[...]This paper presents an overview of the new capitalrequirements. In the first section, we describe the structureof the requirements and the considerations that went intotheir design. In addition, we address some of the concernsthat have been raised about the methods of calculating...

[...]This article explores the inflation puzzle andinvestigates whether compensation has acted as either atemporary restraint on inflation or as the underlying sourceof a new inflation regime.2 After reviewing the recent behavior of inflation, we specify and estimate a traditionalprice-inflation...

The 1990s were characterized by substantial financial sectorconsolidation across a large number of industrializedcountries...

While systemic risk—the risk of wholesale failure of banksand other financial institutions—is generally consideredto be the primary reason for supervision and regulation of thebanking industry, almost all regulatory rules treat such risk inisolation. In particular, they do not account for...

In der Finanzindustrie zeichnen sich neue Spielregeln ab. Neben finanzieller Rendite gewinnen nicht-ökonomische Motive an Bedeutung: Anleger fordern nachhaltige Investments, Banken positionieren sich als sozial und umweltbewusst und Kapitalmarktakteure müssen die Verteilung von...