show that capital regulation could address run risk by encouraging capital raising, but its effectiveness depends on the … capital calculations without considering run risk could weaken capital regulation's ability to prevent runs. Our findings have …

Regulation consists of rulemaking and enforcement. Economic theory offers two complementary rationales for regulating … arise in multi- party relationships and that regulation introduces opportunities to impose rules that enhance the welfare of … discretion and choose actions for the common good. Agency-cost theories portray regulation as a way to raise the quality of …

This paper sets forth a discussion framework for the information requirements of systemic financial regulation. It …

Bank payout policy is strongly affected by regulation and politics, especially for the largest banks. Banks, but not … industrial firms, have consistently lower payouts in times of high regulation uncertainty and under democratic presidents. After …

actual sign of the marginal effect of regulation on risk varies with ownership concentration. These findings have important … policy implications as they imply that the same regulation will have different effects on bank risk taking depending on the …