Nachkrisenzeit! Halten Sie sich fest: Nichts wird so, wie es einmal war und es wird auch nie wieder so sein. Werfen Sie alle gelernten Denkmuster schnell über Bord, gewöhnen Sie sich an ein neues Weltbild, die Kräfteverhältnisse haben sich über Nacht grundlegend verändert

Iceland has developed an oversized banking system - with assets valued at 8 times its GDP - which has effectively transformed the country into a hedge fund. Domestic banks have borrowed heavily abroad to buy foreign banking assets, leveraging their capital base several times over. As a bust is...

There is general agreement that banking supervision and resolution have to be organised at the same level. It is often argued, however, that there is no need to tackle deposit insurance because it is too politically sensitive.This note proposes to apply the principles of subsidiarity and...