This review surveys technological disruption in banking, examining its impact on competition
and its potential to increase efficiency and customer welfare. It analyzes the possible …

This paper reviews the theoretical literature on bank capital regulation and analyzes some of
the approaches to redesigning the 1988 Basel Accord on capital standards. The paper starts …

This paper documents large cross-country variation in the relationship between bank
competition and bank stability and explores market, regulatory and institutional features that …

Do low interest rate environments lead to greater bank risk-taking? We show that, when
banks can adjust their capital structures, reductions in real interest rates lead to greater …

The second edition of an essential text on the microeconomic foundations of banking
surveys the latest research in banking theory, with new material that covers recent …

We assess the inter-temporal relationship between bank efficiency, capital and risk in a
sample of European commercial banks employing several definitions of efficiency, risk and …

We identify the effects of monetary policy on credit risk‐taking with an exhaustive credit
register of loan applications and contracts. We separate the changes in the composition of …

Motivated by public policy debates about bank consolidation and conflicting theoretical
predictions about the relationship between bank concentration, bank competition and …

Competition policy in the banking sector is complicated by the necessity of maintaining
financial stability. Greater competition may be good for (static) efficiency, but bad for financial …

This paper presents a dynamic model of imperfect competition in banking where the banks
can invest in a prudent or a gambling asset. We show that if intermediation margins are …