banks must comply with, in order to promote short-term and long-term resilience. At the same time, the IASB amended IAS 39 … by introducing IFRS 9, which regulates the accounting treatment of financial instruments. Nevertheless the intent of the … objectives of the regulatory and the accounting frameworks. The first one is to serve the safety and soundness of banks and the …

Banks produce short-term debt for transactions and storing value. The value of bank money must not vary over time so … information about the bank's loans. To produce safe liquidity banks choose loans with high such costs. Capital markets cannot … produce substitutes for bank money because they involve information revelation. They produce risky liquidity. This trade …

Banks are optimally opaque institutions. They produce debt for use as a transaction medium (bank money), which requires … that information about the backing assets - loans - not be revealed, so that bank money does not fluctuate in value …, needed for allocative efficiency. Intermediaries exist to hide such information, so banks select portfolios of information …

Banks are optimally opaque institutions. They produce debt for use as a transaction medium (bank money), which requires … that information about the backing assets - loans - not be revealed, so that bank money does not fluctuate in value …, needed for allocative efficiency. Intermediaries exist to hide such information, so banks select portfolios of information …

College) gave the SUERF 2015 Annual Lecture on Capital and Banks. The conference focused on core aspects of banking reform …

Using unique data of a survey among small and medium-sized German banks, we analyze various aspects of risk management … find that, in the first year, the impairments of banks' bond portfolios are much larger than the reductions in their net … interest income, that banks attenuate the resulting write-downs by liquidating hidden reserves and that banks which use …