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The German bank restructuring act : an economic perspective
Müller, Camillo von - 2012
The paper explores incentives created by the German Bank Restructuring Act for investors holding assets in systemically important banks (SIBs). Its purpose is to examine consequences that follow for risk choices of SIBs, as well as for Germany's financial system. Applying the analytical model of...
Persistent link: https://www.econbiz.de/10009788241
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Bondholder Reorganization of Systemically Important Financial Institutions
Gjerstad, Steven - 2017
This paper describes a resolution process for faltering financial firms that quickly allocates losses to bondholders and transfers ownership of the firm to them. This process overcomes the most serious flaws in resolution plans submitted by banks under Dodd-Frank Title I and in the FDIC...
Persistent link: https://www.econbiz.de/10012946341
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CEO Risk Incentives and the Riskiness of Securitization Transactions in the Financial Industry
Fabrizi, Michele - 2016
The paper investigates the role of CEO risk incentives in increasing the riskiness of securitization transactions in the financial industry. Using a sample of US financial institutions, and a system model to account for the endogeneity problem between risk incentives and securitization, we...
Persistent link: https://www.econbiz.de/10012994251
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Risk diversification by European financial conglomerates
Slijkerman, Jan Frederik; Schoenmaker, Dirk; Vries, … - 2005
We study the dependence between the downside risk of European banks and insurers. Since the downside risk of banks and insurers differs, an interesting question from a supervisory point of view is the risk reduction that derives from diversification within large banks and financial...
Persistent link: https://www.econbiz.de/10011346454
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Measuring and stress-testing market-implied bank capital
Indergand, Martin; Jondeau, Eric; Fuster, Andreas - 2022
We propose a methodology for measuring the market-implied capital of banks by subtracting from the market value of equity (market capitalization) a credit-spread-based correction for the value of shareholders' default option. We show that without such a correction, the estimated impact of a...
Persistent link: https://www.econbiz.de/10013168743
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On the instability of banking and other financial intermediation
Gu, Chao; Monnet, Cyril; Nosal, Ed; Wright, Randall D. - 2019
, cyclic, or stochastic equilibria. Four formalizations are considered: a dynamic version of Diamond-Dybvig banking …
Persistent link: https://www.econbiz.de/10012023696
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On the instability of banking and other financial intermediation
Gu, Chao; Monnet, Cyril; Nosal, Ed; Wright, Randall D. - 2019
, cyclic, or stochastic equilibria. Four formalizations are considered: a dynamic version of Diamond-Dybvig banking …
Persistent link: https://www.econbiz.de/10012018898
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Assessing systemic risk : an analysis of the German banking sector
Rotermund, Sophie-Dorothee - 2019
banking sector. Precisely, it is questioned whether currently employed systemic risk indicators are able to account for banks … indicators are indeed able to account for the German banking sector's heterogeneity, providing insight into different bank types … risk. Structural features of the German banking sector amplify the risk of individual institutions and thus their …
Persistent link: https://www.econbiz.de/10012117773
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Financial technology and the future of banking
Broby, Daniel - In: Financial innovation : FIN 7 (2021), pp. 1-19
theory of banking and the literature on digital transformation. It provides an explanation for existing trends and, by … extending the theory of the banking firm, it illustrates how financial intermediation will be impacted by innovative financial … banking and the all-digital banks. The paper contributes to an understanding of the future of banking, providing a framework …
Persistent link: https://www.econbiz.de/10012594546
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Bank restructuring in practice
1999
Persistent link: https://www.econbiz.de/10001401932