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Is capital a collusion device?

Feuerstein, Switgard - 1997

Persistent link: https://www.econbiz.de/10013401149

Knowledge acquisition and communication in multinational firms

Gersbach, Hans - 1998

Persistent link: https://www.econbiz.de/10013401162

On the economics of crisis contracts

Aptus, Elias; Britz, Volker; Gersbach, Hans - 2014

We examine the impact of so-called "Crisis Contracts" on bank managers' risktaking incentives and on the probability of banking crises. Under a Crisis Contract, managers are required to contribute a pre-specified share of their past earnings to finance public rescue funds when a crisis occurs....

Persistent link: https://www.econbiz.de/10010337016

Why bank money creation?

Gersbach, Hans; Zelzner, Sebastian - 2022 - This version: April 20, 2022

We provide a rationale for bank money creation in our current monetary system by investigating its merits over a system with banks as intermediaries of loanable funds. The latter system could result when CBDCs are introduced. In the loanable funds system, households limit banks' leverage ratios...

Persistent link: https://www.econbiz.de/10013187924

Contingent contracts in banking : insurance or risk magnification?

Gersbach, Hans - 2018 - This version: November 2018

We examine whether the economy can be insured against banking crises with deposit and loan contracts contingent on macroeconomic shocks. We study banking competition and show that the private sector insures the banking system through such contracts, and banking crises are avoided, provided that...

Persistent link: https://www.econbiz.de/10011932411

Size and distributional uncertainty, public information and legislation

Gersbach, Hans - 1995

Persistent link: https://www.econbiz.de/10013452970

Elections and campaign contributions, divided support and regulation

Gersbach, Hans - 1997

Persistent link: https://www.econbiz.de/10013453154

Competing for agglomerations

Bell, Clive - 1997

Persistent link: https://www.econbiz.de/10013401154

Organization of permit markets and the market solution to hold-up problems

Gersbach, Hans - 1997

Persistent link: https://www.econbiz.de/10013401160

Enough liquidity with enough capital - and vice versa?

Gersbach, Hans; Haller, Hans; Zelzner, Sebastian - 2023

funding risks. The model consists of a banking sector with long-term illiquid investment opportunities that need to be … financed by short-term debt and by issuing equity. Reliance on refinancing long-term investment in the middle of the life … return prospects on the long-term investment turn out to be bad. For moderate return risk, equilibria with and without bank …

Persistent link: https://www.econbiz.de/10014366762