This paper seeks to understand the interplay between banks, bank regulation, sovereign default risk and central bank … guarantees in a monetary union. I assume that banks can use sovereign bonds for repurchase agreements with a common central bank … cheaply, effectively shifting the risk of some of the potential sovereign default losses on the common central bank. …

Bank regulators interfere with the efficient allocation of resources for the sake of financial stability. Based on this …

We develop a dynamic structural model of bank behaviour that provides a microeconomic foundation for bank capital and …

This paper analyzes the implications of the gradual rise in bank concentration since the 1990s for the transmission of … the level of local bank concentration and bank capitalization. I find that banks operating in high-concentration markets … in local deposit and loan markets, along with bank capital requirements, lead to frictions on the pass-through to the …

We investigate the relationship between bank complexity and bank risk-taking using German banking data over the period …

imperfectly elastic supply of bank equity stemming from financial market segmentation. In our model, equity is costly and serves … and the design of bank stress testing. …

competitive environment affect bank monitoring choices and the effectiveness of capital regulation? Our approach deviates from the …