evidence on Swiss banks to assess both benefits and costs. The analysis yields two main conclusions. The long-run economic …

The current financial crisis has sparked intense debate about how weak banks should be resolved. Despite international …

This paper reports estimates of the long-run costs and benefits of banks funding more of their assets with loss … of the benefits from having banks use more equity no estimate of costs - however accurate - can tell us what the optimal … level of bank capital is. We use empirical evidence on UK banks to assess costs; we use data from shocks to incomes from a …

, regulatory intervention is needed even in the presence of the state guarantees on agents’ deposits in the banks (workout …

loss by 80% because non-competitive banks internalize some of the burden. Conversely, subsidies are less effective in non …

This paper analyzes the influence of market discipline on the risk-taking incentives of banks. It is shown that market … discipline reduces risk if banks can credibly commit to a given level of risk before the interest rate on deposits is set. If … in risk. The reason is that rational depositors anticipate the banks' behavior and therefore ask for a higher risk …

require independence of banks' boards and regulators are ignored. Thus the largest Chinese banks remain under the firm state … 'transform major banks into internationally competitive joint-stock commercial banks with appropriate corporate governance … the international best practices in bank governance and regulation and listing of major banks at the Hong Kong stock …