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This article explores the effect of delays in updating prudential regulation on countries' likelihood of experiencing … banking crises, and it disentangles the impact of different aspects of regulation on crisis onset. I argue that delays in … revising banks' prudential regulation allow banks to adopt risky behavior. This increases a country's vulnerability to systemic …
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Exploiting staggered interstate banking deregulation as exogenous shocks to bank geographic expansion, we examine the causal effect of geographic diversification on systemic risk. Using the gravity-deregulation approach developed in Goetz, Laeven, and Levine (2013, 2016), we find that bank...
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Durch die demographischen und ökonomischen Entwicklungen der letzten Dekaden sind Zweifel an der Tragfähigkeit der Gesetzlichen Rentenversicherung (GRV) laut geworden. Die Rufe nach einer Neugestaltung sind in keinem Zweig der Sozialversicherung so deutlich wie in der GRV. Ökonomische...
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