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Several countries have recently introduced national capital standards exceeding the internationally coordinated Basel III rules, which is inconsistent with the 'race to the bottom' in capital standards found in the literature. We study regulatory competition when banks are heterogeneous and give...
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This paper provides a novel rationale for the regulation of market size when heterogeneous firms compete. A regulator …
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Regulation has been and still is often discussed in economic theory and politics. Despite this, papers analyzing … short survey of various definitions of regulation. Thereupon we consider objects of regulation, institutions responsible for … regulation, and methods of regulation as three central aspects which contribute to a systematic description of the term. …
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