signal on bank project quality, short-term wholesale financiers have lower incentives to conduct costly monitoring, and …

The paper analyzes how the removal of barriers to entry in banking affect loan competition, bank stability and economic … internalize only the private but not the public benefits of their better credit assessments. Only when bank failure is very likely …

We model the impact of bank mergers on loan competition, banks' reserve holdings and aggregate liquidity. Banks compete … in liquidity risk and expected liquidity needs for each bank and for the banking system. Large mergers tend to increase … expected aggregate liquidity needs, and thus the liquidity provision by the central bank. Comparative statics suggest that a …

. Then, we show how a central bank, by deciding on the money supply, may affect the revelation of information at equilibrium. …

. Further, the paper proposes a simple metric, which is used to identify contagion from one bank to another and identify …

-deposit creditors. Testing the model using EU bank level data yields evidence consistent with the model, suggesting that explicit …

multinational bank. We take a political economy approach to regulation and assume that supervisors maximize the welfare of their own … interests are, the higher is welfare; (3) the bank can allocate its investments strategically across countries to escape closure. …