composition (equity vs. bail-in debt) is driven by the relative importance of two incentive problems: risk shifting (mitigated by … costs of risk-shifting relatively less important at the margin. …

increase with size. Based on a model that appropriately accounts for endogenous risk-taking and controls for any cost … systemic risk that large scale may impose on the financial system. However, if public policy considerations imply that society … them. Avoiding the restrictions could thereby push risk-taking outside of the more regulated financial sector without …

This paper examines the impact of regulatory policies on banking market efficiency using a sample of 678 commercial … Squares method. Focus is on two alternative measures of banking market efficiency: net interest margin and overhead costs … (operating expenses to assets). Elevated levels of these two ratios should indicate a low level of banking efficiency. The …

efficiency. This title complements Yong Tan's previous book, Performance, Risk, and Competition in the Chinese Banking Sector …Efficiency and Competition in Chinese Banking gives a comprehensive analysis of the industry, including cost, technical …, profit, and revenue efficiency. The Chinese banking industry is of global importance. The book estimates the competitive …