Project-related Research and Commentaries

The case for risk sharing in currency unions (Dimension 1)

The Exchange Rate Insulation Puzzle, Giancarlo Corsetti, Keith Kuester, Gernot Müller, and Sebastian Schmidt, CEPR Discussion Paper 15689, December 2021, summary on VoxEU

Risk Sharing in Currency Unions: the Migration Channel, Wilhelm Kohler, Gernot Müller and Susanne Wellmann CEPR Discussion Paper 16178, August 2021, summary on VoxEU

 

Banking union and regulation (Dimension 2)

Cover your Assets: Non-performing Loans and Coverage Ratios in Europe, Lucia Alessi, Brunella Bruno, Elena Carletti, Katja Neugebauer, and Isabella Wolfskeil, Economic Policy, Volume 36, Issue 108, October 2021, Pages 685–733

Bank bail-in and disputed claims: Can it cope? The case for and against a vis attractiva resolutionisJens-Hinrich Binder, Journal of Banking Regulation 21 (2020), 54-63

Supervisory Incentives in a Banking Union, Elena Carletti, Giovanni Dell'Ariccia, and Robert Marquez, Management Science, Vol. 67 No. 1, March 2020

Central Counterparties' Insolvency and Resolution: The new EU Regulation on CCP Revcovery and Resolution, Jens-Hinrich Binder, European Banking Institute Working Paper Series 2021 - no. 82, February 2021

Resolution Regimes in the Financial Sector: In Need of Cross-sectoral Regulation?, Jens-Hinrich Binder, in: V. Colaertm, D. Busch and Th. Incalza (eds.), European Financial Regulation: Levelling the cross-sectoral playing field (London: Bloomsbury Hart, 2019), pp. 227-243

Bank lending and resolution (Dimension 3)

MREL as a cornerstone of EU bank resolution law, Georgios Psaroudakis, work in progress

Corporate restructuring versus financial resolution: benchmarks for the lawful treatment of creditors and shareholders, Georgios Psaroudakis, European Business Law Review Vol.32 Issue 6,pp 991-1020, 2021.

Causation between false information to investors and damage: Comparative remarks, Paraskevi Nikou, work in progress

Towards Harmonised Frameworks for the Liquidation of Non-Systemically Relevant Credit Institutions in the EU? A Discussion of Policy Choices and Potential Impediments, Jens-Hinrich Binder, European Company and Financial Law Review, 555-587, 2021

Proportionality at the resolution stage: Calibration of resolution measures and the public interest testJens-Hinrich Binder, EBOR 21, pp 453-474, 2020

Participation of non-euro area member states in the SRM: centralised decision-making, decentralized implementation - shared responsibilities, Jens-Hinrich Binder, Building Bridges: Ventral Banking in an Interconnected World - ESCB Legal COnference, pp. 313-330, 2019.

The Relevance of the Resolution Tools Within the SRM, Jens-Hinrich Binder, in: V. Santoro and M.P. Chiti (eds.), The Palgrave Handbook on European Banking Union Law, pp. 299-320, London: Palgrave Macmillan, 2019

Cross-border coordination of bank resolution in the EU: all problems resolved?, Jens-Hinrich Binder, in: M. Haentjens (ed.), Research Handbook on Cross-border Bank Resolution, pp. 30-56, Cheltenham: Edward Elgar Publishing, 2019

The choice between judicial and administrative sanc-tioned procedures to manage liquidation of banks: a transatlantic perspectiveJens-Hinrich Binder, Maria Nieto, Mike Krimminger and Dalvinder Singh, Capital Markets Law Journal 14 (2019), 176-216

Sovereign risk (Dimension 4)

The Price of Law: The Case of the Eurozone Collective Action Clauses, Elena Carletti, Paolo Colla, Mitu Gulati, and Steven Ongena, The Review of Financial Studies, December 2020

Different no more: Country Spreads in Advanced and Emerging Economies, Benjamin Born, Gernot Müller, Johannes Pfeifer, and Susanne Wellmann, CEPR Discussion Paper 14392, May 2020, summary on VoxEU

Cross-country migration in the Euro Area (Dimension 5)

Skills and Substitutability: A New View on Immigrants Assimilation, Pietro Galeone and Joseph-Simon Görlach, working paper, November 2021

Asymmetric shocks and Heterogeneous Worker Mobility in the Euro Zone, Ricardo Franceschin and Joseph-Simon Görlach, working paper, September 2020

 

The Legitimacy of Risk Sharing Arrangements (Dimension 6)

Next Generation EU: Legal Construction, Legitimacy, Efficiency, Martin Nettesheim, Kube/Reimer (Hrsg.), Schriftenreihe des Instituts für Finanz- und Steuerrecht Heidelberg, 2021 (im Erscheinen) 

Next Generation EU: Die Transformation der EU-Finanzverfassung, Martin Nettesheim, Archiv des Öffentlichen Rechts 145 (2020), 381-437

Änderung des EU-Eigenmittelbeschlusses und Grundgesetz. Stellungnahme im Rahmen der Öffentlichen Anhörung des Deutschen Bundestages, Martin Nettesheim, Ausschuss für die Angelegenheiten der EU, October 26th, 2020

Keine verstärkte Zusammenarbeit zu Lasten aller. Oder wie „Next Generation Europe“ nicht realisiert werden kann, Martin Nettesheim, November 20th, 2020

Legally Feasible, Constitutionally Dubious. Establishing „Next Generation Europe“ on the Basis of EU Secondary Legislation, Martin Nettesheim, December 4th, 2020