advantage. Countries specialising in bank dependent sectors favour the development of the banking sector. Simultaneously …. To empirically investigate our model's predictions, we construct a measure of sector bank dependence and establish a …

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 … cheaply, effectively shifting the risk of some of the potential sovereign default losses on the common central bank. …

Russia and other Former Soviet Union (FSU) economies. Before the crisis banks do not lend to the real sector of the economy … and firms use non-bank finance, including trade credits and barter trade, to finance production. The banking failure …

restrictions upon foreign bank entry and foreign ownership have been affectively abolished. Using Data Envelopment Analysis (DEA … banks have used size as a barrier to entry to the new entrants in the post-deregulation period. Furthermore, bank efficiency … seems to have increased post-deregulation and the competition resulting from diversity in bank types was important to prompt …

A central bank digital currency, or CBDC, may provide an attractive alternative to traditional demand deposits held in … private banks. When offering CBDC accounts, the central bank needs to confront classic issues of banking: conducting maturity … version of a Diamond and Dybvig (1983) model, with an additional and exogenous price stability objective for the central bank …

rate of growth of capital asset or income whether source of borrowing is bank or money lender. This is then formalized in a …

granular effects: if markets are very concentrated in terms of the size distribution of banks, idiosyncratic shocks at the bank … of itself, and it may also influence concentration in banking and thus the impact of bank-specific shocks for the … micro-macro panel dataset. Our research has three main findings: First, bank-level shocks significantly impact on GDP …