Governments cannot credibly commit to eschew bailouts of creditors when large financial
institutions become distressed. This too-big-to-fail (TBTF) problem distorts how markets price …

EXECUTIVE SUMMARY The High-level Expert Group was requested to consider in depth
whether there is a need for structural reforms of the EU banking sector or not and to make …

Abstract The Great Recession focused attention on large financial institutions and systemic
risk. We investigate whether large size provides any cost advantages to the economy and, if …

We investigate the link between firm size and risk-taking among financial institutions during
the period of 2002 to 2012 and find size is positively correlated with risk-taking measures …

This article discusses the effects of small banks on economic growth. We first theoretically
show that small banks operating at a regional level can spur local economic growth. As …

A decade after the darkest moments of the financial crisis, both the US financial system and
the legal framework for its regulation are still in flux. The post-crisis regulatory framework has …

Whoever wants to come to a good and sound conclusion must not make up his mind before
paying attention to all arguments, or (as the say goes)“bring the verdict to Senate from …

Interest in too big to fail (TBTF) resolutions of insolvent large complex financial firms has
intensified in recent years. TBTF resolutions protect some in-the-money counterparties of a …

This second edition of The Industrial Organization explores the study of the structure of
individual banks, banking markets, and their interactions. The book has the same two key …

Abstract Information technology plays a leading role in the transformation of banking. The
deepening of financial markets has profoundly affected the business of banking. The recent …