Pagano, Marco; Langfield, Sam; Acharya, Viral V.; Boot, … - 2014
banks (rather than securities markets), which results in excessively volatile credit creation and lower economic growth …. Third, large universal banks - which perform a wide range of banking services, and are peculiarly common in Europe … - contribute more to systemic risk than small and narrowly focused banks. To deal with these problems, policymakers should consider …