The present discussions about the future of bank regulation, coming after a long period of bank deregulation, have a natural tendency to exaggerate the effectiveness of regulation. But those discussions are poorly rooted in the macroeconomic foundations of bank intermediation, including its...

This paper examines the effect of competition and banking regulation on the systemic risk of Islamic Banks (IBs) and Conventional Banks (CBs). Using an unbalanced panel data comprising 80 IBs and 204 CBs from 17 emerging market countries from 2000 to 2019, the results show that higher...