1. Discussion and Working Paper // 2016

    Government Guarantees and Bank Risk Taking Incentives

    This paper analyzes the effect of the removal of government guarantees on bank risk taking. We exploit the removal of guarantees for German Landesbanken which results in lower credit ratings, higher funding…

  2. Discussion and Working Paper // 2015

    Capital Shortfalls in SSM Banks: How much progress has been made?

    On 26 October 2014, the European Central Bank (ECB) published the results of the comprehensive assessment that comprised both an asset quality review (AQR)as well as a stress test. Banks that have shown capital…