rationalize the lack of reform, exposing them as invalid. Admati and Hellwig argue we can have a safer and healthier banking … situation benefits bankers, it distorts the economy and exposes the public to unnecessary risks. Weak regulation and ineffective … enforcement allowed the buildup of risks that ushered in the financial crisis of 2007-2009. Much can be done to create a better …

There has been renewed interest in the role of financial elites since the economic crisis of 2008. This edited book …

Finanzdienstleistungsaufsicht (BaFin) and the Bundesbank have closely coordinated with the interagency risk committee on banking matters, which also …This paper discusses Germany’s challenges and measures to strengthen crisis management arrangements. Bundesanstalt für … encompasses BaFin representatives for all three financial sectors. The Bundesbank maintains an internal crisis committee and a …

The recent financial crisis has shown how interconnected the financial world has become. Shocks in one location or … asset class can have a sizable impact on the stability of institutions and markets around the world. But systemic risk … banking statistics. …

multivariate probability model-and their application to studying the determinants of banking crises. The use of these models to … provide early warnings for crises is also reviewed, as are studies of the economic effects of banking crises and of the …

risk-averse depositors. A "banking crisis" is defined as a case in which banks exhaust their reserve assets. Under … higher (lower) crisis probability. Thus, the relative crisis probabilities under the two banking systems cannot be determined … independently of the conduct of monetary policy. We further show that the probability of a "costly banking crisis" is always higher …

This paper provides a framework to assess the benefits and costs of intervening in a banking crisis. Intervention … resolution strategy. Dominant factors affecting net benefits are the relative size of the banking system and the loss liquidation …