Showing 1 - 10 of 3,169
This paper assesses the integration strategy of the European Union in regulated network markets. The paper argues that in these markets integration should not be an end in itself. In regulated markets the conventional gains from trade or freedom of establishment may be outweighed by significant...
Persistent link: https://www.econbiz.de/10012728944
Persistent link: https://www.econbiz.de/10011718551
crisis, recent advances in global liquidity regulation try to curb the excessive reliance on short-term wholesale funding … regulation may interfere with the central bank's influence on short-term money market rates. This paper tries to fill the gap in … asymmetric information. Regulation can be welfare-improving in the presence of an externality and also in case of collateral …
Persistent link: https://www.econbiz.de/10010342820
Persistent link: https://www.econbiz.de/10010468550
Persistent link: https://www.econbiz.de/10012655716
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
specific relationships between monetary policy, government intervention and bank regulation on the one hand and bank market … deposit customers. In the past, bank regulation has often been blamed for undermining competition and the functioning of … tries to shed some light on the historical development and current state of bank regulation in Germany. In so doing, it …
Persistent link: https://www.econbiz.de/10009765356
Financial regulation should be countercyclical, strengthening during speculative booms to contain excessive leverage … and loosening following crises so as to not limit credit extension in hard times. And yet, financial regulation in fact … choice perspective on financial regulation, i.e. rational choice ideas drawn from economics and applied to politics, but with …
Persistent link: https://www.econbiz.de/10013086761
Reforming regulation of the financial sector is currently among the most immediate concerns of domestic and … reform. It argues that the process of reforming financial regulation should begin with a comprehensive, granular study of …-containment with regulatory reform and may end up designing a retrospective framework for financial regulation. A comprehensive post …
Persistent link: https://www.econbiz.de/10013158883
have begun to adapt their access regulation regimes to the new technological conditions. The regulatory reactions gravitate … towards three distinct regulatory trajectories: unregulated competition, access regulation, and structural separation. We …
Persistent link: https://www.econbiz.de/10012724278