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Integrating with their feet : cross-border lending at the German-Austrian border
Fidrmuc, Jarko (contributor); Hainz, Christa (contributor) - 2008
Persistent link: https://www.econbiz.de/10003688885
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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
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The role of standards in eco-innovation : lessons for policymakers
Vollebergh, Herman R. J.; Van der Werf, Edwin - 2013
This paper aims to help policy makers identify how standards can contribute to the effective and cost … discuss what standards are, how the process of standardization works, and how standards are related to induced innovation and …-saving technologies. This broad perspective enables us to identify interesting economic dimensions of standards, such as their …
Persistent link: https://www.econbiz.de/10009752019
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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
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Regulatory competition and multi-national banking
Dalen, Dag Morten; Olsen, Trond E. - 2003
several countries - both the home country and the host countries. Although these countries have agreed upon minimum standards …
Persistent link: https://www.econbiz.de/10011508005
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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
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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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The Euro Area's common pool problem revisited : has the Single Supervisory Mechanism ameliorated forbearance and evergreening?
Steinkamp, Sven; Tornell, Aaron; Westermann, Frank - 2017 - Last revision: October 6, 2017
The Single Supervisory Mechanism was introduced to eliminate the common-pool problem and limit uncontrolled lending by national central banks (NCBs). We analyze its effectiveness. Second, we model how, by forbearing and providing refinancing credit, NCBs avoid domestic resolution costs and,...
Persistent link: https://www.econbiz.de/10011723498
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Risk taking, limited liability and the competition of bank regulators
Sinn, Hans-Werner - 2001
Limited liability and asymmetric information between an investment bank and its lenders provide an incentive for a bank to undercapitalise and finance overly risky business projects. To counter this market failure, national governments have imposed solvency constraints on banks. However, these...
Persistent link: https://www.econbiz.de/10011400902
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Regulatory competition in capital standards with selection effects among banks
Haufler, Andreas; Maier, Ulf - 2016
Several countries have recently introduced national capital standards exceeding the internationally coordinated Basel … III rules, thus suggesting a 'race to the top' in capital standards. We study regulatory competition when banks are … foreign taxpayers and by reducing total credit supply and output. Non-cooperatively set capital standards are higher than …
Persistent link: https://www.econbiz.de/10011447527