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coordinated ones when governments care equally about bank profits, taxpayers, and consumers …
Persistent link: https://www.econbiz.de/10012993695
regulation. Therefore, countries are better off by harmonising regulation on an international standard …
Persistent link: https://www.econbiz.de/10013090254
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 …
Persistent link: https://www.econbiz.de/10013092337
We document that the first leak of customer information from a tax haven bank caused a sudden flight of deposits from …
Persistent link: https://www.econbiz.de/10012928123
We study the efficiency of banking regulation under financial integration. Banks freely choose the jurisdiction where to locate their activities and have private information about their efficiency level. Regulators non-cooperatively offer any regulatory contract that satisfies information and...
Persistent link: https://www.econbiz.de/10012991941
clearing house (bank) which monitors agents and enforces contracts. Our model develops a concept of bankruptcy equilibrium that …
Persistent link: https://www.econbiz.de/10013059019
This paper examines the time-profile of the impact of systemic banking crises on GDP and industrial production using a panel of 24 countries over the inter-war period and compares this to the post-war experience of these countries. We show that banking crises have effects that induce medium-term...
Persistent link: https://www.econbiz.de/10013024666
major sets of crises (post-World War I crisis and the Great Depression); the post-World War II financial lock-down, which …
Persistent link: https://www.econbiz.de/10012988973
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 …
Persistent link: https://www.econbiz.de/10012978391
We examine the impact of various dimensions of financial reform on the likelihood of systemic and non-systemic banking crises. Using new financial reform measures for a large sample of developing and developed countries for the period 1973 to 2002, our multivariate probit modeling results...
Persistent link: https://www.econbiz.de/10013095277