regulatory competition when banks are heterogeneous and give loans to firms that produce output in an integrated market. In this …

III rules, thus suggesting a 'race to the top' in capital standards. We study regulatory competition when banks are …

This paper studies regulatory competition in the banking sector in a model where banks are heterogeneous and taxpayers … strictly regulated country. In this model, regulatory competition in capital standards may lead to a `race to the top' for two …