I analyze the optimal design of banking supervision in the presence of cross-border lending. Cross-border lending could imply that an individual bank failure in one country could trigger negative spillover effects in another country. Such cross-border contagion effects could turn out to be...

Since the onset of the eurozone sovereign debt crisis, credit risk spreads in Europe have diverged. Despite this divergence, credit risk comoves strongly within certain country groups such as the eurozone periphery. We seek to answer what the determinants of the observed pattern of credit risk...

I analyze the optimal design of banking supervision in the presence of cross-border lending. Cross-border lending could imply that an individual bank failure in one country could trigger negative spillover effects in another country. Such cross-border contagion effects could turn out to be...

Purpose - The purpose of this paper is to propose an object-oriented model of financial simulations which aims to test the applicability and suitability of the proposed measures of Basel III with respect to the prevention of banking crises.Design/Methodology/Approach - We introduce an...

Die Ursachenforschung der Hypotheken- und Finanzmarktkrise schlägt sich zunehmend im Buchmarkt nieder, siehe H.-L. Merten (in dieser Nr.) und M. Hüfner (BA 12/08). Hier nun eine volks- und finanzwirtschaftliche Analyse eines Professors für Wohnungs- und Immobilienwirtschaft. Ein Überblick...