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Efficiency gains of a European banking union
Schoenmaker, Dirk; Siegmann, Adriaan Hendrik - 2013
Persistent link: https://www.econbiz.de/10010191428
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For Diversity in the International Regulation of Financial Institutions : Critiquing and Recalibrating the Basel Architecture
Romano, Roberta - 2013
This paper challenges the prevailing view of the efficacy of harmonization of international financial regulation and … increasing the flexibility of the international financial regulatory architecture, as a means of reducing systemic risk, It … regulatory error's increasing systemic risk, by reducing the likelihood that international banks worldwide will follow broadly …
Persistent link: https://www.econbiz.de/10013090480
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Can European Bank Bailouts Work?
Schoenmaker, Dirk - 2016
Cross-border banking needs cross-border recapitalisation mechanisms. Each mechanism, however, suffers from the financial trilemma, which is that cross-border banking, national financial autonomy and financial stability are incompatible. In this paper, we study the efficiency of different...
Persistent link: https://www.econbiz.de/10013008000
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Doctrine of public good in banking versus state intervention
Masiukiewicz, Piotr - 2014
This article has a following thesis: changes in banking and a role of banks in real economy in last years, give an argument for treating banks as public good. Banks received a great support from governments as a result of the subprime crisis. G-20 and European Commission recommended new...
Persistent link: https://www.econbiz.de/10012002038
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A Simple Model of an International Lender of Last Resort
Goodhart, Charles; Huang, Haizhou - 2008
This paper develops a simple model of an international lender of last resort (ILOLR). The world economy consists of … exchange rate. The fragility of the banking system and the limited ability of a domestic central bank to provide international … liquidity together can cause currency and banking crises. An international interbank market can help an economy with the needed …
Persistent link: https://www.econbiz.de/10014152993
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Quo vadis, euroland? European Monetary Union between crisis and reform
Hellwig, Martin - 2011
This lecture discusses the 2010 crisis of the European Monetary Union and draws some lessons for reform. Crisis resolution has been difficult because the sovereign debt crisis of countries like Greece and Portugal has come together with real-estate and banking crises in countries like Ireland...
Persistent link: https://www.econbiz.de/10010286723
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Why are banks not recapitalized during crises?
Crosignani, Matteo - 2017
I develop a model where the sovereign debt capacity depends on the capitalization of domestic banks. Low-capital banks optimally tilt their government bond portfolio toward domestic securities, linking their destiny to that of the sovereign. If the sovereign risk is sufficiently high,...
Persistent link: https://www.econbiz.de/10011710170
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The ESRB at 1
Gerlach, Stefan (ed.); Gnan, Ernest (ed.); Ulbrich, Jens (ed.) - Conference on ESRB at 1 <1, 2011, Berlin>; SUERF - The …; … - 2012
SUERF – The European Money and Finance Forum, the Deutsche Bundesbank and the Institute for Monetary and Financial Stability (IMFS) took the opportunity of the first anniversary of this new institution to organise a joint conference in Berlin on 8-9 November 2011. The purpose of this event was...
Persistent link: https://www.econbiz.de/10011711529
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Quo vadis, euroland? European Monetary Union between crisis and reform
Hellwig, Martin - 2011
This lecture discusses the 2010 crisis of the European Monetary Union and draws some lessons for reform. Crisis resolution has been difficult because the sovereign debt crisis of countries like Greece and Portugal has come together with real-estate and banking crises in countries like Ireland...
Persistent link: https://www.econbiz.de/10009153317
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On the Need for a Fiscal Backstop to the Banking System
Schoenmaker, Dirk - 2016
In the aftermath of the financial crisis, governments are rightly reducing their exposure to the banking system. Bail-in arrangements should ensure that shareholders and creditors take the first losses. The next line of defence is a resolution fund, which is filled via levies on banks....
Persistent link: https://www.econbiz.de/10013006142