fixed income unless the value of the bank’s assets falls below a predetermined threshold. In such an event, the debt … obligation is automatically converted to the bank’s common equities. By using a contingent claims valuation approach we present … bank that includes DES or alternatively subordinated debt in its capital structure. We compare and evaluate quantitatively …

This paper analyses bank exit (ie reorganisation and liquidation) legislation in selected financial centres: New York …, London, Frankfurt, Helsinki and Tokyo. The focus is on bank exit legislation applicable to commercial banks. The legislation … is analysed from the perspective of bank stakeholders, ie bank creditors, depositors and bank shareholders. The analysis …

-level regulation will likely make any type of collusion or capture more difficult in the future. …

The primary purpose of this article is to investigate the relationship between bank capital and credit risk taking in … impact of capital regulation on banks’ behavior. We also show empirical evidence on the role of the regulatory, institutional … and legal environment in driving bank capitalization and credit risk taking behavior in emerging market economies. …

This paper evaluates bank exit regimes in selected financial centres using econometric methods. The focus is on bank … exit regimes applicable to commercial banks in New York, London, Frankfurt, Helsinki and Tokyo in 1998–2002. Bank exit … regimes are studied from the perspective of bank creditors and bank shareholders. In order to apply econometric methods, the …

In the light of the inequity of the way losses from bank insolvencies and their avoidance through intervention by the …

The paper focuses on a comparison of bank-based andmarket-based …nancial systems with respect to their ability to … period. In contrast, the bank-based system allows for both quick recovery and postponing and smoothing the negative … consequences of the shock over several periods, if proper regulation and interventions are used, otherwise the banking system can …