The paper analyses the relationship between deposit insurance, debt-holder monitoring, and risk taking. In a stylised banking model we show that deposit insurance may reduce moral hazard, if deposit insurance credibly leaves out non-deposit creditors. Testing the model using EU bank level data...

Divorces or separations classed as "cross-border" (parents of different nationalities or leaving in different Member States) lead to very complicated legal situations, notably regarding the relationship between the parents and the children of these former couples. An in-depth analysis of the...

We model the impact of bank mergers on loan competition, banks' reserve holdings and aggregate liquidity. Banks compete in a differentiated loan market, hold reserves against liquidity shocks, and refinance in the interbank market. A merger creates an internal money market that induces financial...

This paper uses the co-incidence of extreme shocks to banksu0092 risk to examine within country and across country contagion among large EU banks. Banksu0092 risk is measured by the first difference of weekly distances to default and abnormal returns. Using Monte Carlo simulations, the paper...

This paper analyzes cooperation between sovereign national authorities in the supervision and regulation of a multinational bank. We take a political economy approach to regulation and assume that supervisors maximize the welfare of their own country. The communication between the supervisors is...

This Addendum intents to amend the original study on u0093Comparative Law on the Rules Governing Conflicts of Jurisdiction and Laws on Matrimonial Property Regimes and the Implications for Property Issues of the Separation of Unmarried Couples in the Member Statesu0094 prepared in May 2002. The...