The 2007-08 financial crisis has posed substantial challenges for bankers, economists and regulators: was it preventable, and how can such crises be avoided in future? This book addresses these questions. The Financial Crisis and the Regulation of Finance includes a comprehensive overview of the...

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...

Main description: Die große Bedeutung institutioneller Rahmenbedingungen für das Auftreten und für die Vermeidung sowie für die Wirkungen von Krisen tritt mit jeder neuen Krise in den Fokus wissenschaftlicher Diskussionen. Dieser Sammelband konzentriert sich auf die institutionellen Bezüge...

Business cycles imply liquidity risks for banks. This paper explores how these risks influence bank lending over the cycle. With forward-looking banks, lending cycles, credit booms and busts, or suppressed and highly fragile bank systems can emerge, depending on the magnitude of liquidity risks....