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 …

III rules, thus suggesting a 'race to the top' in capital standards. We study regulatory competition when banks are … pool quality of banks in each country and inflict negative externalities on neighboring jurisdictions by shifting risks to … coordinated ones when governments care equally about bank profits, taxpayers, and consumers. …

This paper analyses the stochastic behaviour of Private Equity returns (a measure of profitability) applying fractional …. Differences are also found in the results by asset class. The implications of these findings for private equity management, profit …

We examine the profitability of cross-ownership in an oligopolistic industry where firms compete as Cournot rivals. We … over to the case of non-renewable resource industries. The profitability of a symmetric cross-ownership can be positive …

We document that central banks are significantly more likely to report slightly positive profits than slightly negative … profits. The discontinuity in the profit distribution is (i) more pronounced amid greater political or public pressure, the …. These findings indicate that profitability concerns, while absent from standard theoretical models of central banking, are …

exhaustion of investment possibilities, but from an overly loose central bank monetary policy that keeps zombie banks and their … and Schumpeter's theory of creative destruction. His law of the tendency of the rate of profit to fall parallels Alvin …

profit. Setting up a model that allows for profitable and loss-making affiliates of multinationals, we show that profit … equilibrium, affiliates might over-invest and the bunching-related investment effects generate a tendency for too high profit …

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 …, and that their sovereign partially backs up any losses, should the banks not be able to repurchase the bonds. I argue that …