III rules, thus suggesting a 'race to the top' in capital standards. We study regulatory competition when banks are … coordinated ones when governments care equally about bank profits, taxpayers, and consumers. …

', if fiscal consolidation is combined with a program for bank recovery and for competitiveness and growth. The second …

the public, long-term systemic risk among banks tends to increase. From the dynamic perspective, bank penalties represent … long-term. In this respect, bank penalties resemble still waters that run deep. In contrast, a settlement with regulatory …

experiences in other areas suggesting that competition could provide large benefits to hitherto regulated utilities in local …

granular bank-county-level data, we show that household consumption smoothing in response to the CTS was easier in financially …

The possibility of creating a state bank has received much recent attention in the United States. In 2021, six states … introduced legislation to create a state bank; in 2019, similar legislation was enacted in California for municipal banks. This … to traditional private banking and identifies five questions determining the advisability of creating a state bank. The …

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 … in other "safe" countries will impose tighter regulation. As a result, governments in risky countries get to borrow more …

regulation on the probability of a crisis. We test this relationship by applying a Probit model of a non-linear specification to …: it rises as regulation stringency moves from low to medium levels and falls from medium to high levels. Countries located …