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This article analyzes the work of the late Dr. William Vickrey, the McVickar Professor Emeritus of Columbia University and 1996 Nobel-laureate in Economics. In choosing Vickrey for the Nobel prize, the Royal Swedish Academy of Sciences notes Vickrey's fundamental contributions to the economic...
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competition, regulation, and stability, and the implications of coordinating banking regulations with competition policies. Xavier … competition in banking should be accounted for. Vives argues that regulation and competition policy should be coordinated, with … regulation, competition policies, and crisis interventions in Europe, the United States, as well as emerging economies. Focusing …
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removing barriers to bank entry on bank competition and economic growth. As governments were not concerned about systemic … stability in this period, we are able to isolate the effects of bank competition from those of state implicit guarantees. We … states that retained state bank chartering policies. We argue that the fiercer bank competition following the introduction of …
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-of-second-to-last-resort". Using daily supervisory bank balance sheet information, we find that U.S. GSIBs modestly increase their dollar liquidity … broker-dealer subsidiaries within the same bank holding company are crucial to this type of "reserve-draining" intermediation …
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We assess the influence of competition and capital regulation on the stability of the banking system. We particularly … competitive environment affect bank monitoring choices and the effectiveness of capital regulation? Our approach deviates from the … ask two questions: i) how does capital regulation affect (endogenous) entry; and ii) how do (exogenous) changes in the …
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III rules, thus suggesting a "race to the top" in capital standards. We study regulatory competition when banks are … coordinated ones when governments care equally about bank profits, taxpayers, and consumers. …
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III rules, thus suggesting a 'race to the top' in capital standards. We study regulatory competition when banks are … coordinated ones when governments care equally about bank profits, taxpayers, and consumers. …
Persistent link: https://www.econbiz.de/10011447527