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We document empirical support for a key micro-level channel --- innovation by young, private firms --- through which financial sector deregulation affects economic growth. We find that intrastate banking deregulation, which increased the local market power of banks, decreased the level and risk...
Persistent link: https://www.econbiz.de/10013035909
Bank regulation used to be riddled with price, product, entry, and location restrictions. These restrictions were … regulation as the product of pure rent seeking by private industry.This Article revisits the role of such restrictions on …, political, and economic (LPE) model for how limits on competition could usefully complement current bank regulation. This model …
Persistent link: https://www.econbiz.de/10012918941
An important question in banking is how strict supervision affects bank lending and in turn local business activity. Supervisors forcing banks to recognize losses could choke off lending and amplify local economic woes. But stricter supervision could also change how banks assess and manage...
Persistent link: https://www.econbiz.de/10012668203
The European Regulation on short selling (SSR) has been applied to restrict hedge funds from short selling the stock of …
Persistent link: https://www.econbiz.de/10012922499
We develop a simple model of banking regulation with two policy instruments: minimum capital requirements and … regulation. Therefore, countries are better off by harmonising regulation on an international standard. -- bank regulation … ; regulatory competition ; supervision and regulation …
Persistent link: https://www.econbiz.de/10009667523
We develop a simple model of banking regulation with two policy instruments: minimum capital requirements and … regulation. Therefore, countries are better off by harmonising regulation on an international standard. -- bank regulation …
Persistent link: https://www.econbiz.de/10009621758
We develop a simple model of banking regulation with two policy instruments: minimum capital requirements and … regulation. Therefore, countries are better off by harmonising regulation on an international standard …
Persistent link: https://www.econbiz.de/10013090254
I exploit variation in the adoption of disclosure and supervisory regulation across U.S. states to examine their impact … banks. I also examine which political constituencies influence the adoption of disclosure and supervisory regulation. I find …
Persistent link: https://www.econbiz.de/10012921156
In recent years, a strong tendency towards international harmonisation of banking regulation can be observed. In this … representative of what has happened in the context of capital adequacy regulation (Basel II) or anti-money-laundering legislation. We …
Persistent link: https://www.econbiz.de/10011570451
An important question in banking is how strict supervision affects bank lending and in turn local business activity. Forcing banks to recognize losses could choke off lending and amplify local economic woes, especially after financial crises. But stricter supervision could also lead to changes...
Persistent link: https://www.econbiz.de/10011932392