Finanz- und Schuldenkrisen treten häufig gemeinsam auf, da Banken in Staatsanleihen ihrer Heimatländer investieren. Unumstritten ist, dass Bankenrisiken von Staatsrisiken stärker entkoppelt werden sollten. Die Bankenunion, deren Ausgestaltung zugegebenermaßen schwierig ist, wird häufig als...

Am 6. November 2014 wurde die Umsetzung der Bankenunion mittels vier neuer Gesetze auch im Bundestag final besiegelt, nachdem sie zuvor bereits auf europäischer Ebene beschlossen wurde. Die Bankenunion ruht im Wesentlichen auf zwei Säulen: dem einheitlichen Aufsichtsmechanismus (SSM) und dem...

This paper explores how banks adjust their risk-based capital ratios and asset allocations following an exogenous shock to their asset quality caused by Hurricane Katrina in 2005. We find that independent banks based in the disaster areas increase their risk-based capital ratios after the...

In December 2013 agreement on the second pillar of the banking union was reached. The SRM sets up restructuring guidelines for banks, including a bank-paid resolution fund, fully operational in 2025. In the article we discuss how the current design of the banking union falls short of the goal of...

The debate about TARGET2, the payment system of the European System of Central Banks (ESCB), has resulted in controversial discussions in Germany in recent years. The present study by DIW Berlin concludes that fears often expressed in this context of the risks to Germany are largely unfounded....

Despite the most recent period of calm on the financial markets, the long-term resilience of the European financial system is not yet assured, even several years after the financial crisis began. However, the stability of the financial system plays a crucial role for real economic development...

Target 2 - the payment system of the Eurosystem - caused a controversial debate in Germany during the recent past. This report reaches the conclusion, that any fear expressed with respect to potentially too large risks for Germany is to a large extent unfounded. Rather, Germany should be...

Since the beginning of the crisis, large Target 2 positions developed on the balance sheets of the national central banks in the euro area. At the height of this development in the middle of 2012, the German Bundesbank disclosed Target-claims vis-à-vis the ECB amounting to around 750 billion...