the flow of lending that are likely to be still in the stock at different points in time. Then we estimate how key …

What kinds of credit substitution, if any, occur when changes to banks' minimum capital requirements induce banks to … change their supply of credit? The question is central to the new ‘macroprudential' policy regimes that have been constructed … control the supply of bank credit. Regulatory efforts to influence the aggregate supply of credit may be thwarted to some …

We use quantile regression to examine the links between competition and firm-level solvency risk for all banks and …, suggesting that risk decreases (increases) with more (less) competition. For foreign-owned banks and for relatively healthy …) competition. We find that regulation is effective in moderating adverse links between risk and competition. Our results highlight …

We use a new regulatory dataset to measure the intensity competition in the UK deposit-taking sector. The novelty of … this study is two-fold. First, the dataset allows us to explore trends in competition intensity over an extended, 24-year …. Second, we take a portmanteau approach and estimate a number of different performance-based competition measures common in …

This paper examines the effects of competition on bank stability in the United Kingdom between 1994 and 2013. We … construct several measures of competition and test the relationship between competition and bank stability. We find that, on … average, competition lowers stability, but that its effect varies across banks depending on the underlying financial health of …

money, and a blockchain structure that restricts settlement capacity. Limited settlement space creates competition between …