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

in macroprudential capital regulation. Our findings suggest a dichotomy between country groups. In peripheral countries … core countries, the cyclically adjusted primary balance ratio barely reacts to a sudden tightening in capital regulation. …

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 …

supervision and regulation. When a MNB expands internationally with subsidiaries, the MNB operates under the legislation of … left to the national regulators. An important issue is whether the decentralized approach to regulation of MNBs creates … inefficiencies and financial instability. We show that lack of international coordination of regulation towards MNB …

Banking regulation invites banks to gamble when buying government bonds that regulators consider to be risk-free. The … regulation in order to enhance their fiscal leeway. We examine an unintended side-effect of banking regulation, namely the zero … area periphery countries to a restrictive macroprudential capital regulation shock. We find that, unlike in the US, euro …

rating agency and the bank corrupts rating quality, rating-independent regulation enhances welfare. The welfare benefits are …

brought in the government in the first place (Selection Principle). As national solvency regulation creates a positive … international policy externality on foreign lenders of domestic banks, there will be an undersupply of such regulation. This may …

regulation ; capital requirements ; optimal monetary policy …