Narrow search
Showing 1 - 10 of 85
Cover Image
Regulation and Competition in German Banking: An Assessment
Fischer, Karl-Hermann; Pfeil, Christian - Center for Financial Studies - 2003
deposit customers. In the past, bank regulation has often been blamed for undermining competition and the functioning of … tries to shed some light on the historical development and current state of bank regulation in Germany. In so doing, it … tries to embed the analysis of bank regulation in a more general industrial organization framework. For every regulated …
Persistent link: https://www.econbiz.de/10010986452
Cover Image
Regulation and Competition in German Banking: An Assessment
Fischer, Karl-Hermann; Pfeil, Christian - Center for Financial Studies - 2003
deposit customers. In the past, bank regulation has often been blamed for undermining competition and the functioning of … tries to shed some light on the historical development and current state of bank regulation in Germany. In so doing, it … tries to embed the analysis of bank regulation in a more general industrial organization framework. For every regulated …
Persistent link: https://www.econbiz.de/10005022411
Cover Image
Instabile Finanzmärkte
Franke, Günter; Krahnen, Jan Pieter - Center for Financial Studies - 2009
Die Vorstellung selbst-stabilisierender, zum Gleichgewicht tendierender Finanzmärkte, lange Zeit als Selbstverständlichkeit angesehen, ist durch die aktuelle Banken- und Kreditkrise in Frage gestellt. Trotz ausgefeilten Risikomanagements der Banken und einer an Basel II orientierten Aufsicht...
Persistent link: https://www.econbiz.de/10010986485
Cover Image
The future of securitization
Franke, Günter; Krahnen, Jan Pieter - Center for Financial Studies - 2008
strengthening regulation is surprisingly small. First, we emphasize the importance of equity piece retention for the long …
Persistent link: https://www.econbiz.de/10010986376
Cover Image
On the economics of crisis contracts
Aptus, Elias; Britz, Volker; Gersbach, Hans - Center for Financial Studies - 2014
banking crises. Under a Crisis Contract, managers are required to contribute a pre-specified share of their past earnings to … occurs and that leads to a form of collective liability for bank managers. We develop a game-theoretic model of a banking … of a banking crisis and improve social welfare. We explore how Crisis Contracts and capital requirements can supplement …
Persistent link: https://www.econbiz.de/10010958513
Cover Image
Dealing with financial crises: How much help from research?
Pagano, Marco - Center for Financial Studies - 2014
regulation. In part, this is due to their neglect of important regulatory choices, which policy-makers are therefore left to take …
Persistent link: https://www.econbiz.de/10010958553
Cover Image
CDOs and systematic risk: Why bond ratings are inadequate
Krahnen, Jan Pieter; Wilde, Christian - Center for Financial Studies - 2009
This paper analyzes the risk properties of typical asset-backed securities (ABS), like CDOs or MBS, relying on a model with both macroeconomic and idiosyncratic components. The examined properties include expected loss, loss given default, and macro factor dependencies. Using a two-dimensional...
Persistent link: https://www.econbiz.de/10010958590
Cover Image
Bank mergers, competition and liquidity
Carletti, Elena; Hartmann, Philipp; Spagnolo, Giancarlo - Center for Financial Studies - 2006
We model the impact of bank mergers on loan competition, reserve holdings and aggregate liquidity. A merger changes the distribution of liquidity shocks and creates an internal money market, leading to financial cost efficiencies and more precise estimates of liquidity needs. The merged banks...
Persistent link: https://www.econbiz.de/10010958652
Cover Image
Risk transfer with CDOs
Krahnen, Jan Pieter; Wilde, Christian - Center for Financial Studies - 2008
Modern bank management comprises both classical lending business and transfer of asset risk to capital markets through securitization. Sound knowledge of the risks involved in securitization transactions is a prerequisite for solid risk management. This paper aims to resolve a part of the...
Persistent link: https://www.econbiz.de/10010958755
Cover Image
The economic impact of merger control legislation
Carletti, Elena; Hartmann, Philipp; Onega, Steven - Center for Financial Studies - 2007
reactions observed with specific regulatory characteristics of the banking sector. Covering nineteen countries for the period …
Persistent link: https://www.econbiz.de/10010958783