The improvement of prudential regulation in the crisis-ridden Asian countries is suggested by international organizations as a major lesson to be implemented. The effect from tighter regulation can be estimated by simulating the crisis with new rules. The analysis for Thailand's commercial banks...

In Deutschland wird die Aufsicht über die Banken arbeitsteilig von der Bundesanstalt für Finanzdienstleistungsaufsicht und der Deutschen Bundesbank durchgeführt, wobei sie vor allem an die Vorgaben des Kreditwesengesetzes gebunden ist. Die Finanzkrise, die im Sommer 2007 ihren Anfang nahm,...

This paper provides new evidence that taxes affect capital structure choice, using a unique and comprehensive panel data set which covers 86,173 German non-financial firms over the years 1973–2008. Following the Graham methodology to simulate marginal tax rates, we find a statistically and...

This article examines the loan rate-setting behavior of German banks for a large variety of retail and corporate loan products. We find that a bank’s operational efficiency is priced in bank loan rates and alters interest-setting behavior. Specifically, we establish that a higher degree of...