search query: @indexterm FINANCIAL REGULATION / total: 40
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| Author: | Bhattacharya, S. Boot, A. W. A. Thakor, A. V. |
| Title: | The economics of bank regulation. |
| Journal: | Journal of Money, Credit and Banking
1998 : VOL. 30:4, p. 745-770 |
| Index terms: | Banking Financial regulation Moral hazard |
| Language: | eng |
| Abstract: | The authors review the economics of bank regulation as developed in the contemporary literature. They first examine the central aspects of modern banking theories in explaining the asset transformation function of intermediaries, optimal bank liability contracts, coordination problems leading to bank failures and their empirical significance and the regulatory interventions suggested by these considerations. Particularly they focus on regulations aimed primarily at ameliorating deposit-insurance-related moral hazards, such as cash-asset reserve requirements, risk-sensitive capital requirements and deposit insurance premia, and bank closure policy. |
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