stressed credit markets and confirms their superior performance in explaining the behavior of Credit Default Swap rates for the … major US banking groups over the period of the financial crisis. Affine models find it hard to deal with periods of … exceptionally high or low default risk given their assumption of a constant rate of mean reversion in the hazard rate. In contrast …

BIS in Basel to improve quality and enhance the effectiveness of banking supervision. The Eurodollar market and the rise … of offshore financial centers had concurred to create an increasingly interlinked web of international banking … transactions. The system of national supervision of domestic banking system had to be completed by incisive and coordinated action …

This monograph challenges the myth that the recent banking crisis was caused by insufficient statutory regulation of … are designed to target, in a non-intrusive way, particular weaknesses in a banking system that is backed by deposit …

local banking crisis), highlighting the importance of a resilient banking system during crisis periods. Moreover, empirical … outcomes show that lower banking competition supports economic growth and increases financial stability. This study provides a … framework for banks and regulators to boost economic growth through the channel of banking stability. …

The UBS- Credit Suisse (CS) merger in March 2023, one of the biggest banking unions in history, was an emergency rescue … deal engineered by Swiss authorities to avoid more market-shaking turmoil in global banking. The merger resulted in a …