The German Bank Restructuring Act: An Economic Perspective

Research output: Working paperWorking papers

Standard

The German Bank Restructuring Act: An Economic Perspective. / von Müller, Camillo.
Berkeley: Berkeley Electronic Press, 2011. (German Working Papers in Law and Economics; No. 16).

Research output: Working paperWorking papers

Harvard

von Müller, C 2011 'The German Bank Restructuring Act: An Economic Perspective' German Working Papers in Law and Economics, no. 16, Berkeley Electronic Press, Berkeley. <https://www.alexandria.unisg.ch/publications/207850>

APA

von Müller, C. (2011). The German Bank Restructuring Act: An Economic Perspective. (German Working Papers in Law and Economics; No. 16). Berkeley Electronic Press. https://www.alexandria.unisg.ch/publications/207850

Vancouver

von Müller C. The German Bank Restructuring Act: An Economic Perspective. Berkeley: Berkeley Electronic Press. 2011. (German Working Papers in Law and Economics; 16).

Bibtex

@techreport{7cf5c97d5ee94483a8174f72f766b2f3,
title = "The German Bank Restructuring Act: An Economic Perspective",
abstract = "The paper explores incentives created by the German Bank Restructuring Act for investors holding assets in systemically important banks (SIBs). Its purpose is to examine consequences that follow for risk choices of SIBs, as well as for Germany{\textquoteright}s financial system. Applying the analytical model of Stigliz (1990) the study reinforces the view that regulators can induce SIBs to forego risks by curbing promises of systemic support. Adverse consequences result from the fact that the BankRestructuring Act is affecting different groups of SIB-investors heterogeneously. This leads to macro-effects that bear potentials to offset risk reductions achieved on the micro level. ",
keywords = "Economics, Bailout Guarantees, Banking Act, Bank Reorganization Act, Bank Restructuring Act, Bank Restructuring Fund Act, Financial Markets, Risk, Systemically Important Institutions",
author = "{von M{\"u}ller}, Camillo",
year = "2011",
language = "English",
series = "German Working Papers in Law and Economics",
publisher = "Berkeley Electronic Press",
number = "16",
address = "United States",
type = "WorkingPaper",
institution = "Berkeley Electronic Press",

}

RIS

TY - UNPB

T1 - The German Bank Restructuring Act: An Economic Perspective

AU - von Müller, Camillo

PY - 2011

Y1 - 2011

N2 - The paper explores incentives created by the German Bank Restructuring Act for investors holding assets in systemically important banks (SIBs). Its purpose is to examine consequences that follow for risk choices of SIBs, as well as for Germany’s financial system. Applying the analytical model of Stigliz (1990) the study reinforces the view that regulators can induce SIBs to forego risks by curbing promises of systemic support. Adverse consequences result from the fact that the BankRestructuring Act is affecting different groups of SIB-investors heterogeneously. This leads to macro-effects that bear potentials to offset risk reductions achieved on the micro level.

AB - The paper explores incentives created by the German Bank Restructuring Act for investors holding assets in systemically important banks (SIBs). Its purpose is to examine consequences that follow for risk choices of SIBs, as well as for Germany’s financial system. Applying the analytical model of Stigliz (1990) the study reinforces the view that regulators can induce SIBs to forego risks by curbing promises of systemic support. Adverse consequences result from the fact that the BankRestructuring Act is affecting different groups of SIB-investors heterogeneously. This leads to macro-effects that bear potentials to offset risk reductions achieved on the micro level.

KW - Economics

KW - Bailout Guarantees

KW - Banking Act

KW - Bank Reorganization Act

KW - Bank Restructuring Act

KW - Bank Restructuring Fund Act

KW - Financial Markets

KW - Risk

KW - Systemically Important Institutions

M3 - Working papers

T3 - German Working Papers in Law and Economics

BT - The German Bank Restructuring Act: An Economic Perspective

PB - Berkeley Electronic Press

CY - Berkeley

ER -