In the immediate aftermath of the current financial crisis in the United States the response has been to resolve small and medium size banks, while large banks experiencing financial trouble have been given both direct and indirect government support. This, however, has resulted in a number of...

In seinem Kommentar setzt sich Wernhard Möschel, Universität Tübingen, mit den staatlichen Verantwortlichkeiten für die Finanzkrise auseinander und diskutiert die staatlichen Maßnahmen bzw. Vorschläge zu ihrer Behebung.

In seinem Kommentar setzt sich Wernhard Möschel, Universität Tübingen, mit den staatlichen Verantwortlichkeiten für die Finanzkrise auseinander und diskutiert die staatlichen Maßnahmen bzw. Vorschläge zu ihrer Behebung.

We discuss the new Basel bank capital framework and the central bank's general approach to its practical implementation in the home-host context of Australia and New Zealand. Bank capital plays an important role in absorbing large financial losses, especially under severe downturn conditions....

“Has anyone bothered to study the cumulative effect of all these things?” the chief executive officer of JPMorgan Chase reasonably inquired of the chairman of the Federal Reserve Board at a bankers gathering in Atlanta last June. The CEO, Jamie Dimon, was referring to the combination of...

Banks lend more to banks that are similar to them. Using data from the German credit register and proprietary supervisory data on the quality of banks’ loan portfolio, we show that a similar portfolio of the lending and borrowing bank helps to overcome information asymmetries in interbank...

The recent financial crisis highlighted the role of Bank Holding Companies (BHCs) in exacerbating the crisis and in transmitting monetary policy beyond the local economy to global markets. Yet, little is known about their behavior, as most models of banking typically focus on banks with a loan...

Insufficient capital buffers of banks have been identified as one main cause for the large systemic effects of the recent financial crisis. Although higher capital is no panacea, it yet features prominently in proposals for regulatory reform. But how do increased capital requirements affect...

Insufficient capital buffers of banks have been identified as one main cause for the large systemic effects of the recent financial crisis. Although higher capital is no panacea, it yet features prominently in proposals for regulatory reform. But how do increased capital requirements affect...

Insufficient capital buffers of banks have been identified as one main cause for the large systemic effects of the recent financial crisis. Although higher capital is no panacea, it yet features prominently in proposals for regulatory reform. But how do increased capital requirements affect...