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Monnet, Cyril; Sanches, Daniel R. - Federal Reserve Bank of Philadelphia - 2015

We show that a competitive banking system is inconsistent with an optimum quantity of private money. Because bankers cannot commit to their promises and the composition of their assets is not publicly observable, a positive franchise value is required to induce the full convertibility of bank...

Persistent link: https://www.econbiz.de/10011249448

Credit Rating Agencies and Regulatory Reform

Darbellay, Aline - 2012

This paper, a chapter in the forthcoming Research Handbook on the Economics of Corporate law, describes the leading research related to credit ratings, and assesses regulatory proposals related to ratings, including those in the Dodd-Frank Act of 2010. It explains how rating agencies have...

Persistent link: https://www.econbiz.de/10013107567

Deregulation Pas De Deux : Dual Regulatory Classes of Financial Institutions and the Path to Financial Crisis in Sweden and the United States

Gerding, Erik F. - 2010

and political markets to spur deregulation and riskier lending and investment, which in turn contributes to the severity … profits. 2) These additional profits leads to calls for deregulation to enable the first class to participate in lucrative … lending or investment markets. 3) Deregulation allows the first class of institution either to compete with the second class …

Persistent link: https://www.econbiz.de/10013148106

Lessons from the financial crisis : bank performance and regulatory reform

Arjani, Neville; Paulin, Graydon - 2013

The financial systems of some countries fared materially better than others during the global financial crisis of 2007-09. The performance of the Canadian banking system during this period was relatively strong. Using a case study approach together with empirical analysis, we assess some of the...

Persistent link: https://www.econbiz.de/10010227291

Regulation, financial crises, and liberalization traps

Marchionne, Francesco; Pisicoli, Beniamino; Fratianni, … - 2019

To reconcile the mixed empirical results, we develop a theoretical model whose main implication is a concave impact of regulation on the probability of a crisis. We test this relationship by applying a Probit model of a non-linear specification to annual data from 1999 to 2011 drawn from 132...

Persistent link: https://www.econbiz.de/10012030889

Banking structural reforms and top income shares : regulate or deregulate?

Casti, Carola - 2021

post-deregulation …

Persistent link: https://www.econbiz.de/10013252094

A Review of the Regulatory Impact Analysis of Risk-based Capital Regulations

Hogan, Thomas L. - 2020

This paper reviews the cost-benefit analysis, or "regulatory impact analysis" (RIA), in U.S. bank regulators' risk-based capital (RBC) rule proposals. We provide a brief background on RBC rules and review the literature on their costs and benefits. We evaluate 25 proposed RBC rules and related...

Persistent link: https://www.econbiz.de/10014093757

Petrol price regulation in South Africa : is it meeting its intended objectives?

Crompton, Rod; Sing, Midesh; Filter, Vernon; Msimango, … - 2020

.70-0.80 rands/litre. Price deregulation is inhibited by political regulation and social policies entangled in regulation. …

Persistent link: https://www.econbiz.de/10012304680

Leverage Regulation and Market Structure : An Empirical Model of the UK Mortgage Market

Benetton, Matteo - 2018

I develop a structural model of mortgage demand and lender competition to study how leverage regulation affects the equilibrium in the UK mortgage market. Using variation in risk-weighted capital requirements across lenders and across mortgages with differential loan-to-values, I show that a...

Persistent link: https://www.econbiz.de/10012911375

Color and Credit : Race, Regulation, and the Quality of Financial Services

Begley, Taylor A. - 2020

The incidence of mis-selling, fraud, and poor customer service by retail banks is significantly higher in areas with higher proportions of poor and minority borrowers and in areas where government regulation promotes an increased quantity of lending. Specifically, low-to-moderate-income (LMI)...

Persistent link: https://www.econbiz.de/10012854489