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Marquez, Robert - 2001

This paper shows that competition among regulators reduces regulatory standards relative to a centralized solution. It … their banks’ profitability set their regulatory policy non-cooperatively. Externalities in bank regulation make the … independent solution collectively inefficient. These externalities and the benefits of centralized regulation increase with …

Persistent link: https://www.econbiz.de/10014400565

How do regulations of entry and credit access relate to industry competition? : international evidence

Igan, Deniz; Mirzaei, Ali; Moore, Tomoe - 2018

We examine the extent to which regulations of entry and credit access are related to competition using data on 28 … competition, as proxied by the price-cost margin, in the industries with a naturally high entry rate. Rigid entry regulations are … exerting a positive effect on competition. These results suggest that incumbent firms are likely to enjoy the rent and market …

Persistent link: https://www.econbiz.de/10011848240

Towards a best practice of modeling unit of measure and related statistical metadata

Denk, Michaela; Grossmann, Wilfried - 2011

Persistent link: https://www.econbiz.de/10009424810

Towards a Best Practice of Modeling Unit of Measure and Related Statistical Metadata

Grossmann, Wilfried - 2011

Data and metadata exchange between organizations requires a common language for describing structure and content of statistical data and metadata. The SDMX consortium develops content oriented guidelines (COG) recommending harmonized cross-domain concepts and terminology to increase the...

Persistent link: https://www.econbiz.de/10014399209

Fair and inclusive markets : why dynamism matters

Aghion, Philippe; Chérif, Réda; Hasanov, Fuad - 2021

a high level of competition. What a country produces and how much it competes domestically and internationally are …

Persistent link: https://www.econbiz.de/10012517949

Bank lobbying : regulatory capture and beyond

Igan, Deniz; Lambert, Thomas - 2019

In this paper, we discuss whether and how bank lobbying can lead to regulatory capture and have real consequences through an overview of the motivations behind bank lobbying and of recent empirical evidence on the subject. Overall, the findings are consistent with regulatory capture, which...

Persistent link: https://www.econbiz.de/10012103556

Competition vs. stability : oligopolistic banking system with run risk

Capelle, Damien - 2021

This paper develops a model where large financial intermediaries subject to systemic runs internalize the effect of their leverage on aggregate risk, returns and asset prices. Near the steady-state, they restrict leverage to avoid the risk of a run which gives rise to an accelerator effect. For...

Persistent link: https://www.econbiz.de/10012604798

Macroeconomic policy, product market competition, and growth : the intangible investment channel

Ahn, JaeBin; Duval, Romain; Sever, Can - 2020

policy could strengthen longer-term growth, particularly so where strong product market competition prevents firms from self … policy through the intangible investment channel, and its complementarity with pro-competition product market deregulation …

Persistent link: https://www.econbiz.de/10012170156

Entry costs and the macroeconomy

Gutiérrez Gallardo, Germán; Jones, Callum; Philippon, … - 2019

We combine a structural model with cross-sectional micro data to identify the causes and consequences of rising concentration in the US economy. Using asset prices and industry data, we estimate realized and anticipated shocks that drive entry and concentration. We validate our approach by...

Persistent link: https://www.econbiz.de/10012154591

Measuring Competitiveness

Neary, J. Peter - 2006

measures inspired by the economic theory of index numbers. The indices provide a theoretical benchmark for estimated real …

Persistent link: https://www.econbiz.de/10014400395

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