A distinguished economist examines competition, regulation, and stability in today's global banks Does too much competition in banking hurt society? What polici

A distinguished economist examines competition, regulation, and stability in today's global banks Does too much competition in banking hurt society? What polici

This report examines the interplay between banking competition and financial stability, taking into account the experiences in the recent global crisis and the

We study versions of a general equilibrium banking model with moral hazard under either constant or increasing returns to scale of the intermediation technology

We analyze how bank profitability impacts financial stability from both theoretical and empirical perspectives. We first develop a theoretical model of the rela