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This paper revisits the relationship between liberalization and systemic banking crisis in light of a more comprehensive measure of financial liberalization and its interaction with various measures of banking governance and institutional quality. We estimate the probability of systemic banking...
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Every financial crisis triggers some regulatory and supervisory changes related to the ensuing threats. These regulations usually address specific types of risks and reduce them but do not protect the entire system from another crisis. The aim of this study was to develop a conceptual framework...
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Die vorliegende Arbeit sucht mögliche Wege, einige Kernfragen der Bankenregulierung anzugehen. Zunächst analysieren wir … Bankenregulierungen in der letzten Finanzkrise scheiterten. Danach stellen wir einige Vorschläge der akademischen Forschung vor, die die … Liquiditätsrisikos begründet. Wir zeigen, dass die unregulierte Ökonomie in einer Bankenkrise endet, wenn ein schwerer negativer …
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