benefit of greater diversification in terms of higher monitoring dominates the costs of free-riding and duplication of efforts …

If official figures overstated the growth of banking output in the UK in the recent boom, does this mean that GDP … growth was overstated too? The answer is no. It is truer to say that if banking output was overstated then the output of some … most of the problematic part of banking output drops out since it constitutes intermediate consumption not final …

banking sector as a whole that depends on total bank capital. Equilibrium risk and market risk premiums can be solved in …Banks operating under Value-at-Risk constraints give rise to a welldefined aggregate balance sheet capacity for the … and market risk premiums. …

This article examines the 2007 banking crisis from an interdisciplinary and, in particular, social constructivist … for strengthening the democratic dimension of the banking system as a vital nexus between the real economy, government and …

of supervision. We suggest that the new architecture should revolvearound the following principles: (i) banking … difficulty of measuringoutput on supervisory tasks, the systemic risk supervisor must necessarily be moreaccountable and less …

essential for financial stability assessment. We present a set of banking stability measures embedding banks’ linear … effects associated with a specific bank. Our approach defines the banking system as a portfolio of banks and infers its …

setting. Thus, we are able to assess how the model conforms with the time series data of the U.K. banking system. We conclude …