Topics for a Master thesis (Themen für Diplomarbeiten)

Topics for a Master thesis
Topics - Bernd Bartels:
1. Do Banking Crises affect Sovereign Risk across countries
Literature:
Reinhart, Carmen M., and Kenneth S. Rogoff (2013): Banking crises: An equal opportunity menace,
Journal of Banking & Finance, 37.11: 4557-4573.
Reinhart, Carmen M. (2002): Sovereign Credit Ratings Before and After Financial Crises, University
Library of Munich, Germany.
2. Restructuring Public Debt – How does it work and how much does it cost
Literature:
Sturzenegger, Federico, and Jeromin Zettelmeyer (2005): Haircuts: Estimating Investor Losses in
Sovereign Debt Restructurings, 1998-2005, IMF Working Paper, 05/137.
Sturzenegger, Federico, and Jeromin Zettelmeyer (2006): Debt defaults and lessons from a decade of
crises, MIT press.
Cruces, Juan, and Christoph Trebesch (2013): Sovereign Defaults: The Price of Haircuts, American
Economic Journal: Macroeconomics, 5(3), pp. 85–117, 2013.
Topics - Alexander Schaefer:
Topic 1: “Living Wills” and the efficiency of a bank’s orderly resolution process
Emilios Avgouleas, Charles Goodhart and Dirk Schoenmaker (2010), “Living Wills as a Catalyst for
Action”, DSF Policy Paper, No. 4, May 2010
Topic 2: Leaving the Universal Banking System – The way back to separate investment banking from
“mainstreet banking”
Chow, Julian T.S. & Surti, Jay (2011), “Making Banks Safer: Can Volcker & Vickers Do it”, IMF
Working Paper No. 11/236

Topic 3: Bank’s security cushions: How much equity is enough
Anat R. Admati, Peter deMarzo, Martin F. Hellwig & Paul Pfleiderer, “ Fallacies, Irrelevant Facts, and
Myths in the Discussion of Capital Regulation: Why Bank Equity is Not Expensive” Stanford GSB
Research Paper No. 2063
Topic 4: How to organize the Resolution of SIFIs
Key Attributes of Effective Resolution Regimes for Financial Institutions, The Financial Stability Board,
October 2011
http://www.financialstabilityboard.org/publications/r_111104cc.pdf