The current crisis has been seen as the result of a “few bad apples”. The paper argues that the crisis is systemic and based on fallacies and misconceptions in the design and function of the economic – corporate system. Organizational and economic theories are based on hypotheses that lead...

In diesem Beitrag untersuchen wir die Rolle von Genossenschaftsbanken, Kreditbanken und Sparkassen bei der Vergabe langfristiger Kredite an junge, kleine Unternehmen. Dies geschieht am Beispiel von Krediten aus öffentlichen Förderprogrammen, die in Deutschland einen substantiellen Anteil aller...

This working paper examines the degree of collusion in the banking sector of Hong Kong based on the conjectural variation approach. The results suggest that banks in Hong Kong operated in a competitive fashion in the loan market during the period 1991-2002 with no significant sign of collusion...

The proper functioning of the board of directors plays a crucial role for the management of listed banks: a system of checks and balances can help to reduce the risk of uncontrolled growth. The board performance self-evaluation can improve corporate governance, as confirmed by the...

In this paper we examine how German cooperative banks, (non-cooperative) private credit banks and savings banks contribute to the long-term loan financing of young and small firms. Bank loans, especially long-term bank loans, are often used by young and small firms in Germany. We focus on a...

This essay argues that at least some of the financial stability concerns associated with shadow banking can be addressed by an approach to financial regulation that imports its functional foundations more vigorously into the interpretation and implementation of existing rules. It shows that the...

This paper analyzes the evolving architecture for the prudential supervision of banks in the euro area. It is primarily concerned with the likely effectiveness of the SSM as a regime that intends to bolster financial stability in the steady state. By using insights from the political economy of...

This paper outlines relatively easy to implement reforms for the supervision of transnational banking-groups in the E.U. that should not be primarily based on legal form but on the actual risk structures of the pertinent financial institutions. The proposal also aims at paying close attention to...

This paper analyzes the evolving architecture for the prudential supervision of banks in the euro area. It is primarily concerned with the likely effectiveness of the SSM as a regime that intends to bolster financial stability in the steady state. By using insights from the political economy of...

Das Banken- und Versicherungsaufsichtsrecht benennt an mehreren Stellen ausdrücklich gruppenbezogene Pflichten des übergeordneten Unternehmens. Deren Realisierbarkeit hängt von gesellschafts-, insbesondere konzernrechtlichen Schranken ab, die für die Einflussnahme auf nachgeordnete...