We test whether limited market discipline imposes exit barriers and poor profitability in banking. We exploit an … exogenous shock to the governance of governmen-owned banks: the unification of counties. County mergers lead to enforced … borrow more at lower cost, increase investment, and exhibit higher employment. Thus, reduced exit frictions in banking seem …

and study if the bank losses can be traced to the quality of bank governance. For this purpose, we examine the … supervisory board (in-)competence in finance is related to losses in the financial crisis. Improved bank governance is therefore a …

of last resort and investigate how it formulates policy under alternative public and private governance structures … on free banking, in particular the issue of whether private institutions would fare well as lenders of last resort.In our … model, the first-best LOLR scheme always covers the whole banking sector and offers full insurance to the participants …

instruments and of the underlying governance structures. This article summarizes the most important findings of the report as …

The architecture of governance structures for renewable energies in Germany is characterized by a duality of economic … problematic with respect to resource efficiency and distributive justice. The paper argues for a more integrated governance …Die Architektur der Governance-Strukturen für erneuerbare Energien in Deutschland ist durch eine Dualität von …

instruments and of the underlying governance structures. This article summarizes the most important findings of the report as …