Verlagsinfo: Die Teilnehmer der nationalen europäischen Märkte sehen sich im Zuge des seit geraumer Zeit andauernden und noch anhaltenden Wandlungsprozesses mit neuen Rahmenbedingungen konfrontiert. Der Wandel kann mit Schlagwörtern wie Technologisierung, Globalisierung,...

Banks matter for economic growth, for poverty alleviation, for income distribution and for human welfare as a whole. And banks matter when they fail. According to Ross Levine (2005), the fiscal costs of banking crises in developing countries since 1980 have exceeded $1 trillion, and some...

The urgency of estimating the impact of climate risks on the financial system is increasingly recognized among scholars and practitioners. By adopting a network approach to financial dependencies, we look at how climate policy risk might propagate through the financial system. We develop a...

This chapter provides a basic overview of banking and financial regulation for the forthcoming Oxford Handbook of Law and Economics (Francesco Parisi, ed.). Among other things, the chapter compares traditional and shadow banking and their regulation, differentiating “microprudential”...

Based on a modified version of a model used in Corvoisier and Gropp (2002) and de Guevara et al (2005), we argue that banks' soundness, the structural characteristics and efficiency of the banking sector and the development of the capital markets are forming a financial nexus. For a data set of...