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Journal Article
Competition for money market deposit accounts
Journal Article
The regulation of bank entry
Conference Paper
Competition for MMDAs
Conference Paper
Deposit insurance, risk, and market power in banking
Working Paper
Bank capital regulation: a reconciliation of two viewpoints
There are two seemingly inconsistent strands of the finance literature regarding the effects of bank capital regulation. On the one hand, the value maximization literature implies that more stringent capital regulation will reduce the probability of bank failure and the risk exposure of the deposit insurance fund. On the other hand, the utility-maximization literature, using the Markowitz two-parameter portfolio model, concludes that more stringent capital regulation will increase asset risk and can increase the probability of bank failure. ; In this paper, we show that this seeming ...
Journal Article
Bank capital regulation and asset risk
Journal Article
A deposit insurance puzzle