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

taxes on bank wages. As the corporate tax may be borne by labor, a natural question to ask is whether the economic incidence … of foreign-source bank income is almost fully passed through to higher interest margins charged abroad. The result may …

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 … in other "safe" countries will impose tighter regulation. As a result, governments in risky countries get to borrow more …

We study the efficiency of banking regulation under financial integration. Banks freely choose the jurisdiction where …

The paper empirically examines the implementation record of international financial regulation of the banking sector … record is particularly strong in countries where large banking sectors and big banks are both present, and where regulation … only applies to large players. Sectoral concentration, bank health and the share of foreign ownership yield more mixed …

cash-flows shocks to their business. They suggest a major additional benefit from banking deregulation: access to bank …

the public, long-term systemic risk among banks tends to increase. From the dynamic perspective, bank penalties represent … long-term. In this respect, bank penalties resemble still waters that run deep. In contrast, a settlement with regulatory …

This paper analyzes the implications of the gradual rise in bank concentration since the 1990s for the transmission of … the level of local bank concentration and bank capitalization. I find that banks operating in high-concentration markets … in local deposit and loan markets, along with bank capital requirements, lead to frictions on the pass-through to the …