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shields the private commercial bank from aggressive competition by these banks. -- banking ; competition ; cooperation : non …
Persistent link: https://www.econbiz.de/10003931316
The rise of a crisis-prone banking sector and its political power has received significant attention following the most recent financial crisis. The crisis sparked a growing interest in understanding how and why we have created a world of large, unstable banks. Excessive banking activity arose...
Persistent link: https://www.econbiz.de/10010514056
The rise of a crisis-prone banking sector and its political power has received significant attention following the most recent financial crisis. The crisis sparked a growing interest in understanding how and why we have created a world of large, unstable banks. Excessive banking activity arose...
Persistent link: https://www.econbiz.de/10011742914
Persistent link: https://www.econbiz.de/10001466950
Persistent link: https://www.econbiz.de/10003471340
We study time-consistent bank resolution mechanisms. When interventions are ex post efficient, a government cannot commit not to inject capital into the banking system. Contrary to common wisdom, we show that the government may still avoid moral hazard and implement the first best allocation by...
Persistent link: https://www.econbiz.de/10012794588
removing barriers to bank entry on bank competition and economic growth. As governments were not concerned about systemic … stability in this period, we are able to isolate the effects of bank competition from those of state implicit guarantees. We … states that retained state bank chartering policies. We argue that the fiercer bank competition following the introduction of …
Persistent link: https://www.econbiz.de/10010227307
Foreign bank entry is frequently associated with spillover effects for local banks and increasing competition in the … have positive welfare effects the stronger competition. Hence, competitive effects seem to reinforce each other, while … spillovers and competition tend to weaken each other. …
Persistent link: https://www.econbiz.de/10003412387
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