The 2008 credit crisis started with the failure of one large bank: Lehman Brothers. Since then the focus of both politicians and regulators has been on stabilis
The 2008 credit crisis started with the failure of one large bank: Lehman Brothers. Since then the focus of both politicians and regulators has been on stabilis
This paper brings to the forefront the assumptions that we make when focussing on a particular type of explanation for bank profitability. We evaluate a broad f
We study versions of a general equilibrium banking model with moral hazard under either constant or increasing returns to scale of the intermediation technology
For academics, regulators and policymaker alike, it is crucial to measure financial sector competition by means of reliable, well-established methods. However,