help in this process and further facilitate bank resolution as laid down in the BRRD, which should be uphold even in …

This paper analyzes the emergence of systemic risk in a network model of interconnected bank balance sheets. Given a … shock to asset values of one or several banks, systemic risk in the form of multiple bank defaults depends on the strength … of balance sheets and asset market liquidity. The price of bank assets on the secondary market is endogenous in the model …

Bank internal ratings of corporate clients are intended to quantify the expected likelihood of future borrower defaults … internal rating systems, as currently discussed in a consultative paper issued by the Bank for International Settlement in …

examination of credit files of five leading German banks, thus relying on information actually used in the process of bank credit … decision-making and contract design. In particular, bank internal borrower ratings serve to evaluate borrower quality, and the … bank's own assessment of its housebank status serves to identify information-intensive relationships. Additionally, we used …