This paper seeks to understand the interplay between banks, bank regulation, sovereign default risk and central bank … guarantees in a monetary union. I assume that banks can use sovereign bonds for repurchase agreements with a common central bank … in other “safe” countries will impose tighter regulation. As a result, governments in risky countries get to borrow more …

We develop a simple model of banking regulation with two policy instruments: minimum capital requirements and … regulation. Therefore, countries are better off by harmonising regulation on an international standard. …

rating agency and the bank corrupts rating quality, rating-independent regulation enhances welfare. The welfare benefits are …This paper models the strategic interaction between a rating agency, a bank and a bank regulator who lacks information … about bank asset risk. The regulator can either (1) make bank capital requirements contingent on credit ratings; or (2) set …

Article underscores the dark side of both phenomena by focusing on the anti-competitive features of regulation and reform and …

Authorities often lack information for efficient regulation of the commons. This paper derives a criterion comparing …

We consider environmental regulation in a context where firms invest in abatement technology under conditions of …