We analyze the determinants and the long-run consequences of government interventions in the eurozone banking sector during the 2008/09 financial crisis. Using a novel and comprehensive dataset, we document that fiscally constrained governments "kicked the can down the road" by providing banks...

We analyze the determinants and the long-run consequences of government interventions in the eurozone banking sector during the 2008/09 financial crisis. Using a novel and comprehensive dataset, we document that fiscally constrained governments "kicked the can down the road" by providing banks...

Over the past two decades, banks have increasingly focused on offering contingent credit in the form of credit lines as a primary means of corporate borrowing. We review the existing body of research regarding the rationales for banks' provision of liquidity insurance in the form of credit...

Die Veröffentlichung der Ergebnisse des Comprehensive Assessment im Oktober 2014 durch die Europäische Zentralbank (EZB) markierte Höhepunkt und Abschluss der bis dato umfassendsten Bilanzprüfung des europäischen Banksektors. Die Überprüfung stützte sich in der Bewertung der Gesundheit...