We examine evidence for a systematic underperformance of Germany's state-owned banks in the current financial crisis and study if the bank losses can be...
This essay sheds new light on the importance of credit creation infrastructure in determining who actually receives government support during periods...
After a crisis, broad-sweeping reforms are enacted to restore trust. With the 2013 Fourth Capital Requirements Directive (CRD IV), the European Union...
We study a model in which firms compete preemptively for trading opportunities and risk management introduces latency in trading. As the time pressure...
The only profit-seeking business enterprises chartered by a federal government agency are banks. Yet, there is barely any scholarship justifying this...