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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 …
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Der vorliegende Band enthält die überarbeiteten Beiträge zur Jahrestagung der Arbeitsgruppe Wettbewerb des … stattfindenden bahnbrechenden Umbruch der Kapitalmärkte im Spannungsfeld von ökonomischer Theorie sowie wirtschaftlicher und … internationalen Wettbewerb ausgesetzter Kapitalmärkte eine grenzüberschreitende Wertpapieraufsicht notwendig ist. Daß der Markt für …
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rate competition and increases the banks price setting power as shown in Schliephake and Kirstein (2013). This paper … the enhanced price setting power can reverse the net effect that capital requirements have under perfect competition. …
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Introduction : global market integration, financial crises and policy imperatives / Geoffrey R.D. Underhill and Xiaoke Zhang -- Reform of the international financial architecture : what has been written? / Jonathan Story -- Costs and benefits of financial globalisation : concepts, evidence and...
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