conglomeration, and explores the extent to which financial firm risk and systemic risk potential in banking are related to … concentrated banking systems. We outline research directions aimed at explaining why bank consolidation and conglomeration do not … necessarily yield either safer financial firms or more resilient banking systems. …

banking theory. Using a large number of quarterly time series of the G-7 economies in 1980Q1-2010Q2, we show that the model …

We study versions of a general equilibrium banking model with moral hazard under either constant or increasing returns …

This paper presents a model of a banking industry with heterogeneous banks that delivers predictions on the …

risk-averse depositors. A "banking crisis" is defined as a case in which banks exhaust their reserve assets. Under … different model specifications, the banking industry is either a monopoly bank or a competitive banking industry. If the nominal … rate of interest (rate of inflation) is below (above) some threshold, a monopolistic banking system will always result in a …

In episodes of significant banking distress or perceived systemic risk to the financial system, policymakers have often … restructuring programs and may increase moral hazard going forward. Using a sample of 42 episodes of banking crises, this paper …

lead to a combination of low depositor trust in the banking system and high credit risk. High credit risk stems mainly from …