Search Results
Conference Paper
Commentary : rethinking capital regulation
Conference Paper
Competition: horizontal integration: general discussion
Conference Paper
Controlling risk in payment systems
Conference Paper
Interbank lending and systemic risk
Conference Paper
The interchange fee mysteries : commentary on Evans and Schmalensee
Conference Paper
Policies to stabilize financial markets
Conference Paper
Some economics of horizontal integration in the payments industry
Journal Article
Rebalancing the three pillars of Basel II
The author observes that the three pillars of Basel II seem uneven: Pillars 1 and 2 have eclipsed Pillar 3 - market discipline and disclosure - in the Basle Committee's deliberations. He works through a banking model of the three Pillars, shows how the optimal liquidation limit varies with bank liability structure and the regulatory regime, and argues that market discipline, via mandatory subordinated debt issuance, can reduce forbearance by supervisors.
Conference Paper
Comments on the impact of regulatory practices