mechanisms for bank risk-taking studied in a large partial equilibrium literature. We show that competitive equilibriums maximize … banks is higher than that of banks enjoying monopoly rents, and is robust to the introduction of social costs of bank … failures. In this model, there is no trade-off between bank competition and financial stability …

the central bank after a liquidity shock creates a new channel of policy transmission that leads to a sharp decrease in …

bank losses are partly collectivized in a banking union …

This paper analyzes the effect of the removal of government guarantees on bank risk taking. We exploit the removal of …

coordinated ones when governments care equally about bank profits, taxpayers, and consumers …

This paper seeks to understand the interplay between banks, bank regulation, sovereign default risk and central bank … guarantees in a monetary union. I assume that banks can use sovereign bonds for repurchase agreements with a common central bank … cheaply, effectively shifting the risk of some of the potential sovereign default losses on the common central bank …

developed considering this new paradigm and discuss how institutional features relating to bank closure policy influences lender …