-specific uncertainty shocks on cross-border banking flows using the confidential Bank for International Settlements Locational Banking …

-to-assets ratio is ambiguous. Similarly, as competition increases, the probability of bank failure can either increase or decrease. We … literature are negatively and significantly related to measures of bank competition. Thus, there is no evidence of a trade …-off between bank competition and stability, and bank competition seems to foster banks'' willingness to lend …

are only effective when bank executives' mobility is restricted. It also suggests, irrespective of the degree of labor … market mobility, bonus caps simultaneously reduce risk shifting by bank executives (too much risk taking because of limited … liability), but aggravate underinvestment (bank executives foregoing risky but productive projects). Hence, the welfare effects …