Tag Archives: financial crisis

New Policy Paper on Cross-Border Effects of National Deposit Insurance Systems

Posted on September 18, 2019 by

Deposit insurance systems are a common feature of the financial systems of most countries. Their rationale is twofold: to protect bank depositors in case of a bankruptcy and, even more importantly, to avoid widespread bankruptcies as a consequence of bank … Continue reading →

Posted in deposit insurance, financial stability, global banking, Uncategorized | Tagged , ,

Keynote Lecture on Retail Banking Market Integration and Financial Stability in the Eurozone

Posted on July 12, 2017 by

In my Jean Monnet keynote lecture on the International Conference on Banking and Finance at the University of Warsaw on 10 July 2017, entitled “Whatever it takes: Retail Banking Market Integration and Financial Stability in the Eurozone”, I have highlighted … Continue reading →

Posted in deposit insurance, Euro crisis, financial stability, fiscal policy, retail banking | Tagged , ,

Deposit Insurance in Times of Crises: Safe Haven or Regulatory Arbitrage?

Posted on June 6, 2017 by

  An updated version of this paper has been presented on the 2017 Biennial IADI Research Conference: Designing an Optimal Deposit Insurance System – Theory and Practice, on 1-2 June 2017 at the Bank for International Settlements in Basel. See … Continue reading →

Posted in deposit insurance, financial crisis, global banking, retail banking, Uncategorized | Tagged , ,

New Research Paper: The Resurgence of Cultural Borders during the Financial Crisis: The Changing Geography of Eurozone Cross-Border Depositing

Posted on May 7, 2016 by

This paper, jointly written with Stefanie Kleimeier and Sylvia Heuchemer, has just been published by the Journal of Financial Stability 24(2016) and can be dowloaded here (free access until June 23, 2016). The paper investigates the impact of cultural borders … Continue reading →

Posted in culture, Euro crisis, financial crisis, financial stability, retail banking, Uncategorized | Tagged , , , ,

New Working Paper: Deposit Insurance in Times of Crises: Safe Haven or Regulatory Arbitrage?

Posted on October 14, 2015 by

In a new working paper, co-authered with Stefanie Stefanie Kleimeier and Shusen Qi, we examine the impact of deposit insurance (DI) schemes on bilateral cross-border deposits. Our results suggest that not only the existence of explicit DI, but also DI design features, which reflect … Continue reading →

Posted in financial crisis, financial stability, global banking, retail banking | Tagged , ,

The use of overly intrusive conditionality in Greece is threatening the European project

Posted on May 31, 2015 by

A Greek default may be only a matter of weeks away unless an agreement on the reform programme between Greece and “the institutions” will be reached. But Greece demands to renegotiate the whole programme, while the institutions, fearing a precedent, … Continue reading →

Posted in conditionality, Euro crisis, fiscal policy | Tagged , , ,

The ‘Juncker plan’ does not offer a genuine path to boosting the Eurozone’s recovery

Posted on March 22, 2015 by

The €315 billion European investment initiative – the so called ‘Juncker plan’ – was accepted by EU finance ministers on 10 March and is expected to go operational as a new “European Fund for Strategic Investment” (EFSI) by mid-2015. Is … Continue reading →

Posted in Euro crisis, fiscal policy | Tagged , , ,

Quantitative easing: Germans have nothing to lose but their fears!

Posted on January 22, 2015 by

The European Central Bank is due to decide whether and how to undertake quantitative easing (QE) via large-scale purchases of government debt on secondary markets. For Germany – as the Eurozone’s largest economy and one with a decidedly conservative monetary stance – … Continue reading →

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The case for using public investment to boost growth in the Eurozone is overwhelming

Posted on October 28, 2014 by

One year after the Eurozone’s much hyped ‘recovery’, signalled by some green shoots in the second quarter of 2013, the region’s quarterly economic growth is flat again. Even Germany’s growth prospects have been revised downward, and recent IMF estimates point to an almost 40 … Continue reading →

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