Aus der Aktualität des Regelwerks von Basel III resultieren neue Fragestellungen, denen sich Martin Windl auf Basis von mikroökonomischen Modellen nähert. Auf eine Diskussion des industrie- und informationsökonomischen Ansatzes der Bank folgt zunächst eine Vorstellung relevanter Beiträge...

Sebastian Moenninghoff provides an extensive overview of the status of the ‘Too-Big-to-Fail’ doctrine post-crisis and develops the first comprehensive framework to categorize and discuss the full range of major policy options for regulating banks. Governments need to actively manage their...

1 Introduction and Overview -- 2 A Primer for Economics of Banking -- Part I Too-Big-to-Fail in Banking Review -- 3 Introduction to Too-Big-to-Fail in Banking -- 4 TBTF Causal Chain: Explicit and Implicit Government Guarantees -- 5 Public Cost and Benets of TBTF -- 6 TBTF Policy Recommendations...

Chapter 1: Introduction -- Part I: Alternative Lending and How to Regulate -- Chapter 2: Towards an EU market-based financial system: The emergence of Credit Alternative Investment Funds -- Chapter 3: The need for regulation: Innovation and Market Failure -- Part II: AIF-Lending and Bank Lending...

Chapter 1: Public Support for the Euro and Trust in the ECB: The first two decades of the common currency -- Chapter 2: Revisiting Public Support for the Euro, 1999-2017: Accounting for the crisis and the recovery -- Chapter 3: Public Support for the Euro -- Chapter 4: Crisis and Public Support...

Part I: Banks in Emerging Markets -- Peculiarities and Trends of Banking Systems Development -- Regulation of Financial Risks in Emerging Markets: Past, Present and Future -- Part II: Ratings and Risk Measuring -- Principles of Rating Estimation in Emerging Countries -- Aggregation of Rating...

Zinssätze und Anleihen -- Futures und Forwards -- Swaps -- Optionen -- Grundlegende Modelle der Optionsbepreisung -- Kritische Analyse bestehender Finanzmodelle und problematische Entwicklungen auf den Finanzmärkten.

This book, unique in its composition, reviews the academic empirical literature on how CDSs actually work in practice, including during distressed times of market crises. It also discusses the mechanics of single-name and index CDSs, the theoretical costs and benefits of CDSs, as well as...

This book provides an up-to-date guide to managing Country Risk. It tackles its various and interlinked dimensions including sovereign risk, socio-political risk, and macroeconomic risk for foreign investors, creditors, and domestic residents. It shows how they are accentuated in the global...

Gevorg Hunanyan develops a model that provides a comprehensive theoretical framework to study the consequences of short-sale constraints on the stability of financial markets. This model shows that overpricing of securities is solely attributable to the subjective second moment beliefs of...