Eisenbeis, Robert Allen; Taylor, Michael William; … - SUERF - The European Money and Finance Forum
, for the first time, in effect socialised the credit risk of the bank. It is now a fully state-owned bank. Since then …-probability-high-impact risk. This contribution also briefly considers some of the reform measures that have subsequently been initiated by the … discipline in giving market signals that emanate from risk monitors. In the following contribution, Eisenbeis and Kaufman give a …