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The Basel capital adequacy ratios lost credibility with financial markets during the crisis. This paper argues that failure was the result of the reliance of the Basel standards on overstated asset values in reported equity capital. The United States' stress tests were able to assist in...
Persistent link: https://www.econbiz.de/10014048919
language of Basel I gives banks excessive leeway in their interpretation of its rules, and, in the end, allows financial … rules on emerging market banks; and that (4) although each accord states that its positions are not recommended for …
Persistent link: https://www.econbiz.de/10014203766
The European Banking Union needs a single supervisor. Therefore, the establishment of the Single Supervisory Mechanism (SSM) is the first fundamental step in centralising powers over the banking sector within the Euro Area. This article examines the significant legal issues raised by the...
Persistent link: https://www.econbiz.de/10014160572
In the macro-prudential literature, ‘inaction bias’ describes the supposed tendency of macro-prudential actors to favour inaction over action when considering the use of macro-prudential tools. While inaction bias is a topic of much interest in macro-prudential policy circles, it has...
Persistent link: https://www.econbiz.de/10014107664
In just six years, bitcoin has gone from a relatively obscure piece of code to an internationally recognized form of payment. Yet, opinions about bitcoin’s future are mixed. After considering the major factors affecting bitcoin’s future use, I offer some modest predictions. In brief, I...
Persistent link: https://www.econbiz.de/10014134430
The Bitcoin Market Potential Index conceptualizes and ranks the potential utility of bitcoin across 178 countries to show where the cryptocurrency has the greatest relative potential for adoption. The index utilizes a data set with 40 variables from the following areas: technology penetration,...
Persistent link: https://www.econbiz.de/10012996346
In recent years, U.S. government entities have become increasingly active as commercial participants in corporate restructurings by providing rescue loans when private market funding is unavailable. Like private lenders, the government can effectively control the operations of distressed...
Persistent link: https://www.econbiz.de/10012963450
The present study seeks to analyse the provisions of the 2013 Charter of the Basel Committee on Banking Supervision, which is one of the most important international financial fora composing the architecture governing the international financial system. Its scope is confined to institutional and...
Persistent link: https://www.econbiz.de/10012965408
The first global cryptocurrency benchmarking study presents a systematic and comprehensive picture of a rapidly evolving industry, illustrating how cryptocurrencies are being used, stored, transacted and mined. The study gathered non-public data from more than 100 cryptocurrency companies and...
Persistent link: https://www.econbiz.de/10012956785
bank capital that is able to absorb losses of banks, without hindering the continued operations of banks. The qualitative … resolution nor do they relate to the additional capital requirements imposed on systematically important banks. They also are not … binding effects between banks and their shareholders and bond investors. Another topic addressed in this contribution concerns …
Persistent link: https://www.econbiz.de/10013025275