stablecoin issuers raises the challenge of how to apply technology-neutral regulation so that similar risks are subject to the …

externalities between the two countries arise from cross-border bank ownership. The two countries face (i) a regulatory decision of … a decentralized way. In our benchmark model the two countries always agree on a centralized regulation policy. In … contrast, bailout policies are centralized only when international spillovers from cross-border bank ownership are strong, and …

Cryptocurrencies are often thought to operate out of the reach of national regulation, but in fact their valuations …

granular bank-county-level data, we show that household consumption smoothing in response to the CTS was easier in financially …

Cryptocurrencies are often thought to operate out of the reach of national regulation, but in fact their valuations …

stablecoin issuers raises the challenge of how to apply technology-neutral regulation so that similar risks are subject to the …

regulation on the probability of a crisis. We test this relationship by applying a Probit model of a non-linear specification to …: it rises as regulation stringency moves from low to medium levels and falls from medium to high levels. Countries located …

implications of the analysis for regulation and competition policy are derived. It is found that optimal regulation may depend on …

This paper investigates the impact of banking prudential regulation on sovereign risk. We show that prudential … regulation reduces sovereign risk and induces governments to spend more. As a result, countries with tight prudential regulation … have lower primary budget balances and accumulate more government debt over time. We find that prudential regulation …