We analyse the effects of supranational versus national banking supervision on credit supply, and its interactions with monetary policy. For identification, we exploit:(i) a new …
We study the consequences for supervisors' and banks' behavior of a “hub-and-spokes” supervisory system where a centralized agency has authority over banks but relies on local …
P Bolton, M Oehmke - The Review of Financial Studies, 2019 - academic.oup.com
We study the resolution of global banks by national regulators. Single-point-of-entry (SPOE) resolution, where loss-absorbing capital is shared across jurisdictions, is efficient but faces …
JE Colliard - Review of Finance, 2020 - academic.oup.com
Both in the USA and in the Euro area, bank supervision is the joint responsibility of local and central supervisors. I study a model in which local supervisors do not internalize as many …
T Beck - National Institute Economic Review, 2016 - cambridge.org
This paper surveys the recent academic literature on the economics of cross-border regulatory cooperation as well as recent policy developments in this area. While institutional …
This paper analyses the impact of the Banking Union on European bank credit risk. Specifically, we investigate the effect that the establishment of the Single Supervisory …
Sovereigns usually back up their deposit insurance arrangements to lend them credibility. When the sovereign is in distress, the credibility of deposit insurance might be threatened …
This article examines the effectiveness of cooperation among bank supervisors using novel data on supranational agreements signed by 93 countries. Exploiting that globally operating …
The architecture of supervision–how we define the allocation of supervisory powers to different policy institutions–can have implications for policy conduct and for the economic …