inaccuracies. Without stress-tests, the regulator cannot observe bank’s type, and sets the same requirement across banks. Stress …-testing provides a noisy signal about the banks’ types, and enables bank specific surcharges, which can improve welfare. Yet, when …

market risks of banks are intertwined. We highlight how coordination failure between a bank's creditors and adverse selection … in the secondary market for the bank's assets interact, leading to a vicious cycle that can drive otherwise solvent banks … to illiquidity. Investors' pessimism over the quality of a bank's assets reduces the bank's recourse to liquidity, which …

-prone securities from the financial system. By contrast, current regulation guarantees run-prone bank liabilities and instead tries to … regulate bank assets and their values. I survey how a much simpler, rule-based, liability regulation could eliminate runs and …

, bank intermediation dominates. However, fragile, capital-constrained banks also meant a curtailed supply of funds, an issue … especially for bank-dependent small or medium-sized firms (SMEs). Hence, it appears more than evident that easing the access to … euro area economies, those worst hit. There might, however, be structural (economic) reasons why SMEs prefer (local) bank …

. However, banks choose not to hedge counterparty risk, and thus the idiosyncratic failure of a bank can lead to a systemic run …

Effectiveness in Ghana -- Chapter 5. Gendered Financial Behaviour in Ghana: A Comparative Study with South Africa -- Chapter 6. Bank …Chapter 1. Introduction -- Chapter 2. What Really Drives Financial Sector Development in Ghana? -- Chapter 3 …. Harnessing Financial Innovation for Financial Inclusion in Ghana -- Chapter 4. Financial Inclusion and Monetary Policy …

bank issues covered bonds backed by a pool of assets that is bankruptcy remote and replenished following losses …. Encumbering assets allows a bank to raise cheap secured debt and expand profitable investment, but it also concentrates risk on …