The objective of this paper is to examine the impact of the new banking regulation on the European Union real economic activity in the period following the global financial crisis using a sample of 22 listed banking groups with high systemic importance, using dynamic panel models with a one-step...

Contents: Part l financial stability in a globalised world -- 1. Securing financial stability: The contribution of economic policy -- 2. Rules and tools for capturing systemic risk -- 3. Could less be more? The role of finance for the economy -- 4. More painkillers, please? Why more finance is...