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On the economics of crisis contracts
Aptus, Elias; Britz, Volker; Gersbach, Hans - 2014
of a banking crisis and improve social welfare. We explore how Crisis Contracts and capital requirements can supplement …
Persistent link: https://www.econbiz.de/10010337016
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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
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Enough liquidity with enough capital - and vice versa?
Gersbach, Hans; Haller, Hans; Zelzner, Sebastian - 2023
We study the interplay of capital and liquidity regulation in a general equilibrium setting by focusing on future … default coexist, and bank default is a self-fulfilling prophecy. Capital and liquidity regulation can prevent bank default and … liquidity regulation. Adding liquidity regulation to optimal capital regulation is redundant. …
Persistent link: https://www.econbiz.de/10014366762
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Why bank money creation?
Gersbach, Hans; Zelzner, Sebastian - 2022 - This version: April 20, 2022
risksensitive capital requirements, can reduce or even eliminate such losses. …
Persistent link: https://www.econbiz.de/10013187924