competition/performance and financial sector openness (meaning foreign bank access to domestic markets), and between growth and …

us to match exporters with the main bank that provides them with trade finance. Our point estimates are economically and …

bank suffering from liquidity shocks, we find that the unregulated bank keeps too much liquidity and monitors too little. A … central bank can alleviate the liquidity problem, but induces moral hazard. Therefore, we introduce an additional authority … that is able to bail out the bank either by injecting capital at a fixed return or by receiving an equity claim. This …

factors: cross-border externalities from bank failures and heterogeneity in bank failure costs. Based on a simple model we …

A regulator resolving a bank faces two audiences: depositors, who may run if they believe the regulator will not …

by interbank lending. This paper shows that common regulation is also a conduit for interbank contagion. One bank … behaviour can be privately to exhibit forbearance to a failing bank. We show that regulatory transparency improves confidence ex …