Credit Market Competition and Capital Regulation

[12 Dell’Ariccia, G. and R. Marquez, 2005, “Competition Among Regulators and Credit
Market Integration”, forthcoming, Journal of Financial Economics.

[13 Diamond, D. and R. Rajan, 2000, “A Theory of Bank Capital”, Journal of Finance, 55,
2431-2465.

[14 Flannery M. and S. Nikolova, “Market Discipline of U.S. Financial Firms: Recent Evi-
dence and Research Issues,” in Market Discipline across Countries and Industries, edited
by C. Borio, W. Hunter, G. Kaufman, and K. Tsatsaronis, MIT Press, Cambridge, MA.

[15 Flannery, M.J. and K.P. Rangan, 2004, “Market Forces at Work in the Banking Indus-
try: Evidence from the Capital Buildup from the 1990s”, mimeo, University of Florida.

[16 Hellmann, T., Murdock, K., and J. Stiglitz, 2000, “Liberalization, Moral Hazard in
Banking, and Prudential Regulation: Are Capital Requirements Enough?”, American
Economic Review, 90, 147-165.

[17 Holmstrom, B. and J. Tirole, 1997, “Financial Intermediation, Loanable Funds, and the
Real Sector”, Quarterly Journal of Economics, 112, 663-691.

[18 Kim, M., E. Kristiansen, and B. Vale, 2005, “Endogenous product differentiation in
credit markets: What do borrowers pay for?” Journal of Banking and Finance, 29,
681-699.

[19 Peura, S. and J. Keppo, (2005), “Optimal Bank Capital with Costly Recapitalization,”
forthcoming, Journal of Business.

[20 Repullo, R., 2004, “Capital Requirements, Market Power, and Risk-Taking in Banking”,
Journal of Financial Intermediation, 13, 156-182.

36

<<   36   37   38   39   40   >>

More intriguing information