This paper provides evidence on how the new international regulation on Global Systemically Important Banks (G … across 12 relevant regulatory announcement and designation events. We observe that the new regulation negatively affects the …-Big-to-Fail (TBTF) perception by investors. The fact that these valuation effects emerge from a regulation specifically designed to …

The sharp, secular decline in the world real interest rate of the past thirty years suggests that the surge in global … made the world economy more vulnerable to financial crises. These findings are the quantitative predictions of a two …

Domestic prudential regulation can have unintended effects across borders and may be less effective in an environment … country where the tightening occurs to the United States and to other countries. Third, tighter U.S. capital regulation …