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Stages of the ongoing global financial crisis: Is there a wandering asset-price bubble?

Orlowski, Lucjan T. - 2008

This study identifies five distinctive stages of the current global financial crisis: the meltdown of the subprime mortgage market, spillovers into broader credit market, the liquidity crisis epitomized by the fallout of Northern Rock, Bear Stearns with contagion effects on other financial...

Persistent link: https://www.econbiz.de/10011430817

Will the Adoption of Basel II Encourage Increased Bank Merger Activity? Evidence from the United States

Hannan, Timothy H.; Pilloff, Steven J. - 2005

This study presents two tests of the hypothesis that adoption of an internal ratings-based approach to determining minimum capital requirements, proposed as part of the Basel II capital accord, would cause adopting banking organizations to increase their acquisition activity. The study employs...

Persistent link: https://www.econbiz.de/10011689918

Banking Mergers and Acquisitions in the EU: Overview, Assessment and Prospects

Ayadi, Rym; Pujals, Georges - 2005

This paper aims at providing a complete picture of banking mergers and acquisitions (M&As) in Europe during the 1990s and at offering economic evaluation and strategic analyses of the process. The main characteristics of this process in the 1990s were the emergence of " mega banks" at the...

Persistent link: https://www.econbiz.de/10011689920

Die Nutzung insolvenzrechtlicher Sanierungswege durch kleine und mittlere Unternehmen: Das Beispiel der Eigenverwaltung

Kranzusch, Peter; Icks, Annette - 2018

Mit der Einführung des ESUG wurde das Insolvenzrecht Deutschlands im Jahr 2012 reformiert. Das ESUG eröffnet neue Sanierungswege, z. B. das eigenverwaltete Schutzschirmverfahren vor der Insolvenz und die Eigenverwaltung während des Eröffnungsverfahrens. Insgesamt beantragen weiterhin nur...

Persistent link: https://www.econbiz.de/10011818046

Wind-down of bank trading books: Operational aspects and hidden costs

Santoni, Alessandro; Rossignol, Ghislain; Akhouen, Richard - 2023

The writing of this article predates by several months the failure of Silicon Valley Bank and the takeover of Credit Suisse which occurred in March 2023. It does not represent the views of the European Central Bank (ECB) and should not be construed as linked to or an advice for the winding down...

Persistent link: https://www.econbiz.de/10014374601

Two New Measures of Bankruptcy Efficiency

Brogi, Ricardo; Santella, Paolo - 2004

This study is aimed at developing new empirical models for evaluating the efficiency of bankruptcy legislations. The … of the lack of creditors' powers in bankruptcy. In the second part, we develop a new rating method for bankruptcy … introduce a new approach for empirically estimating the efficiency of bankruptcy legislation based on the cost of banking credit …

Persistent link: https://www.econbiz.de/10011689917

The New Basel Capital Framework and its implementation in the European Union

Dierick, Frank; Pires, Fatima; Scheicher, Martin; … - 2005

Following the adoption by the Basel Committee of new capital rules for banks, a process is now taking place in the EU to transpose the rules into Community law and, ultimately, into national legislation. This paper gives an overview of the main issues that relate to the EU implementation, mainly...

Persistent link: https://www.econbiz.de/10011606194

The unequal effect of new banking rules in Europe

Marzinotto, Benedicta; Rocholl, Jörg - 2010

In this paper, Benedicta Marzinotto and Jörg Rocholl focus on the tightening of credit conditions for banking rules (Basel III), particularly the estimated macroeconomic costs range, monetary policy and the aggregate costs of the measures. The authors report that the monetary policy response to...

Persistent link: https://www.econbiz.de/10010273720

Can Basel II enhance financial stability? A pessimistic view

Wray, L. Randall - 2006

Even as the United States enjoys an economic expansion, there is an undercurrent of concern among economic analysts who follow financial markets. Some feel that the expansion of the credit derivatives markets poses the threat of a crisis similar to the Long-Term Capital Management debacle of...

Persistent link: https://www.econbiz.de/10010280345

Effects of Foreign Ownership on Innovation Activities - Empirical Evidence for 12 European Countries

Falk, Martin - 2008

In the present study we investigate the relationship between foreign ownership and innovation activities using the firm-level data of the third Community Innovation Survey (CIS) covering 12 European countries. Probit estimates based on 28,000 firms observations show that foreign owned firms are...

Persistent link: https://www.econbiz.de/10011345616