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various other European integration efforts following the second world war. Financial regulatory and supervisory integration … 2007, and especially in the euro area after 2010. That crisis triggered major changes to European financial regulation and …
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submitted its report in 2013 and four of its members recorded dissenting notes. This paper examines the changes in regulation in …
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A bank panic is an expectation-driven redemption event that results in a self-fulfilling prophecy of losses on demand deposits. From the standpoint of theory in the tradition of Diamond and Dybvig (1983) and Green and Lin (2003), it is surprisingly di¢ cult to generate bank panic equilibria if...
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