In Europe, the financial stability mandate generally rests at the national level. But there is an important exception. Since the establishment of the Banking Union in 2014, the European Central Bank (ECB) can impose stricter regulations than the national regulator. The precondition is that the...

One key focus of the on-going debate on the integration of international financial markets have been measures to lengthen the maturity of foreign debt. Short-term debt is typically considered to be volatile and thus a potential trigger of currency crises. In contrast to the vivid policy debate...

Der Beitrag geht über die Transformation des Bankensystems in Osteuropa und über die Erfahrungen, die bisher damit gemacht wurden. Bisher kann festgestellt werden, daß die Reformländer in eine Bankunion mit der EG treten sollen, um dadurch eine Effizienzsteigerung zu erreichen. Das Bankrecht...