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

We develop a dynamic regulation game for a stock externality under asymmetric information and future market uncertainty …. Within this framework, regulation is characterized as the implementation of a welfare-maximization program conditional on …

Tariffs have almost completely disappeared but various restrictions on foreign entry remain for multinationals. Many … multinationals can shift their profits explain the absence of FDI agreements? In this paper I develop a model in which governments … can restrict the entry of foreign affiliates and multinationals can shift their profits across countries. I first …

thin capitalization rules when multinationals can also shift income via transfer prices. We show that while permissive thin …