Bank regulators interfere with the efficient allocation of resources for the sake of financial stability. Based on this … across heterogeneous banks. In the model, banks‘ productivity determines their optimal strategy in oligopolistic markets …. Higher productivity gives banks higher profit margins that lower their default risk. Hence, capital requirements indirectly …

component and a central bank information shock component. We identify both components using changes in interest rate futures and …

This innovative and clearly written book examines the process of diversification as a strategy to promote innovation … industry, using cases of diversification at Dassault (France), Saab (Sweden) and Daewoo (South Korea), the author examines … diversification process. He then uses these findings to propose a new, original model for diversification. Key features include: * an …

change. The book explores the changing nature of this diversification with respect to firm size, technological relatedness …-purpose technologies. Although historically, diversification is associated with an increase in firm size, the author argues that in recent …

This paper studies whether and how banks‘ technology adoption affects the bank lending channel of monetary policy … the bank‘s lending business and which specific technology is adopted. We find that lending-related technology adoption … transmission. We construct a new measurement of bank-level technology adoption, which can tell whether the technology is related to …

and financial inflation -- 5. The endogeneity of money -- 6. Political economy of central banks : agents of stability or …