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Date	Type	Description
261 21/03/2014	Article	REF 113 Central Banks Crises and challenges The Progressive Construction of the Swiss Financial Competitive Advantage (1914-1936) Free access Alain LAURENT Guillaume VALLET This article aims at explaining how Switzerland succeeded in building a major competitive advantage in the financial sector. From a historical perspective, we show that the period… JEL classification : E58 E65 G21 N14 N24
262 06/12/2013	Article	REF 112 The European banking system (2) New Perspectives The Banking Union and European Supervision Free access Jörg ASMUSSEN The global financial crisis has revealed several drawbacks in financial regulation and supervision. The article, after having identified the main lessons from the financial and… JEL classification : E58 F36 G21 G28
263 06/12/2013	Article	REF 112 The European banking system (2) New Perspectives What Have We Learned from the Financial Crisis? Free access Erkki LIIKANEN The relationship between monetary policy and financial stability is reciprocal: financial stability will facilitate successful monetary policy and vice versa. There is now a… JEL classification : E58 F36 G01 G21 G28
264 06/12/2013	Article	REF 112 The European banking system (2) New Perspectives Bank Corporate Governance, Risk-Avoidance or Risk-Taking Free access Jean DERMINE Following up on the publication of the Walker Report (2009) in the United Kingdom, international organizations such as the Basel Committee, the OECD, and the European Union have… JEL classification : G21 G30
265 06/12/2013	Article	REF 112 The European banking system (2) New Perspectives Financial Instrument Valuation in European Banks between 2009 and 2011: Market Value or Model Value? Free access Dominique DUFOUR Grégory HEEM When financial markets are no more active, as in 2008, the question of fair value valuation techniques becomes crucial. IFRS 7 specifies a three-level hierarchy for fair value… JEL classification : G01 G12 G21 G28 M41
266 06/12/2013	Article	REF 112 The European banking system (2) New Perspectives Governance of the Single Supervisory Mechanism: Some Reflections Free access Donato MASCIANDARO María J. NIETO Euro area countries agreed on the Single Supervisory Mechanism (SSM) where the European Central Bank (ECB) will assume a crucial role. Our article reflects on the involvement of… JEL classification : E58 F36 G21 G28
267 06/12/2013	Article	REF 112 The European banking system (2) New Perspectives Universal Banks: Successful, yet Under Threat Free access Jan SCHILDBACH Bernhard SPEYER Universal banks are the predominant model of banking in Europe. Under the umbrella of the term “universal banking”, a wide variety of different models co-exist. What is common to… JEL classification : G01 G21
268 06/12/2013	Article	REF 112 The European banking system (2) New Perspectives Cross-Border Retail Banking: Exploring the Unknown Financial Globalization in Times of Financial Crises Free access Stefanie KLEIMEIER Harald SANDER The surge in cross-border banking prior to the 2007/08 global financial crisis took place not only in the interbank market but also in the retail market, e.g. between banks and… JEL classification : F30 G01 G15 G21
269 06/12/2013	Article	REF 112 The European banking system (2) New Perspectives CRD IV: An Asset for French and European Banks Free access Christian NOYER The CRD IV package, which transposes Basel III in Europe, is an unprecedented effort to foster financial stability within the European banking system. Compared to what is being… JEL classification : F36 G21 G28
270 06/12/2013	Article	REF 112 The European banking system (2) New Perspectives Banks: What Business Model in the Aftermath of the Crisis? Free access Sylvie MATHERAT The crisis that started in 2008 has not impacted the banks equally and did not reveal any optimal business model. In particular, the liquidity crisis triggered by the downward… JEL classification : G01 G21 G28
271 06/12/2013	Article	REF 112 The European banking system (2) New Perspectives Ethics in Microfinance Free access Reinhard H. SCHMIDT This paper argues that despite its moral crisis, microfinance is still today socially, economically and morally valuable, provided that it is done properly, which requires that it… JEL classification : G21 O16 O17
272 06/12/2013	Article	REF 112 The European banking system (2) New Perspectives Banks in Europe: The Impact of the Recent Regulatory Reforms Free access Franklin ALLEN Thorsten BECK Elena CARLETTI European countries have undertaken a large number of regulatory reforms since the outburst of the financial crisis or are in the process of doing so. These reforms range from… JEL classification : F36 G21 G28
273 06/12/2013	Article	REF 112 The European banking system (2) New Perspectives Risk-Based Regulation: Time to Go Back to the Future? Free access Andrew G. HALDANE Vasileios MADOUROS The regulatory infrastructure supporting the financial system has become increasingly complex over time. In this article, we focus on what has been the backbone of the regulatory… JEL classification : G21 G28
274 06/12/2013	Article	REF 112 The European banking system (2) New Perspectives Capital, Trust and Competitiveness in the Banking Sector Free access Thomas P. GEHRIG This paper provides an analysis of the Basle Committee. It argues that the whole process of capital regulation led to an unintentional erosion of capital and, ultimately, trust in… JEL classification : G21 G28
275 06/12/2013	Article	REF 112 The European banking system (2) New Perspectives Was it Possible to Solve the Cyprus Financial Crisis without Undermining Europe? Free access Jean MESSIHA Bruno-Laurent MOSCHETTO Frédéric TEULON The two major banks in Cyprus – Bank of Cyprus and Laiki Popular Bank – have lost more than €4 billion because of their exposure to the Greek bond market. In this paper, we look… JEL classification : E50 F36 G21
276 30/09/2013	Article	REF 111 The European banking system (1) State of play The New Regulatory Paradigm and the Economic Uncertainties Put the UK Banks to the Test Free access Laurent NAHMIAS The UK banks continued to be affected by both a weak internal business environment in 2012 and the risk of new housing market corrections. Badly shaken by the financial crisis,… JEL classification : G01 G21 G28
277 30/09/2013	Article	REF 111 The European banking system (1) State of play Savings Banks and Cooperative Banks in Europe Free access Dilek BÜLBÜL Reinhard H. SCHMIDT Ulrich SCHÜWER Historically, savings banks and cooperative banks have played an important role in the financial systems of almost all European countries. However, the wave of financial… JEL classification : G21 N24
278 30/09/2013	Article	REF 111 The European banking system (1) State of play Changes in Home Prices in France since 1998: Causes and Consequences Free access Marianne RUBINSTEIN From 1998 to 2012, the French housing market is experiencing an upward cycle of exceptional magnitude and duration. After providing some empirical evidence and international… JEL classification : G21 R21 R31
279 30/09/2013	Article	REF 111 The European banking system (1) State of play Germany’s Banking Sector Free access Guillaume GILQUIN Although Germany’s banking sector has experienced a wave of consolidation, especially since the financial crisis, the country is still home to a high number of banking… JEL classification : G01 G21 G28
280 30/09/2013	Article	REF 111 The European banking system (1) State of play Corporate Financing Provided by Markets in the United States and by Banks in the Euro Zone: What have we Learned from the Crisis? Free access Patrick ARTUS In the United States, companies obtain financing mainly in financial markets, while companies in the euro zone are financed mainly by banks. How have these two models for… JEL classification : G21 G32