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Banking supervision in integrated financial markets : implications for the EU

Stolz, Stéphanie Marie - 2002

I analyze the optimal design of banking supervision in the presence of cross-border lending. Cross-border lending could imply that an individual bank failure in one country could trigger negative spillover effects in another country. Such cross-border contagion effects could turn out to be...

Persistent link: https://www.econbiz.de/10011514035

Debt recovery in firm liquidations : do liquidation trustees matter?

Cepec, Jaka; Grajzl, Peter; Zajc, Katarina - 2016

Insolvency systems play a crucial role in protection of creditor rights, yet micro-level empirical evidence on the … functioning of insolvency regimes worldwide is sparse. We investigate whether creditors' recovery of outstanding claims, a measure … of ex-post efficiency of an insolvency regime, depends on the characteristics of the trustee delegated the administration …

Persistent link: https://www.econbiz.de/10011518156

The impact of delay : evidence from formal out-of-court restructuring

Srhoj, Stjepan; Kovač, Dejan; Shapiro, Jacob N.; … - 2021

Bankruptcy restructuring procedures are used in most legal systems to decide the fate of businesses facing financial hardship. We study how bargaining failures in such procedures impact the economic performance of participating firms in the context of Croatia, which introduced a "pre-bankruptcy...

Persistent link: https://www.econbiz.de/10012603137

Advantageous smallness in contests

Amegashie, J. Atsu - 2021

A standard result in contests is that a higher-ability player has a higher probability of winning the prize than a lower-ability player. Put differently, a stronger player has an advantage over a weaker player in a contest. There are very few exceptions to this standard result. I consider a...

Persistent link: https://www.econbiz.de/10012669006

The new international architecture

Dornbusch, Rudiger - 2002

In 1998 Rüdiger Dornbusch gave the Munich Lectures in Economics entitled International Financial Crises . The CES Academic Council awarded him the prize and title Distinguished CES Fellow for his outstanding work on the monetary theory of foreign trade.Rüdiger Dornbusch passed away on July 25,...

Persistent link: https://www.econbiz.de/10011541194

Regulatory competition and multi-national banking

Dalen, Dag Morten; Olsen, Trond E. - 2003

This paper focuses on the consequences of cross-border banking and entry of multi-national banks (MNBs) for banking supervision and regulation. When a MNB expands internationally with subsidiaries, the MNB operates under the legislation of several countries - both the home country and the host...

Persistent link: https://www.econbiz.de/10011508005

Die aktuellen Entwicklungen der Bankenaufsicht im Lichte der Stabilität des Finanzsystems

Straßberger, Mario; Sysoyeva, Larysa - In: Wirtschaftsdienst : Zeitschrift für Wirtschaftspolitik 96 (2016) 7, pp. 486-491

unter Finanzstabilität zu verstehen ist, und untersuchen dann die jüngsten Reformen der Bankenaufsicht daraufhin, inwiefern …

Persistent link: https://www.econbiz.de/10011521313

Financial intermediation and the creation of macroeconomic risks

Gersbach, Hans - 2002

We examine financial intermediation when banks can offer deposit or loan contracts contingent on macroeconomic shocks. We show that the risk allocation is efficient if there is no workout of banking crises. In this case, banks will shift part of the risk to depositors. In contrast, under a...

Persistent link: https://www.econbiz.de/10011409445

Staaten und Banken : ein konkreter Regulierungsvorschlag

Hedrich, Carl-Christoph; Hepp, Dominic - In: Wirtschaftsdienst : Zeitschrift für Wirtschaftspolitik 95 (2015) 11, pp. 758-765

In einer Währungsunion mit gemeinsamer Geldpolitik und Bankenaufsicht, aber fehlender Fiskalunion, ist die …

Persistent link: https://www.econbiz.de/10011389697

Wages and wage-bargaining institutions in the EMU : a survey of the issues

Calmfors, Lars - 2001

A perceived need to increase nominal wage flexibility as a substitute for domestic monetary policy and a tendency to less wage moderation are likely to promote bargaining co-ordination and social pacts in the EMU. But such co-ordination is not likely to be sustainable in the long run, as it...

Persistent link: https://www.econbiz.de/10011399330

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