The Turkish real estate market has shown noticeable developments in recent years due to various reasons. In this article, we are attempting to define the pros and cons of the Turkish real estate market. We are also questioning whether the deficiencies may decrease the potential value of the...

The global financial and economic crisis has struck Iceland with extreme force. Iceland’s three main banks, accounting for almost all of the banking system, failed in October 2008. They were unable to resist the deterioration in global financial markets following the failure of Lehman...

Kann die Bankenaufsicht den Übergang zu einer kohlenstoffneutralen Wirtschaft unterstützen, indem sie die Kreditvergabe der Banken an Unternehmen beeinflusst? Dieser Beitrag untersucht die Kreditvergabe der Banken vor und nach dem weltweit ersten Klimastresstest in Frankreich und die Reaktion...

Kann die Bankenaufsicht den Übergang zu einer kohlenstoffneutralen Wirtschaft unterstützen, indem sie die Kreditvergabe der Banken an Unternehmen beeinflusst? Dieser Beitrag untersucht die Kreditvergabe der Banken vor und nach dem weltweit ersten Klimastresstest in Frankreich und die Reaktion...

We ask if bank supervisors’ efforts to combat climate change affect banks' lending and their borrowers’ transition to the carbon-neutral economy. Combining information from the French supervisory agency’s climate pilot exercise with borrowers' emission data, we first show that banks that...

The wide use of netting agreements is regarded as highly beneficial, both by financial market participants and by regulatory authorities. One might even say that some of the fundamental mechanisms used to govern modern markets (risk management, establishment of capital requirements) are...

From a broad macro-financial structure perspective, overly easy credit conditions gave rise to house price booms and busts in several advanced economies (e.g., Ireland, Spain, and the U.S.), and, more specifically in the U.S., an underpricing of risk made possible by regulatory arbitrage and...

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...

Der aktuell diskutierte Gesetzentwurf für eine Reform der Einlagensicherung in Weißrussland verfolgt das Hauptziel, mehr Sparmittel der Bevölkerung für das planwirtschaftliche Wirtschaftssystem verfügbar zu machen. Bei einer nicht passgenau auf die Landessituation abgestimmten Ausgestaltung...