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Competition and stability in banking
Vives, Xavier - 2010
Persistent link: https://www.econbiz.de/10003983970
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Competition and stability in banking
Vives, Xavier - 2010
competition and stability in banking. There are two basic channels through which competition may increase instability: by … incentives to take risk and raise failure probabilities. The competition-stability trade-off is characterized and the … implications of the analysis for regulation and competition policy are derived. It is found that optimal regulation may depend on …
Persistent link: https://www.econbiz.de/10003967776
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Bailouts and financial fragility
Keister, Todd - 2010
How does the belief that policymakers will bail out investors in the event of a crisis affect the allocation of resources and the stability of the financial system? I study this question in a model of financial intermediation with limited commitment. When a crisis occurs, the efficient policy...
Persistent link: https://www.econbiz.de/10008746936
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Bailouts and Financial Fragility
Keister, Todd - 2012
Should policy makers be prevented from bailing out investors in the event of a crisis? I study this question in a model of financial intermediation with limited commitment. When a crisis occurs, the efficient policy response is to use public resources to augment the private consumption of those...
Persistent link: https://www.econbiz.de/10013115675
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Expectations versus Fundamentals : Does the Cause of Banking Panics Matter for Prudential Policy?
Keister, Todd - 2011
There is a longstanding debate about whether banking panics and other financial crises always have fundamental causes or are sometimes the result of self-fulfilling beliefs. Disagreement on this point would seem to present a serious obstacle to designing policies that promote financial...
Persistent link: https://www.econbiz.de/10013119802
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Expectations versus fundamentals : does the cause of banking panics matter for prudential policy?
Keister, Todd; Narasiman, Vijay - 2011
There is a longstanding debate about whether banking panics and other financial crises always have fundamental causes or are sometimes the result of self-fulfilling beliefs. Disagreement on this point would seem to present a serious obstacle to designing policies that promote financial...
Persistent link: https://www.econbiz.de/10009349627
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Competition and stability in banking
Vives, Xavier - 2010
competition and stability in banking. There are two basic channels through which competition may increase instability: by … incentives to take risk and raise failure probabilities. The competition-stability trade-off is characterized and the … implications of the analysis for regulation and competition policy are derived. It is found that optimal regulation may depend on …
Persistent link: https://www.econbiz.de/10010270643
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Competition and Stability in Banking
Vives, Xavier - 2010
competition and stability in banking. There are two basic channels through which competition may increase instability: by … incentives to take risk and raise failure probabilities. The competition-stability trade-off is characterized and the … implications of the analysis for regulation and competition policy are derived. It is found that optimal regulation may depend on …
Persistent link: https://www.econbiz.de/10013144578
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Competition and Stability in Banking
Vives, Xavier - 2013
competition and stability in banking. There are two basic channels through which competition may increase instability: by … incentives to take risk and raise failure probabilities. The competition-stability trade-off is characterized and the … implications of the analysis for regulation and competition policy are derived. It is found that optimal regulation may depend on …
Persistent link: https://www.econbiz.de/10013094726