Abstract Claimants to Systemically Important Financial Institutions (SIFIs) would receive
transfers when governments are forced into bailouts. Ex ante, this bailout expectation lowers …

Five years have passed since the outbreak of one of the worst financial crises the world has
ever witnessed. Yet, despite the exceedingly diverse range of publications that have sought …

Jacob Kleinow widmet sich in diesem Buch systemrelevanten Finanzinstituten (SIFIs) und
hierbei in besonderem Maße der Messung des Systemrisikos, der Untersuchung seiner …

Purpose–The purpose of this paper is to analyze the rationale for Bank Recovery and
Resolution Funds (BRRFs) in the context of the present European Union's (EU) …

Financial integration and globalization have acted as a major stimulus in the development of
large, internationally operating banks, which not only provide cross-border services but also …

In rejecting the recurring perception that “this time is different,” Reinhart and Rogoff (2009)
show that in a historical perspective, financial crises exhibit remarkable parallels in areas …

Es ist möglich, ein Finanzsystem zu konstruieren, in dem es eine nur geringe Anzahl
systemrelevanter Finanzinstitute gibt. Es ist aber nicht möglich, ein Finanzsystem zu …

Global financial markets have experienced an unprecedented succession of crises affecting
the processes, structures, and rules of said markets. As well as the underlying crises …

A systemic risk is a cascading disaster, a multiplier of risks that spread over society and
increase the existing social vulnerabilities in the community. Systemic risk-cascading …

The financial institution bankruptcies that emerged after the 2008 global financial crisis
showed that the governments do not allow Systemically Important Financial Institutions to …