This paper models the strategic interaction between a rating agency, a bank and a bank regulator who lacks information …

The aim of this paper is to investigate the long run relationship between the development of banks and stock markets … as evidence supporting the significance of financial development for economic development although banks and stock …

incentive pay in the critical banking segments of treasury/capital market management and investment banking for 66 banks. We …

We examine evidence for a systematic underperformance of Germany’s state-owned banks in the current financial crisis … biographical background of 593 supervisory board members in the 29 largest banks and find a pronounced difference in the finance … and management experience of board representatives across private and state-owned banks. Measures of “boardroom competence …

Traditionally banks have used securitization for expanding credit and thus their profitability. It has been well … documented that, at least before the 2008 crisis, many banks were keeping a high proportion of the securities that they created …-rated tranche. This paper builds a simple model of securitization that accounts for the above retention strategies. Banks in the …

No voters cast their votes based on perfect information, but better educated and richer voters are on average better … strong correlation between income and political information, Congress representatives vote more conservatively, which is also …

appropriate information provision enhances efficiency. We discuss extensions of the model and argue that subsidies may be a … property of a signalling equilibrium to overcome credibility problems in information provision. In addition we point out … possible problems with overreaction to public information. Furthermore, we suggest a new focus for development policy. …

A rational-expectations equilibrium with positive demand for financial information does exist under fully revealing … average portfolio demand information in equilibrium if they can adjust portfolio size. More information diminishes the … endowments strongly differ from the average portfolio are worse off. Under fully revealing price, information market equilibria …

This paper considers the optimal taxation of savings intermediation and payment services in a dynamic general … are generally indeterminate. But, when firms differ exogenously in the cost of intermediation services, the tax on savings … equilibrium when banks have monopoly power, justifying a Pigouvian tax in this case. …