based financing of [SMEs] accounts for less than 15% of their total financing, and is very costly". Likely reason: Capital market instruments are not suitable for most SMEs. This is why we argue that Europe needs more small local banks: https://t.co/S5tQ8YEjwK https://t.co/TzBhypS7Ai

Twitter (schulte_stef) | 17.06.2018

"It is clear from Figure 8 that the Dutch single name [Credit Default Swap] market is highly concentrated: on both the buy and sell side the top five participants account for approximately 40 percent of the market": https://t.co/WIEgHQW80I https://t.co/UJsyv99IuY

Twitter (schulte_stef) | 17.06.2018

"The near-collapse of Bear Stearns, the default of Lehman Brothers, and the bail-out of AIG in 2008 highlighted the fact that Over-the-Counter (OTC) derivatives in general and credit derivatives in particular carry systemic risk": https://t.co/dbPPyRy2uR https://t.co/nzxzlDSJvg

Twitter (schulte_stef) | 17.06.2018

"In the run-up to the financial crisis, the global [Credit Default Swap] market grew substantially, from USD 6.4 trillion in 2004 to 58.2 trillion in 2007 [...]": https://t.co/dbPPyRy2uR #Derivatives https://t.co/MdBAI6EeX5

Twitter (schulte_stef) | 17.06.2018

"[...] benefits of the greater liquidity that large universal banks can provide to capital markets are offset by the dangers they create when they err" => one possible consequence: increased systemic risk https://t.co/FNSoDtDDos #TBTF https://t.co/gUq9T9opHj

Twitter (schulte_stef) | 17.06.2018

In 2017, more than 70% of small businesses in the U.S. were happy with credit unions or small banks. Only 49% were satisfied with large banks and only 35% with online lenders: https://t.co/1j7os5eb2w https://t.co/NfXhrRnkmB

Twitter (schulte_stef) | 17.06.2018

Here, @FedHistory argues that U.S. banks already became larger in 1984-1999, before Glass-Steagall was repealed: https://t.co/9JO27gWqJa We shouldn't forget that the "Too Big To Fail" principle was established in 1984, giving big banks a competitive edge: https://t.co/Y3YhCRLrfP https://t.co/xgJ95r4yov

Twitter (schulte_stef) | 10.06.2018

Agreed - generally, large banks don't lend as much to businesses as small ones, because other activities tend to be more profitable for them. "For large banks, business lending contributes to the rate of return on equity very little": https://t.co/RjZYkexm7v https://t.co/SirCgDUB9P

Twitter (schulte_stef) | 10.06.2018

"Multinational banks can swiftly transfer liquidity across borders through their internal capital markets but may face difficulties in allocating this liquidity to local firms" (because they know them less well than local banks do): https://t.co/fjSgJgW5dD https://t.co/qx3Cf368c4

Twitter (schulte_stef) | 10.06.2018

"Our research suggests that the credit crunch after the financial crisis [which occurred in the United Kingdom] is likely to have had a large impact on the supply-side of the UK economy, at least in the short-term": https://t.co/u2D1VMFJq4 https://t.co/tZUztaqMZa

Twitter (schulte_stef) | 10.06.2018

"For any innovation to seriously displace the existing model of deposit-taking lenders - who undertake maturity transformation, screen applications, monitor borrowers and bear the first loss of any bad loans − it has to address those problems better than the incumbent system" https://t.co/Q3FKAZXBz3

Twitter (schulte_stef) | 10.06.2018

"Student debt in the United States more than tripled between 2004 and 2016, increasing from $360 billion to $1.2 trillion. At the same time, homeownership rates of young Americans fell [...]": https://t.co/hI5KX7KlIC

Twitter (schulte_stef) | 10.06.2018

Excellent thread. https://t.co/HJhdwRHEjz

Twitter (ener_geno) | 08.06.2018

Das ging flott, #Bundestag und @bundesrat. Gesetz zur Novelle des #EEG beschlossen. Aber das kann erst der Anfang sein, so richtig hat man es nicht angepackt. Weiterhin wichtig: Klare Definition von #Bürgerenergie schaffen!

Twitter (ener_geno) | 08.06.2018

Von 0 auf 100 in der EEG-Novelle! Just im #Bundestag beschlossen, gleich als TOP 53 im @bundesrat. Mit echter #Bürgerenergie von #Genossenschaften für Akzeptanz bei den Menschen vor Ort. Unsere Pressemitteilung dazu: https://t.co/3eQF7dk7gA

Twitter (ener_geno) | 06.06.2018

Ah, endlich deutet sich Bewegung in der EEG-Novelle an. Weiterhin BImSchG-Pflicht für Bürgerenergieprojekte. Fadenriss und unechter Bürgerenergie vorbeugen - 👌

Twitter (ener_geno) | 06.06.2018

#EUSEW18 Award in der Kategorie Verbraucher für #Saerbeck: Herzlichen Glückwunsch an die Energie für Saerbeck eG und die ganze Klimakommune! @euenergyweek

Twitter (schulte_stef) | 04.06.2018

New @bundesbank discussion paper about the #shadowbanking sector "highlights the fragility of financial institutions holding complex and opaque securities that rely on a mix of market-based liquidity and third-party support to manage their funding risk": https://t.co/6t1xmuv3XS

Twitter (schulte_stef) | 04.06.2018

How Fed and U.S. Treasury tried to tackle the #shadowbanking crisis in 2007-2009 - interesting reminder from @bundesbank: https://t.co/7cJ9f4BUaB https://t.co/4BTEntznRM

Twitter (schulte_stef) | 03.06.2018

Of course, many people have always relied on authority figures or gone along with the majority. However, in the case of #Theranos, even people who made investment decisions worth millions or billions of dollars seem to have acted this way. @LiesNStartupPR https://t.co/b62CotCQvA https://t.co/RfxoTXLCUj

Twitter (schulte_stef) | 03.06.2018

"[...] technology has gone beyond the capacity for most people to be able to comprehend, even some otherwise very intelligent and educated ones" - which has led to over-reliance on authority figures and the 'wisdom of crowds': @LiesNStartupPR on #Theranos https://t.co/b62CotCQvA

Twitter (GenoverbandL) | 01.06.2018

„Raiffeisen ist die Alternative zu Marx. Marx wollte den Kapitalismus abschaffen, Raiffeisen wollte ihn human machen und für Menschen verfügbar. Das ist ihm gelungen.“ Weitere Videostatements unserer Gäste vom Verbandstag 2018 finden Sie hier: https://t.co/rYsDD3Tgxz https://t.co/PLIAICLM32

Twitter (GenoverbandL) | 01.06.2018

Gemeinsame Agrarpolitik nach 2020: Ländlicher Raum Ostdeutschlands kommt zu kurz https://t.co/jBojlEBnFu

Twitter (GenoverbandL) | 29.05.2018

Mehr als 1.000 in der Landwirtschaft tätige Mitgliedsgenossenschaften mit 33.576 Mitarbeitern haben in 2017 einen Gesamtumsatz von 19,7 Mrd. € erwirtschaftet. Das sind rund 10 % mehr Umsatz, als im Vorjahr! Mehr dazu lesen Sie in unserer Pressemitteilung: https://t.co/uavGC9Zt5J

Twitter (GenoverbandL) | 23.05.2018

#wasunsverbindet Genossenschaftsverband – Verband der Regionen stärkt Mitglieder und baut Angebot aus. https://t.co/t1J19lh3bK

Twitter (GenoverbandL) | 22.05.2018

Hallo Twitter! #meinersterTweet

Twitter (schulte_stef) | 22.05.2018

The self-organized protection scheme of German cooperative banks is more than 80 years old. In this entire time, there were no insolvencies and no taxpayer bailouts among German credit cooperatives - due to a focus on prevention: https://t.co/2RDbn9oXt1 https://t.co/fouhfISG8v

Twitter (schulte_stef) | 22.05.2018

Protection scheme of German coop. banks has a strong focus on mutual monitoring and controlling. In an EU deposit insurance, they would be liable for private #TBTF banks, without being able to control or monitor them. This is why they are opposed to #EDIS. https://t.co/2RDbn9oXt1 https://t.co/6i84abxRXl

Twitter (schulte_stef) | 18.05.2018

"This very short experience [in Argentina] is another example of the typical boom-and-bust cycle of emerging economies borrowing heavily in foreign currency [...]": https://t.co/02GTtB0pGz https://t.co/N8EuQ56Tzy

Twitter (ener_geno) | 15.05.2018

#Energiewende in Mülheim: BürgerEnergieGenossenschaft Ruhr-West erntet seit einem Jahr Solarenergie und bietet jetzt auch Bürgerstrom an. 👌@Buergerwerke @NRZmuelheim https://t.co/YJkaW5GPkD

Twitter (schulte_stef) | 13.05.2018

Due to the new post-crisis regulatory environment, the banking system may become even more centralized, as the authors argue: "uniformity and complexity of the advance regulation penalises local banks relatively more in comparison to large banks [...]" https://t.co/HFG85RqdT2 https://t.co/zyuC9cZbew

Twitter (schulte_stef) | 13.05.2018

"Spanish savings banks have been in trouble not because they were too small and too focused on regional markets. Indeed, the opposite was the case: deregulation and the possibility of operating nationwide was an important reason for the crisis": https://t.co/mymRq6t4Z3 https://t.co/uOWrXy8cjY

Twitter (schulte_stef) | 13.05.2018

Early German coop. banks are sometimes described as "information machines". They successfully lent to (often poor) peasants & urban artisans, since they were able to "capitalize on superior information and to impose inexpensive but effective sanctions": https://t.co/9g6N8MABuy https://t.co/fHhJmmQctV

Twitter (schulte_stef) | 13.05.2018

Long-term lending relationships between businesses and banks "are valuable, especially for smaller firms [...]". However, this gets little attention since large firms "are the focus of most of the literature": https://t.co/oThJcuG02E https://t.co/qFdTjcYHWN

Twitter (schulte_stef) | 13.05.2018

"Debt Overhang, Rollover Risk, and Corporate Investment: Evidence from the European Crisis" is available without a paywall here: https://t.co/G5XcAluTpZ https://t.co/pPY8gCoyQ7

Twitter (schulte_stef) | 11.05.2018

Why cases like #Theranos cause serious economic harm: "That ~$500 million could have funded >100 hardware startups to a prototype/proof point, and made some genuinely useful advances [...]" https://t.co/G1j8HdEqkO https://t.co/E08O4vBDhX

Twitter (schulte_stef) | 11.05.2018

Despite some positive changes since the crisis, the largest U.S. bank holding companies "remain highly complex in terms of industries spanned and still operate a large share of subsidiaries in secretive locations": https://t.co/PKeLIP31Ld #TBTF https://t.co/2RZId71Brg

Twitter (schulte_stef) | 11.05.2018

"potential attempts to create European champions" through bank mergers => "questionable" thinking, because there are #TooBigToFail-related risks to financial stability and unclear economic benefits: https://t.co/CYCHm9Wzzq https://t.co/k2dvYPwKeR

Twitter (schulte_stef) | 11.05.2018

"[...] increased M&A activity [among banks] can also be problematic, because this form of consolidation drives even more market share into the hands of a small number of market participants", and because it can exacerbate the #TooBigToFail problem: https://t.co/CYCHm9Wzzq https://t.co/xhj6ZL35LI

Twitter (schulte_stef) | 11.05.2018

"Resorting to unconventional monetary policies signalled a deterioration in economic prospects, which contributed to a decline in credit demand. This in turn sapped the policies' overall effectiveness": https://t.co/VkRYn7IpeP https://t.co/AOtxtbgyHs

Twitter (ener_geno) | 07.05.2018

Ein Breitband-Anschluss für jedes Mitglied: Wärmenetz und Glasfaser werden in Preetz gleichzeitig ausgebaut. Sympathische Synergie! https://t.co/XAAyXfv03Y, @vrbankniebuell, @kn_online, https://t.co/YkuDR5Lszm

Twitter (schulte_stef) | 06.05.2018

Notional amount of #OTC derivatives worldwide: ~ $532 trillion (!), lower than a few years ago, but still higher than in early 2007. @BIS_org https://t.co/rkWbgCwxIM Data: https://t.co/WqvpT9uTuR https://t.co/2ZTBGgLKga

Twitter (schulte_stef) | 06.05.2018

"A portion of [#shadowbanking] is still overly exposed to credit, liquidity, leverage and maturity risk, and there is significant potential for these to spread to the rest of the financial system and cause financial instability": https://t.co/kwsjmTWArD https://t.co/cVQgqgq4hp

Twitter (schulte_stef) | 06.05.2018

Market share (total assets) of the five largest commercial banks in the U.S. 1990: <10% 2014: 44% https://t.co/6uDnYjkWZ7 https://t.co/UhmAnquNKl

Twitter (schulte_stef) | 06.05.2018

"Today, because of a wave of post-crash mergers, the biggest banks are even bigger than they were, and financial power is more concentrated than it has been in at least a century": https://t.co/7DzwubV98Q ht @INETeconomics #TBTF

Twitter (schulte_stef) | 06.05.2018

"Going with the flows : New borrowing, debt service and the transmission of credit booms" is available without a paywall here: https://t.co/FCy1GSQSwA https://t.co/I3WARPNuNw

Twitter (schulte_stef) | 06.05.2018

#TooBigToFail lingers on: As long as systemic banks "lack properly positioned bail-in capacity or sufficient stressed funding sources, the authorities will continue to face tough choices and be forced into pragmatic solutions or else be ready to risk financial instability." https://t.co/uChnF8Rwzl

Twitter (schulte_stef) | 06.05.2018

"Both cost and energy use now seem more likely to increase in lockstep with the scale of cloud computing in the future; they won’t decline, or even stay constant as computing capacity increases, as they have in the past": https://t.co/p8resuMMIT https://t.co/m4PHhNxA9L

Twitter (schulte_stef) | 04.05.2018

Great list! #FollowFriday https://t.co/0aEZ3Uvs3L

Twitter (schulte_stef) | 04.05.2018

Elinor Ostrom described many principles that apply to successful cooperatives as well, e.g. the idea that governing the commons requires "boundaries, rules, social norms and sanctions against free riders": https://t.co/qC1VVWLxKR https://t.co/3Z5LUMHQZ8

Twitter (ener_geno) | 03.05.2018

Noch bis zum 7. Mai: Ideen und Projekte beim Schulwettbewerb 2018 der EGRR einreichen! https://t.co/QkbepMUM71 @NRZNiederrhein @NABU_NRW

Twitter (ener_geno) | 02.05.2018

Ab heute dann einfach auf den Deckel... #earthovershootday 👌

Twitter (schulte_stef) | 30.04.2018

The new @MakronomMagazin ranking of German Twitter economists has been published - and I've been included for the first time! https://t.co/SOroCtb783 (rank 30) https://t.co/OjQ6oAQ6Jd

Twitter (schulte_stef) | 30.04.2018

ECB supervisory fees for smaller ("less significant") banks: 2017: ~€ 34 million 2018: ~€ 47 million @ecb https://t.co/qK3CCJCeeP https://t.co/u2ZWO4HZLA

Twitter (schulte_stef) | 29.04.2018

Asset price bubbles clearly exist, but they remain hard to explain, this paper argues: https://t.co/fPq1YyEOXl https://t.co/N7kObU3kcP

Twitter (schulte_stef) | 29.04.2018

"[...] we have this unrealistic and strong expectation that banks will return to the level of profitability they showed pre-crisis [...] what if those returns are not possible without taking undue risks?" https://t.co/uY0OZwZUUV https://t.co/MpLq0Z9W7p

Twitter (schulte_stef) | 29.04.2018

"The model also implies a feedback loop: high income inequality depresses the interest rates, facilitating the existence of housing bubbles, which in turn have regressive welfare effects." https://t.co/aEjBqpr4Yc https://t.co/tbPxJ2AoMe

Twitter (ener_geno) | 27.04.2018

Starkes Projekt! Wir gratulieren der #Energiegenossenschaft Brüllingsen zur feierlichen Eröffnung ihres Nahwärmenetzes! 1,5 Mio. € investiert gegen den #Klimawandel, 50 Haushalte versorgt! Respekt! https://t.co/OQY7wXZXvy

Twitter (schulte_stef) | 26.04.2018

#Shadowbanking can cause adverse feedback loops, and severing them "may require the ultimate backstop – the sovereign balance sheet – to be deployed to put out the ensuing blaze. This is a contingency that may only be available at great cost." https://t.co/QuNg0FG416 #TBTF https://t.co/JfFwAakBKc

Twitter (schulte_stef) | 26.04.2018

#Shadowbanking remains risky due to special properties (e.g. implicit access to private and public backstops) in connection with regulatory arbitrage. Interesting analysis published by @banquedefrance: https://t.co/QuNg0FG416 https://t.co/GnPbXppmtH

Twitter (schulte_stef) | 22.04.2018

The same issue is being discussed here: "existing research suggests that small businesses have better access to credit if their local market contains more small banks [...] Yet the banking industry continues to evolve toward one dominated by large banks" https://t.co/jgKCe4u8J8 https://t.co/q0tYaYZtjz

Twitter (schulte_stef) | 22.04.2018

Implicit #TooBigToFail subsidies are probably one reason "why systemically important banks have an incentive to grow in size and remain highly leveraged": https://t.co/2GQ1m2dAaO https://t.co/w85CupqFd5

Twitter (schulte_stef) | 22.04.2018

"The implicit subsidy for too big to fail banks has also been substantial, peaking around 2009 and 2012, and still amounts to nearly 1 percent of GDP in some countries in recent years": https://t.co/UxOIRPqsZL #TBTF https://t.co/hCFS82QZmd

Twitter (schulte_stef) | 22.04.2018

Those findings were confirmed again here (@ecb working paper published in 2017): "[...] strong evidence for a 'bank market power effect' whereby banks with greater domestic market share charge a disproportionately higher interest rate to small firms" https://t.co/LRfvH6gfS5 https://t.co/q0tYaYZtjz

Twitter (schulte_stef) | 22.04.2018

From one of the papers cited here: "we find that bank market power is associated with lower levels of SME investment [...] negative impact of bank market power on investment is driven by the adverse effect of market power on financing constraints" https://t.co/T104LSNkh4 https://t.co/q0tYaYZtjz

Twitter (schulte_stef) | 22.04.2018

When banking markets become too concentrated, SME lending suffers, as several studies show: https://t.co/nipUi2NW3X https://t.co/pkwEdirpZY

Twitter (schulte_stef) | 20.04.2018

The wider “Other Financial Intermediaries” (OFIs) aggregate for #shadowbanking "grew by 8% to $99 trillion in 21 jurisdictions and the euro area [...] OFI assets now represent 30% of total financial assets, the highest level since at least 2002": https://t.co/eHoDcH8Ani https://t.co/fnLo5KsR25

Twitter (schulte_stef) | 20.04.2018

#ICYMI: "narrow measure of #shadowbanking grew by 7.6% in 2016 to $45.2 trillion for [...] 29 jurisdictions. This represents 13% of total financial system assets of these jurisdictions". @FinStbBoard https://t.co/eHoDcH8Ani ht @MacroPru

Twitter (schulte_stef) | 20.04.2018

Because of their expertise and their long-term lending relationships, small local banks are particularly well suited to finance SMEs. https://t.co/9a1tBAff1D Capital markets are unlikely to replace them, as the disappointing performance of German SME bonds shows. https://t.co/SSWzQ6YKLn

Twitter (schulte_stef) | 20.04.2018

German SME bonds are a cautionary tale: About 60% of the issuers listed on BondM either went bankrupt or underwent restructuring. https://t.co/cxejN7xsHj Assessing the creditworthiness of SMEs requires a lot of expertise, shouldn't be done by inexperienced investors. https://t.co/rPAqAB6R27

Twitter (schulte_stef) | 20.04.2018

Derivatives in the U.S. (Q4 2017): "[...] four large commercial banks represented 89.4 percent of the total banking industry notional amounts and 85.9 percent of industry net current credit exposure [...]" https://t.co/0gE7iCkZw6 #TBTF https://t.co/YsEAZWoOSM

Twitter (schulte_stef) | 20.04.2018

Equally important to remember: "Lehman’s derivatives holdings accounted for about 5 percent of the global market [...] The Lehman estate spent about $40 billion to terminate swaps alone" https://t.co/8PNGc57vla #TooBigToFail https://t.co/qlerU5Q4TH

Twitter (schulte_stef) | 20.04.2018

How Lehman Brothers (which went bankrupt in September 2008) used "financial engineering" in order to appear healthier than it was. https://t.co/WApOboe9yw https://t.co/vwyqWhAa6V

Twitter (schulte_stef) | 18.04.2018

Why it's not a good idea to participate in "pump-and-dump" schemes involving penny stocks: "On average, each scheme reduced investors’ wealth by €800, generating losses of at least €1.2 million for German online investors." https://t.co/gYQrK4kxlU https://t.co/KJjJVzkvEH

Twitter (schulte_stef) | 18.04.2018

As a result, "mortgage debt of US households rose from 61 percent of GDP in 1998 to 97 percent in 2006" (= in just eight years): https://t.co/xH4lZv5jJI https://t.co/KvLqAQCKMD

Twitter (schulte_stef) | 18.04.2018

"Weekend restructuring of mega-banks has never been tried, and commentators still see potential hurdles to overcome" => one possible outcome: Everyone might get bailed out, including the designated loss-absorbing creditors. https://t.co/UxtsIACXCD #TooBigToFail https://t.co/WvyEVDnx0l

Twitter (ener_geno) | 18.04.2018

...zum Beispiel in einer Genossenschaft. Mehr als 35 gibt es im echten Norden. https://t.co/SIq6De3SkS

Twitter (ener_geno) | 17.04.2018

Die Bürger Energiegenossenschaft in Dreieich hat im letzten Jahr mehr als 320.000 kWh Solarstrom produziert. Das freut die Umwelt und die Mitglieder! @OP_online https://t.co/I9rYqzCDyd https://t.co/FWlPrPVyu0

Twitter (schulte_stef) | 15.04.2018

Small banks in U.S. lend considerably more to SMEs (in relation to total loans) than larger institutions, according to this report. Furthermore, "application approval rates varied from 50 percent at large institutions to 86 percent at small institutions": https://t.co/PuyIA2ebd8 https://t.co/jNMso7uB4O

Twitter (schulte_stef) | 15.04.2018

Small banks in the U.S. still have considerably more capital in relation to total assets (leverage ratio) than big banks, according to the latest report from @NYFedResearch: https://t.co/MpV3NZlmmw https://t.co/kamh4SH087

Twitter (schulte_stef) | 15.04.2018

Data from the United States: In 2001, 69% of the stock market wealth held by middle-aged families belonged to the top 10%. By 2016, the share of the top 10% had climbed to 78%, reaching a record-high. https://t.co/mtzsGzLfkF https://t.co/pICIXynafg

Twitter (schulte_stef) | 11.04.2018

Only 173 retail bankers in the EU received more than € 1 million in 2016 (95 of them in UK) - but 2414 investment bankers received a salary + bonus of that size: https://t.co/aLErM9f2BZ https://t.co/V5Jrk6MO5W

Twitter (ener_geno) | 11.04.2018

"Klein, aber oho": Energie für Mannebach eG versorgt seit 5 Jahren Haushalte mit Wärme. Nächster Plan: Ein E-Auto für's Dorf. Volle Innovationskraft voraus! @RZCochem

Twitter (schulte_stef) | 11.04.2018

"On average, the highest variable remuneration and total remuneration were paid in investment banking" - in retail banking, average payments to top management were considerably lower (EU data): https://t.co/0kXyFtI1qF https://t.co/watIm6z6vr

Twitter (schulte_stef) | 11.04.2018

6 significant institutions "awarded variable remuneration but did not pay any dividend" & 5 significant banks "awarded an amount of variable remuneration to staff that was more than 10 times and up to 242 times the amount distributed to shareholders": https://t.co/cz7hlTP4Fk https://t.co/7RfRDy4Wjo

Twitter (schulte_stef) | 11.04.2018

In 2016, ~4600 bankers in the EU received a remuneration of more than € 1 million. 77% of them were located in the UK: @EBA_News https://t.co/jSLBxMOKBQ https://t.co/aHti8lb4fe

Twitter (schulte_stef) | 09.04.2018

#Cooperative banks in Germany (including the central institution): Market share (total assets): ~15% Market share (SME lending): ~33% @EACB_News https://t.co/ZrXqtI0Xgo

Twitter (ener_geno) | 05.04.2018

Ein Gewinn für alle: 435 Genossenschaftsmitglieder aus Issum und Umgebung freuen sich über 4 neue WKA. Echte #Bürgerenergie. https://t.co/0pINbffsJD

Twitter (ener_geno) | 28.03.2018

"Tolle Sache" mit "Vorbildwirkung in Sachsen" meinte gestern Dr. Matthias Haß, Sächsischer Staatsminister der Finanzen, in Delitzsch. Finden wir auch! @LVZ https://t.co/EaHAEKsBmi https://t.co/A6WZ6bAOmO

Twitter (ener_geno) | 12.03.2018

Regionaler #Bürgerstrom: #Genossenschaften sind wettbewerbsfähige Anbieter bei #Ökostromtarifen für Private und gewerbliche Haushalte. Der Stromvermarkter reg-ina eG toppt die Bestpreise renormierter #Grünstromanbieter in über 80 % der bundesweiten Netzgebiete. https://t.co/7Z8j6bVIss

Twitter (ener_geno) | 02.03.2018

"After all, we own a quarter of them." Iris Degenhardt-Meister über die Geno-Windkraftanlagen in Wolfhagen im @guardian -Bericht. Bestes Beispiel für gelungene #Energiewende vor Ort. https://t.co/YbBQ6sgNwa https://t.co/M4n6Xn01Rt

Twitter (ener_geno) | 27.02.2018

Der Weg ist frei für Dieselfahrverbote. @ener_geno wird gemeinsam mit seinen Partnern, den Genossenschaften, dem Mittelstand sowie den Bürgern vor Ort die Verkehrswende voran bringen. Die #Mobilitätstage2018 zeigen die Mobilitätskonzepte der Zukunft auf. https://t.co/WIqT3qhVUD

Twitter (ener_geno) | 27.02.2018

Windenergie ist die entscheidende Stütze der #Energiewende , so @OlafLies. Deshalb soll sie in #Niedersachsen weiter ausgebaut werden. Die mehr als 50 Energiegenossenschaften im Land sind dabei!