Classical single-factor comparable company valuation (CCV) like e.g. valuation using the price-earnings ratio is associated with several shortcomings. The two most important are the non-applicability of…
This paper examines how capital is determined by German banks. We analyse whether the determinants found in the previous empirical literature hold for the special German banking sector with its three…
Dieser Artikel gibt einen Literaturüberblick über die Kon- zepte von Unabhängigkeit und Verantwortlichkeit einer Zentralbank, wie sie aus ökonomischer Sicht wahrgenommen werden. Unabhängigkeit wird in dieser…
This paper discusses the incentive conflicts that arise in banking supervision in the EU in a principal-agent framework, where the regulator is the agent and the taxpayers is the principal. The regulatory…