On 5-6 September 2012 SUERF held its 30th Colloquium "States, Banks, and the Financing of the Economy" at the University of Zürich, Switzerland. The papers included in this SUERF Study are based on contributions to the Colloquium. All the chapters in this publication discuss from different...

A growing body of new research has emphasized the macroeconomic consequences of transactional impediments in factor markets, and their role in the recurrent restructuring requirements of modern economies. We first review the function institutional arrangements play in facilitating transactions...

Several studies investigated the predictability of financial distress. With this paper, we analyse the ability of Integrated Rating model to anticipate potential corporate crisis. In particular, we study bankrupt companies of four European Countries (Czech Republic, Spain, Italy, France,...

The crises of 2002 and 2008 have raised the issue of banking sector's ranking system efficiency. The CRAs are crucial for the modern financial market. The impact that the ratings have is indisputable. The paper is seeking to find the factors that affect the ratings and to create a prediction...

The aim of this article is to identify systemically important banks on a European scale, according the criteria proposed by supervisory authorities. In this study, we discuss the analytical framework for identifying and benchmarking systemically important financial institutions. We selected a...

The crises of 2002 and 2008 have raised the issue of banking sector's ability to absorb the effects of the crises. The inactivity of banks may be the result of a number of events, such as merger & acquisition (M&A), liquidation, default-bankruptcy, etc. Bankruptcy has been found to be a...

The present study contains a further update of the comprehensive overview of the evolution of European (EU) banking law under the influence of public international banking law. It is structured in two Chapters. Chapter I, entitled “Public International Financial Law (Regulation)” contains...