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

regulation. Therefore, countries are better off by harmonising regulation on an international standard …

We present a simple neoclassical model to explore how an aggregate bank-capital requirement can be used as a … macroeconomic policy tool and how this additional tool interacts with monetary policy. Aggregate bank-capital requirements should be … banker. Second, setting aggregate bank-capital requirements is separated from monetary policy …

We document that the first leak of customer information from a tax haven bank caused a sudden flight of deposits from …

clearing house (bank) which monitors agents and enforces contracts. Our model develops a concept of bankruptcy equilibrium that …

major sets of crises (post-World War I crisis and the Great Depression); the post-World War II financial lock-down, which …

untraded consumer goods in an uncertain productive environment, borrowing funds from a bank in either the home or the foreign … of bank failure is partly borne by taxpayers in the banks' home countries. Moreover, each bank chooses the share of its … lending allocated between domestic and foreign firms, but the bank's overall loan volume is fixed by a capital requirement set …