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Correa, Ricardo; Du, Wenxin; Liao, Gordon - 2022

We characterize how U.S. global systemically important banks (GSIBs) supply short-term dollar liquidity in repo and foreign exchange swap markets in the post-Global Financial Crisis regulatory environment and serve as the "lenders-of-second-to-last-resort". Using daily supervisory bank balance...

Persistent link: https://www.econbiz.de/10013305927

Confronting Divergent Interests in Cross-Country Regulatory Arrangements

Kane, Edward J. - 2021

Although nation-based systems of financial regulation constitute a second-best approach to global welfare maximization, treacherous accountability problems must be acknowledged and resolved before regulatory cooperation can deal fairly and efficiently with cross-border issues. To track and...

Persistent link: https://www.econbiz.de/10013225171

Bank Resolution and the Structure of Global Banks

Bolton, Patrick - 2018

We study the resolution of global banks by national regulators. Single-point-of-entry (SPOE) resolution, where loss-absorbing capital is shared across jurisdictions, is efficient but may not be implementable. First, when expected transfers across jurisdictions are too asymmetric, national...

Persistent link: https://www.econbiz.de/10012916183

International Banking and Cross-Border Effects of Regulation : Lessons from the United States

Berrospide, Jose M. - 2016

Domestic prudential regulation can have unintended effects across borders and may be less effective in an environment where banks operate globally. Using U.S. micro-banking data for the first quarter of 2000 through the third quarter of 2013, this study shows that some regulatory changes indeed...

Persistent link: https://www.econbiz.de/10012982940

Evidence of Regulatory Arbitrage in Cross-Border Mergers of Banks in the EU

Carbo-Valverde, Santiago - 2010

Banks are in the business of taking calculated risks. Expanding the geographic footprint of an organization's profit-making activities changes the geographic pattern of its exposure to loss in ways that are hard for regulators and supervisors to observe. This paper tests and confirms the...

Persistent link: https://www.econbiz.de/10013150440

All Banks Great, Small, and Global : Loan Pricing and Foreign Competition

de Blas, Beatriz - 2010

Can allowing foreign participation in the banking sector increase real output, despite the imperfectly competitive nature of the industry? Using a new model of heterogeneous, imperfectly competitive lenders and a simple search process, we show how endogenous markups (the net interest margin...

Persistent link: https://www.econbiz.de/10013142941

These are the Good Old Days : Foreign Entry and the Mexican Banking System

Haber, Stephen - 2013

bank regulation, which will affect competition and stability in the long term, outside the period that may be observed …

Persistent link: https://www.econbiz.de/10013088399

Does Government Intervention Affect Banking Globalization?

Kleymenova, Anya - 2016

Using data from British and American banks, we provide empirical evidence that government intervention affects banking globalization along three dimensions: depth, breadth and persistence. We examine depth by studying whether a bank's preference for domestic, as opposed to external, lending...

Persistent link: https://www.econbiz.de/10012998957

Equilibrium Corporate Finance and Intermediation

Bisin, Alberto - 2014

This paper analyzes a class of competitive economies with production, incomplete financial markets, and agency frictions. Firms take their production, financing, and contractual decisions so as to maximize their value under rational conjectures. We show that competitive equilibria exist and that...

Persistent link: https://www.econbiz.de/10013049698

The Effects of Competition in Consumer Credit Market

Gissler, Stefan - 2019

This paper finds that banks and non-banks respond differently to increased competition in consumer credit markets …. Increased competition and the greater threat of failure induces banks to specialize more in relationship business lending, and … surviving banks are more profitable. However, non-banks change their credit policy when faced with more competition and expand …

Persistent link: https://www.econbiz.de/10012864142

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