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

We develop a simple model of banking regulation with two policy instruments: minimum capital requirements and … regulation. Therefore, countries are better off by harmonising regulation on an international standard. -- bank regulation …

Global financial regulators are currently reflecting on the nature of the insurance business. Specifically, they are … trying to classify insurance into "traditional" and "non-traditional" activities, and to distinguish them from "non-insurance … international finance is "what is insurance and where does insurance end?" This paper aims to elaborate on the economics of …

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 …

This paper seeks to understand the interplay between banks, bank regulation, sovereign default risk and central bank … in other "safe" countries will impose tighter regulation. As a result, governments in risky countries get to borrow more …

a decentralized way. In our benchmark model the two countries always agree on a centralized regulation policy. In …