bank risk taking, commercial bank failure, interest rates on loans, and market structure. We propose a market structure … addition to aggregate shocks to the fraction of performing loans in their portfolio. A nontrivial bank size distribution arises … consistent with untargeted business cycle properties, the bank lending channel, and empirical studies of the role of …

bank risk taking, commercial bank failure, interest rates on loans, and market structure. We propose a market structure … addition to aggregate shocks to the fraction of performing loans in their portfolio. A nontrivial bank size distribution arises … consistent with untargeted business cycle properties, the bank lending channel, and empirical studies of the role of …

We develop a model of banking industry dynamics to study the quantitative impact of regulatory policies on bank risk … in their portfolio. A nontrivial bank size distribution arises out of endogenous entry and exit, as well as banks’ buffer … stock of net worth. We show the model predictions are consistent with untargeted business cycle properties, the bank lending …

Bank regulators interfere with the efficient allocation of resources for the sake of financial stability. Based on this …

firm incentives in a post-reform financial system. -- Financial regulatory reform ; corporate governance ; bank charter … ; bank insolvency …