Arbeitspapier

Regulatory competition in capital standards with selection effects among banks

Several countries have recently introduced national capital standards exceeding the internationally coordinated Basel III rules, thus suggesting a "race to the top" in capital standards. We study regulatory competition when banks are heterogeneous and give loans to firms that produce output in an integrated market. In this setting capital requirements change the pool quality of banks in each country and inflict negative externalities on neighboring jurisdictions by shifting risks to foreign taxpayers and by reducing total credit supply and output. Non-cooperatively set capital standards are higher than coordinated ones when governments care equally about bank profits, taxpayers, and consumers.

Language: Englisch

Bibliographic citation: Series: Munich Discussion Paper ; No. 2016-5

Classification: Wirtschaft
Financial Institutions and Services: Government Policy and Regulation
Financial Aspects of Economic Integration
State and Local Government; Intergovernmental Relations: Interjurisdictional Differentials and Their Effects

Subject: regulatory competition
capital requirements
bank heterogeneity

Event: Geistige Schöpfung

(who): Haufler, Andreas
Maier, Ulf

Event: Veröffentlichung

(who): Ludwig-Maximilians-Universität München, Volkswirtschaftliche Fakultät

(where): München

(when): 2016

DOI: doi:10.5282/ubm/epub.27700

Handle: http://hdl.handle.net/10419/144889

URN: urn:nbn:de:bvb:19-epub-27700-3

Last update: 10.03.2025, 11:44 AM CET

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Object type

Arbeitspapier

Associated

Haufler, Andreas
Maier, Ulf
Ludwig-Maximilians-Universität München, Volkswirtschaftliche Fakultät

Time of origin

2016

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Regulatory competition in capital standards with selection effects among banks

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Other Objects (12)

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