[...]This paper aims to ascertain the quality (that is, thepredictive power and prediction errors) of two marketindicators: the distance to default and the subordinated debtspread. Previous work has established that banks’ marketprices reflect contemporaneous information about bank riskin the...

[...]In this paper, we employ a different empirical strategy tostudy the effects of ownership structure on firm performancethat is free from any corporate events in the ratherhomogenous banking industry. In essence, the performance ofpublicly traded bank holding companies (BHCs) is comparedwith...

Im Rahmen des IRB-Basisansatzes sieht Basel II eine Risikominderung durchKreditsicherheiten nur bezüglich einzelner Kredite vor. Da in der Bankpraxis durch die SicherungszweckerklärungKreditsicherheiten oftmals für mehrere Krediten abgestellt sind, ergibt sich ein Zuordnungsproblem,das eine...

This paper explains how the choice of the indirect holding system for securities settlement forced U.S.issuers to cede their shareholder data to intermediaries. Part I describes the law applicable to thetransfer of certificated securities. Part II describes how the paper-intensive process of...

This festschrift celebrates the extensive contribution John Wanna has made to the research and practice of politics, policy and public administration. It includes both personal acknowledgements of his work and substantial essays on the issues that he focused most closely upon during his academic...