Today’s regulatory rules, especially the easily-manipulated measures of regulatory capital, have led to costly bank … failures. We design a robust regulatory system such that (i) bank losses are credibly borne by the private sector (ii …) systemically important institutions cannot collapse suddenly; (iii) bank investment is counter-cyclical; and (iv) regulatory …

creating counter-cyclical incentives for banks to raise capital, and so encourage bank lending in bad times. They avoid the …

(particularly) interstate liberalization of bank branching restrictions. This effect arises primarily from convergence in the …

into the tertiary sector in urban areas, consistent with financial deepening being driven by credit to the tertiary sector …

ratios - following intra- and (particularly) interstate liberalization of bank branching restrictions. This effect arises …

We investigate whether information sharing among banks has affected credit market performance in the transition … information sharing is associated with improved availability and lower cost of credit to firms, and that this correlation is …-level aggregate variables that may affect credit, by examining the differential impact of information sharing across firm types. In …

industry in the mid 1980s. This deregulation eliminated government interference in bank lending decisions and allowed French … banks to compete more freely in the credit market. Post deregulation, we find that banks are less willing to bail out poorly … performing firms and that these firms experience a steeper increase in the cost of capital. Subsequently, firms in the more bank …

In this Paper, we examine bank lending decisions in an economy with spillover effects in the creation of new investment … opportunities and asymmetric information in credit markets. We show that such features may lead to strategic considerations in the … one bank does set a lower interest rate to capture a larger market, it may simultaneously reduce its lending. Our results …

short-run; leverage requirements reduce default risk but may significantly reduce bank value; mispriced deposit insurance …