. There are two competing banks in the model, and payment services offered to the public are among their main products. The … investment depends critically on the pricing of payment services. If banks offer payment services free of charge, their …

We argue that a transaction tax is likely to amplify, not dampen, volatility in the foreign exchange mar-kets. Our …’ traders’ valuations. Since informed traders’ valuations are likely to be less dispersed, a transaction tax penalises informed …

banks that are in trouble through prompt corrective action and if necessary resolving them if their net worth falls to zero …

of the relative health of community banks on economic growth and investigating potential transmission mechanisms for … market shares and higher efficiency rankings for small, private, domestically owned banks are associated with better economic … performance, and that the marginal benefits of larger shares are greater when the banks are more efficient. Only mixed support is …