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interconnectedness on the banks' failure probability can be alleviated if bank capital regulation is properly designed. This paper … supports the conclusion in Allen and Gale (2000) that a complete financial system in which each bank is connected to all the …
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We survey 149 leading academic researchers on bank capital regulation. The median (average) respondent prefers a 10 … strongly an expert believes that higher capital requirements would increase the cost of bank lending. …
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The positive relation between financial development and economic growth seems to have weakened in recent years and when analyzing only developed countries. We suggest here that banks' relative ability to intermediate funds cost-efficiently is a quality-based measure of financial development that...
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