Die Abhandlung stellt die wesentlichen Neuerungen der europäischen Regelungen zur Sanierung und Abwicklung von Kreditinstituten vor. In diesem Zusammenhang werden die Fragen aufgeworfen, ob die vorrangige Heranziehung der Kapitalgeber und der Gläubiger von Banken bei der Bankenabwicklung zur...

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...

European credit institutions are expected to pile up a relevant amount of non-performing loans (NPLs) as a consequence of the crisis provoked by the Covid-19 pandemic. Against this backdrop, one of the most critical issues at stake is whether credit institutions currently hold an amount of...

The paper builds a simplified model describing the economy of a currency union with decentralised national fiscal policy, where the main features characterising the policy-making are similar to those in EMU. National governments choose the size of deficit taking into account the two main rules...