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Outside of financial crises, investors have little incentive to produce private information on banks' short-term liabilities held as information-insensitive safe assets. The same does not hold true during crises. We measure daily information production using data from credit default swap spreads...
Persistent link: https://www.econbiz.de/10013243048
We describe the evolution of balance sheets of monetary financial institutions (MFI) in Portugal before, during, and after the sovereign debt crisis of the late 2000's. We account for several dimensions of heterogeneity including size, type, and nationality. We find that the Portuguese MFI...
Persistent link: https://www.econbiz.de/10013018683
The paper identifies how a usage fee parallel digital currency is more attractive than Bitcoins, either to provide liquidity in a crisis or for stimulating businesses on a sustainable basis. User fee "Stamp Scrip" successfully stimulated businesses and distressed communities during the Great...
Persistent link: https://www.econbiz.de/10013022242
and Technology, Berlin, sieht derzeit die Voraussetzungen für eine Bankenunion nur sehr eingeschränkt gegeben. Deutschland …
Persistent link: https://www.econbiz.de/10011693370
and Technology, Berlin, sieht derzeit die Voraussetzungen für eine Bankenunion nur sehr eingeschränkt gegeben. Deutschland …
Persistent link: https://www.econbiz.de/10010578145
Mit den Beschlüssen zur europäischen Regulierung im Dezember 2012 hat die EU einen Schritt in Richtung Bankenunion … gemacht. Nach Ansicht von Sabine Lautenschläger, Deutsche Bundesbank, braucht Europa Zeit, um eine europäische Bankenaufsicht … of Management and Technology (ESMT), Berlin, sieht den Beschluss der EU zur europäischen Regulierung als einen Schritt in …
Persistent link: https://www.econbiz.de/10011693438
Mit den Beschlüssen zur europäischen Regulierung im Dezember 2012 hat die EU einen Schritt in Richtung Bankenunion … gemacht. Nach Ansicht von Sabine Lautenschläger, Deutsche Bundesbank, braucht Europa Zeit, um eine europäische Bankenaufsicht … of Management and Technology (ESMT), Berlin, sieht den Beschluss der EU zur europäischen Regulierung als einen Schritt in …
Persistent link: https://www.econbiz.de/10010877400
Based on a detailed trade-level dataset, we analyze the proprietary trading behavior of German banks in the months directly preceding and following the Lehman collapse in September 2008. The default of Lehman Brothers was a shock to the German banking system that was both unexpected and...
Persistent link: https://www.econbiz.de/10012952017
Based on a detailed trade-level dataset, we analyze the proprietary trading behavior of German banks in the months directly preceding and following the Lehman collapse in September 2008. The default of Lehman Brothers was a shock to the German banking system that was both unexpected and...
Persistent link: https://www.econbiz.de/10011671299
Economists in the public are accused of propagating highly professional, but unrealistic theories that mislead market agents and policy makers to place too much confidence in rational behaviour and market equilibrium. The paper analyses to what extent the US banking crisis and the euro crisis...
Persistent link: https://www.econbiz.de/10010202231