For their short-term payment obligations, savings banks hold substantially more liquid assets than the liquidity … in illiquid assets less intensively than is permitted because (i) the liquidity regulation underestimates actual … to non-banks do not transform sight deposits into illiquid assets as intensively as savings banks with high shares of non-bank …

-the-counter markets for liquidity in Germany: the interbank market for credit and for derivatives. We use end-of-quarter data from the …

This paper argues that a special bank bankruptcy regime is desirable for the efficient restructuring and/or liquidation … to better mitigate disruptions in the financial system and minimize the social costs of bank distress. We compare the U ….S., UK, and German bank bankruptcy frameworks and describe the EU framework for cross-border bank bankruptcy. We support our …