I investigate whether two mechanisms leading to biased beliefs about success, overconfidence and competition neglect … making their decision. Second, I vary whether the competition group consists of all potential competitors or only of …

regulatory competition when banks are heterogeneous and give loans to firms that produce output in an integrated market. In this … bank profits, taxpayers, and consumers. …

This study investigates the bank competition-stability nexus using a unique regulatory dataset provided by the Deutsche … competition, contestability and market power, each corresponding to a different contextual level of a bank's competitive … theoretical properties of the indicators for market power and competition. Using the Lerner Index as a proxy for bank …

bank issues covered bonds backed by a pool of assets that is bankruptcy remote and replenished following losses …. Encumbering assets allows a bank to raise cheap secured debt and expand profitable investment, but it also concentrates risk on …

by the central bank is only partially passed on to the interbank market. Moreover, this framework allows us to examine … haircut rule for a central bank which decides to implement a “leaning-against-the- wind”-policy. Finally, we analyze the long … bank can stabilize all variables at the cost of higher inflation and that macroeconomic volatility is smallest if the …