• The Limits of Model-Based Regulation 

      Behn, Markus; Haselmann, Rainer; Vig, Vikrant (2014-11-30)
      In this paper, we investigate how the introduction of complex, model-based capital regulation affected credit risk of financial institutions. Model-based regulation was meant to enhance the stability of the financial sector ...
    • The Political Economy of Bank Bailouts 

      Behn, Markus; Haselmann, Rainer; Kick, Thomas; Vig, Vikrant (2016-04-14)
      In this paper, we examine how the institutional design affects the outcome of bank bailout decisions. In the German savings bank sector, distress events can be resolved by local politicians or a state-level association. ...