Stress tests are the most innovative regulatory tool to prevent and fight financial crises. Their use has fundamentally changed the modeling of financial systems, financial risk management in the public and private sector, and the policies designed to prevent and mitigate financial crises. When...

This report examines the interplay between banking competition and financial stability, taking into account the experiences in the recent global crisis and the policy response to it. The report has been prepared by members of the Directorate of Financial and Enterprise Affairs at the OECD in...

Contents: Part I. Measurement of financial-sector competition -- 1. Market power: competition among measures / Sherrill Shaffer and Laura Spierdijk -- 2. The Panzar-Rosse revenue test and market power in banking: an empirical illustration / Sherrill Shaffer and Laura Spierdijk -- 3. Adapting...

Luftverkehr und Banken gehören in den USA zu jenen Bereichen, die vor der Weltwirtschaftskrise durch intensiven Wettbewerb gekennzeichnet waren. Sie wurden in den 30er Jahren in ein engmaschiges Regulierungsnetz eingebunden, das als Substitut für den wettbewerblichen Koordinierungsmechanismus...