Policy makers often decide to liberalize foreign bank entry but at the same time restrict the mode of entry. We study how different entry modes affect the interest rate for loans in a model in which domestic banks possess private information about their incumbent clients but foreign banks have...

1. Introduction -- 2. Foundations of financial regulation -- 3. The information problem and regulatory failure -- 4. An introduction to financial innovation -- 5. Forms of fintech – a market observation -- 6. What’s new about fintech (and what isn’t)? -- 7. Digital Disruption –...

We study the efficiency of banking regulation under financial integration. Banks freely choose the jurisdiction where to locate their activities and have private information about their efficiency level. Regulators non-cooperatively offer any regulatory contract that satisfies information and...

This study investigated the impact of banking integration on recipient country bank default risk and, in particular, whether the type of banking integration moderates that relationship. Using the system generalized method of moments (GMM), the study found that banking integration lowers bank...