conversion on the risk-taking behaviour of the issuing bank. We also test for regulatory arbitrage: do banks try to maintain risk …

We study the impact of increasingly negative central bank policy rates on banks' propensity to become undercapitalized …

We analyse the poisonous interaction between bank rescues, financial fragility and sovereign debt discounts. In our … sovereign debt discount. We introduce long term government debt, which gives rise to the possibility of capital losses on bank … intermediaries causes bond prices to drop triggering capital losses at the bank under intervention. This mechanism shows the limits …

We assess the influence of competition and capital regulation on the stability of the banking system. We particularly … competitive environment affect bank monitoring choices and the effectiveness of capital regulation? Our approach deviates from the … show that competition improves the monitoring incentives of better quality banks and deteriorates the incentives of lower …

removing barriers to bank entry on bank competition and economic growth. As governments were not concerned about systemic … stability in this period, we are able to isolate the effects of bank competition from those of state implicit guarantees. We … states that retained state bank chartering policies. We argue that the fiercer bank competition following the introduction of …

take excessive risks: As competition intensifies and margins decline, banks face more-binding threats of failure, to which …, destabilizing effect of lower margins outweighs the disciplining effect of competition; moreover, a substantial rise in competition … reduces banks’ incentive to build precautionary capital buffers. A key implication is that the effects of competition on risk …