G2TT
来源类型Discussion paper
规范类型论文
来源IDDP16880
DP16880 A Theory of the Boundaries of Banks with Implications for Financial Integration and Regulation
Falko Fecht; Roman Inderst
发表日期2022-01-11
出版年2022
语种英语
摘要We offer a theory of the "boundary of the firm" tailored to banks as it builds on a single risk-shifting inefficiency and takes into account interbank lending, as an alternative to integration, and insured deposit financing. It explains why deeper economic integration should cause also greater, though still incomplete, financial integration, through both bank mergers and interbank lending, and why economic disintegration, as currently witnessed in the European Union, should cause less interbank exposure. Recent policy measures such as the preferential treatment of retail deposits, the extension of deposit insurance, or penalties on "connectedness" could reduce welfare.
主题Financial Economics ; Industrial Organization
关键词Interbank lending Risk shifting Debt overhang Integration Deposit insurance
URLhttps://cepr.org/publications/dp16880
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/545808
推荐引用方式
GB/T 7714
Falko Fecht,Roman Inderst. DP16880 A Theory of the Boundaries of Banks with Implications for Financial Integration and Regulation. 2022.
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