the effects of banking regulation on macroeconomic dynamics. In particular, we study the overall credit exposure and the … overall exposure for banking stability, even if both features are very important. We show that a too tight regulation is …

We assess the influence of competition and capital regulation on the stability of the banking system. We particularly … ask two questions: i) how does capital regulation affect (endogenous) entry; and ii) how do (exogenous) changes in the … competitive environment affect bank monitoring choices and the effectiveness of capital regulation? Our approach deviates from the …

We study the efficiency of banking regulation under financial integration. Banks freely choose the jurisdiction where …

Should Congress enact a formal cost-benefit analysis requirement for financial regulation? I survey the nature of costs … and benefits of financial regulation, both “macro” regulation designed to stop crises and “micro” regulation of products …, markets, and institutions. Although I find that financial regulation often grossly violates cost-benefit tests, the nature of …