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We propose a spatial competition model to study banks’ strategic responses to the asymmetric Spanish geographic deregulation process. We find that once the geographic deregulation process finishes, inter-regional mergers between savings banks are optimal whenever the economies of scale...
Persistent link: https://www.econbiz.de/10009355559
Regulation is often funded with fees paid by regulated firms, potentially creating incentive problems. We use this … that pay higher fees may face more lenient regulation, when leniency increases regulatory budgets in the short term. Our … novel dataset on fees and regulatory actions, we find that firms that pay higher fees face more lenient regulation, which …
Persistent link: https://www.econbiz.de/10012937664
Hub-and-spoke regulation, where a central regulator with legal power over firms delegates monitoring to local … findings suggest that field level interaction is an important part of regulation, and that distancing supervisors from banks to …
Persistent link: https://www.econbiz.de/10012967849
The Durbin Amendment to the Dodd–Frank Act yielded regulations that cap debit card interchange fees for banks with over $10 billion in assets. Using a difference-in-differences identification strategy, we document and quantify the resulting decline in interchange income for treated banks. We...
Persistent link: https://www.econbiz.de/10013006352
, the European Union has engaged in an ambitious overhaul of banking regulation. One of its centerpieces, the 2013 Fourth …
Persistent link: https://www.econbiz.de/10013056692
Markets Act (DMA) can learn from existing regulation of gatekeepers in other industries. In particular, banking regulation …
Persistent link: https://www.econbiz.de/10013226455
premature to conclude that 'Too Big to Fail" has been solved, but macro-prudential regulation is now much more effective and …
Persistent link: https://www.econbiz.de/10012022346
the former structural regulation. Excessive competition is no less harmful than low competition, the level playing field … the new approach to regulation has also fostered an increase in the part of GDP absorbed by the financial system without …
Persistent link: https://www.econbiz.de/10010753910
the former structural regulation. Excessive competition is no less harmful than low competition, the level playing field … the new approach to regulation has also fostered an increase in the part of GDP absorbed by the financial system without …
Persistent link: https://www.econbiz.de/10010753917
Current theories of financial regulation suggest expanding rules-based formal state intervention to promote …-based informal co- and self-regulation through domestic (gentlemen's) agreements underpinned West German bank internationalisation … regulation, drawing on unused primary sources: Coalitions between the German regulating and regulated actors were bolstered by a …
Persistent link: https://www.econbiz.de/10014436557