The macroprudential regulatory framework of Basel III imposes the same capital and liquidity requirements on all banks around the world to ensure global competitiveness of banks. Using an agent-based model of the financial system, we find that this is not a robust framework to achieve...

Current initiatives to regulate bank's trading activities are aimed at sealing off the banking system from the instability of financial markets, revealed during the recent financial crisis. The main findings of bank balance sheet analysis for 5 000 European Union banks for 2000-2013 are: (1)...

Current initiatives to regulate bank's trading activities are aimed at sealing off the banking system from the instability of financial markets, revealed during the recent financial crisis. The main findings of bank balance sheet analysis for 5 000 European Union banks for 2000-2013 are: (1)...

Die Finanzkrise von 2007-2008 hat die Mängel der Finanzsystemregulierung weltweit offengelegt. Der vom Basler Ausschuss für Bankenaufsicht erarbeitete Regulierungsansatz Basel II hat sich als mangelhaft erwiesen. Unter Zuhilfenahme eines agentenbasierten Simulationsmodells, welches die...

Germany's bank-based financial system provides a high level of financial inclusion, measured by bank outreach and use of financial services. However, the most vulnerable individuals and small enterprises in Germany tend to be excluded or credit constrained. The quality of financial inclusion is...

The Global Financial Crisis (GFC: 2008–2009) and the Euro Sovereign Crisis (ESC: 2010–2012) seem a process of creative destruction for the European Union (EU). The huge damage provoked by the GFC and ESC was, in fact, followed by important institutional building steps as the Banking Union...