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The funds concentration effect and discriminatory bailout
Erlenmaier, Ulrich; Gersbach, Hans - 2001
In the presence of macroeconomic shocks severe enough to threaten the liquidity or solvency of the banking system, the regulator can rely on the funds concentration effect to save long-term investment projects. Some banks are forced into bankruptcy with the result that other banks obtain more...
Persistent link: https://www.econbiz.de/10011400865
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The funds concentration effect and discriminatory bailout
Erlenmaier, Ulrich; Gersbach, Hans - 2001
In the presence of macroeconomic shocks severe enough to threaten the liquidity or solvency of the banking system, the regulator can rely on the funds concentration effect to save long-term investment projects. Some banks are forced into bankruptcy with the result that other banks obtain more...
Persistent link: https://www.econbiz.de/10001626078
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Banking-on-the-average rules : editor's choice
Gersbach, Hans; Hahn, Volker - In: CESifo economic studies : a joint initiative of the … 65 (2019) 2, pp. 131-153
Persistent link: https://www.econbiz.de/10012117631
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The inefficiency of free banking
Gersbach, Hans - 1994
Persistent link: https://www.econbiz.de/10000147680
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The inefficiency of free banking
Gersbach, Hans - 1994 - Current version: Nov. 1993
Persistent link: https://www.econbiz.de/10000897038
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Banking-on-the-average rules
Gersbach, Hans; Hahn, Volker - 2009 - This version: March 2009
In this paper, we argue for a regulatory framework under which a bank’s required level of equity capital depends on the … regulatory framework. In addition, we argue that banking-on-the-average rules ensure the build-up of bank equity capitals in …
Persistent link: https://www.econbiz.de/10008732399
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Financial intermediation, regulation and the creation of macroeconomic risks
Gersbach, Hans - 1998
Persistent link: https://www.econbiz.de/10001369561
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Taking banks to Solow
Gersbach, Hans; Rochet, Jean-Charles; Scheffel, Martin - In: Contemporary issues in macroeconomics : lessons from …, (pp. 176-198). 2016
Persistent link: https://www.econbiz.de/10011433011
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On the economics of crisis contracts
Aptus, Elias; Britz, Volker; Gersbach, Hans - 2016
Persistent link: https://www.econbiz.de/10011502345
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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