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Die Pleite der Investmentbank Lehman Brothers am 15. September 2008 löste eine globale Finanzkrise aus. Dies kann als außergewöhnliches Ereignis interpretiert werden, aber auch als eine Krise des Systems. Mittlerweile wurden die Banken stärker reguliert (Basel III), beibehalten wurde aber...
Persistent link: https://www.econbiz.de/10011889276
The first part of the paper considers the effects of pre-empting a resolution procedure for a troubled financial institution by a precautionary recapitalization as specified in Article 32 (4) (d) of the Bank Recovery and Resolution Directive (BRRD). Benefits are seen for the maintenance of...
Persistent link: https://www.econbiz.de/10011687120
Beginning with the proposal by Enria (2017), the paper discusses the scope for successful bank restructuring through a carveout of impaired assets and a transfer of these assets to a government-sponsored asset management company. The paper argues that the success of such an operation requires a...
Persistent link: https://www.econbiz.de/10011625507
For a countable product of complete separable metric spaces with a topology induced by a uniform metric, the set of Borel probability measures coincides with the set of completions of probability measures on the product o-algebra. Whereas the product space with the uniform metric is...
Persistent link: https://www.econbiz.de/10011645941
Persistent link: https://www.econbiz.de/10011585772
The paper contributes to the ongoing discussion about appropriate policies towards banks when economic growth is lagging. Whereas the European Commission and representatives of the German government argue that strict banking regulation harms economic growth, the comparison between Europe and the...
Persistent link: https://www.econbiz.de/10011631269
Persistent link: https://www.econbiz.de/10011856243
Die Interpretation des Zinssatzes als Preis ist problematisch. Im Gegensatz zum Preis ist der Zinssatz kein Austauschverhältnis. Modelle, in denen der Zinssatz mit einem Preis für die Nutzung von Kapital identifiziert werden kann, sind sehr speziell. In allgemeineren Modellen sind Zinssatz und...
Persistent link: https://www.econbiz.de/10012692400
Persistent link: https://www.econbiz.de/10012694366
This contribution to the panel on the future to EMU discusses the tensions that arise from the fact that banks are, on the one hand, an essential element of the monetary transmission mechanism and, on the other hand, an integral part of local, regional or national polities. Banking union can...
Persistent link: https://www.econbiz.de/10012153354