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The paper explores incentives created by the German Bank Restructuring Act for investors holding assets in systemically … to forego risks by curbing promises of systemic support. Adverse consequences result from the fact that the Bank …
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Hinter der Finanzindustrie liegen turbulente, aufreibende Jahre. Der dramatische Vertrauensverlust in Banken, die juristische Aufarbeitung von Skandalen und die damit zusammenhängenden Strafzahlungen in Milliardenhöhe, die Flut an neuen Regulierungsvorschriften, das grundsätzliche...
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Throughout the industrialised world the banking sector has embarked on a programme of restructuring and consolidation. In Japan the severity of the banking crisis has recently forced both the banking sector and the authorities to recognise deep-rooted problems and to take decisive action. In...
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