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Competition and stability in banking
Vives, Xavier - 2010
competition and stability in banking. There are two basic channels through which competition may increase instability: by … incentives to take risk and raise failure probabilities. The competition-stability trade-off is characterized and the … implications of the analysis for regulation and competition policy are derived. It is found that optimal regulation may depend on …
Persistent link: https://www.econbiz.de/10003967776
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Regulatory competition in capital standards with selection effects among banks
Haufler, Andreas; Maier, Ulf - 2016
III rules, thus suggesting a 'race to the top' in capital standards. We study regulatory competition when banks are …
Persistent link: https://www.econbiz.de/10011447527
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The regulatory response to the financial crisis
Goodhart, Charles A. E. (contributor) - 2008
Persistent link: https://www.econbiz.de/10003662818
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Financial stability in Europe : banking and sovereign risk
Brůha, Jan; Kočenda, Evžen - 2017
competition (a more diversified structure of the industry) are linked to lower sovereign risk. Our results also support the wake …
Persistent link: https://www.econbiz.de/10011646829
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Banking regulation and sovereign default risk : how regulation undermines rules
Hülsewig, Oliver; Steinbach, Armin - 2024
Banking regulation invites banks to gamble when buying government bonds that regulators consider to be risk-free. The adverse effects on financial stability are known. In turn, this study shows that governments have an incentive to use banking regulation in order to enhance their fiscal...
Persistent link: https://www.econbiz.de/10014576947
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Wages and wage-bargaining institutions in the EMU : a survey of the issues
Calmfors, Lars - 2001
A perceived need to increase nominal wage flexibility as a substitute for domestic monetary policy and a tendency to less wage moderation are likely to promote bargaining co-ordination and social pacts in the EMU. But such co-ordination is not likely to be sustainable in the long run, as it...
Persistent link: https://www.econbiz.de/10011399330
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Regulatory and bailout decisions in a banking union
Haufler, Andreas - 2021
We model a banking union of two countries whose banking sectors differ in their average probability of failure and externalities between the two countries arise from cross-border bank ownership. The two countries face (i) a regulatory decision of which banks are to be shut down before they can...
Persistent link: https://www.econbiz.de/10012491581
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The effect of bank recapitalization policy on credit allocation, investment, and productivity : evidence from a banking crisis in Japan
Kasahara, Hiroyuki; Sawada, Yasuyuki; Suzuki, Michio - 2023
This paper examines the ramification of government capital injections into financially distressed banks during the 1997 Japanese banking crisis. By leveraging a unique dataset merging firm-level financial statements and bank balance sheets, the study aims to examine whether the capital...
Persistent link: https://www.econbiz.de/10014334373
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Risk taking, limited liability and the competition of bank regulators
Sinn, Hans-Werner - 2001
imposed solvency constraints on banks. However, these constraints may not survive in systems competition, as systems … competition is likely to suffer from the same type of information asymmetry which induced the private market failure and which …
Persistent link: https://www.econbiz.de/10011400902
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Mortgage-related bank penalties and systemic risk among U.S. banks
Brož, Václav; Kočenda, Evžen - 2021
We analyze link between mortgage-related regulatory penalties levied on banks and the level of systemic risk in the U.S. banking industry. We employ a frequency decomposition of volatility spillovers (connectedness) to assess system-wide risk transmission with short-, medium-, and long-term...
Persistent link: https://www.econbiz.de/10012697108