targeting bank management and, to a lesser extent, penalties mitigate moral hazard. Weak interventions, such as warnings, do not …

, depositors, and regulators in connection with bank insolvency may corrupt banks' credit allocation and monitoring decisions … potential endogeneity which are usually inherent to research into the real economic implications of bank regulation. We find a … dependent on bank financing. Our findings are robust to various specifications. Investigating the transmission channels of the …

In attempting to promote bank stability, the Basel Committee on Banking Supervision (2006) provides a framework that …

sovereign debt exposures and the implications of sovereign exposures for bank risk. Our main findings are as follows. First … impact of sovereign bond holdings on bank risk. This result could indicate the widespread absence of marking-to-market for …

lending behavior and risk sensitivity of a risk-neutral bank. CDS contracts may be used to hedge a bank's credit risk exposure … at a certain (potentially distorted) price. Regulation is found to induce the risk-neutral bank to behave in a more risk … credit risk. Under the substitution approach in Basel II (and III) a risk-neutral bank will over-, fully or under-hedge its …

Diversifikationseffekten, die als Folge der Geschäftsstrategie einer Bank (z.B. durch Produktdiversifikation oder geografische Diversifikation … ihrer Kapitaladäquanz mit einbeziehen wollen. Auch die Bankenaufsicht erkennt in ihren Ausführungen über die bankinternen …