A tanulmányban körbejárjuk a devizahitelezés problémakörét. Az első részben az elméleti és az empirikus szakirodalom eredményeit ismertetjük, megvizsgáljuk, milyen tényezők segítik/segítették vagy gátolják/gátolták a devizahitelezés kialakulását, elsősorban a...

The aim of this research is to analyse the quality and the determinants of the social reports related to the Italian mutual banks (BCC) during 2010-2011. The qualitative aspects are captured by the compliance extent in accord with the standard measures GRI and ABI, while, the determinants...

This paper provides a comprehensive, global database of deposit insurance arrangements as of 2013. We extend our earlier dataset by including recent adopters of deposit insurance and information on the use of government guarantees on banks' assets and liabilities, including during the recent...

We study how a mortgage reform that exogenously increased access to credit had an impact on entrepreneurship, using individual-level micro data from Denmark. The reform allows us to disentangle the role of credit access from wealth effects that typically confound analyses of the collateral...

The macroprudential regulatory framework of Basel III imposes the same capital and liquidity requirements on all banks around the world to ensure global competitiveness of banks. Using an agent-based model of the financial system, we find that this is not a robust framework to achieve...

Staatliche Bürgschaften und Bürgschaftsbanken sind wichtige Instrumente, um Kreditrationierung aufgrund von Informationsasymmetrien zu reduzieren und somit die Finanzierung kleiner und mittelständischer Unternehmen zu erleichtern. Der vorliegende Beitrag untersucht die Wirksamkeit dieser...

Securitization is a financial innovation that experiences a boom-bust cycle, as many other innovations before. This paper analyzes possible reasons for the breakdown of primary and secondary securitization markets, and argues that misaligned incentives along the value chain are the primary cause...

In Germany a public discussion on the power of banks has been going on for decades now with the term power having at least two meanings. On the one hand, it denotes the power of banks to control public corporations through direct shareholdings or the exercise of proxy votes this is the power of...

This paper argues that whatever the macro- and micro-outcomes of the current economic, financial and regulatory crises, the roles of central banks worldwide are changing fundamentally. These changes will not be uniform, and different models of central banking, especially with regard to strategic...

Banks cannot be made fail-safe. But they can be made safe to fail, so that the failure of a bank need not disrupt the economy at large nor pose cost to the taxpayer. In other words, banks can be made resolvable, and “too big to fail” can come to an end. To do so, the authorities, banks and...