, and bank mortgages are intertwined in what we call a deadly embrace. Without macroprudential policies, this deadly embrace …

better control of a major source of business cycle fluctuations, sudden increases and contractions of bank credit and of the … supply of bank-created money. (2) Complete elimination of bank runs. (3) Dramatic reduction of the (net) public debt. (4 …

firms in the non-financial sector. It finds that bank competition has an overall positive effect on firm creation. However … firms, it also finds that asymmetric information limits the overall positive effect of bank competition on firm creation …. Indeed, bank competition is less favorable to the emergence of new firms in industrial sectors where informational …

policy measures often affect cross-border bank credit, whereas capital measures do not. This empirical evidence is stronger … generally regionally concentrated. Consistently, structural model based simulation analysis indicates that output and bank …

In this paper, we explore how competition among stock exchanges, operated as self-regulatory organizations (SROs … incomplete and investors do not have perfect information about the monitoring efficiency, competition among exchanges induces a …