) assets are bank-specific. We show that when the outside options of needy banks are weak, surplus banks may strategically … under-provide lending, thereby inducing inefficient sales of bank-specific assets. A central bank can ameliorate this …

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

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

This paper studies product market competition under a strategic transparency decision. Dominant investors can influence … make full use of the strategic advantage of a strong firm. We show that bank-controlled firms will tend to discourage … that bank control may fail to keep firms less transparent as global trading volumes rise. …

This Paper investigates the determinants of the takeover of a foreign bank by a domestic bank whereby the former … becomes a branch of the latter. Each bank is initially supervised by a national agency that cares about closure costs and … deposit insurance payouts, and may decide the early closure of the bank on the basis of supervisory information. Under the …

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 …

. Since these two decisions may be simultaneously made we use the number of private and government bank branches located in … probability of a firm to innovate is about 10 to 13 percent higher if the main lender is a private compared to a government bank … government involvement in the allocation of credit comes at the cost of lower corporate innovation and economic growth. …