Book of Donmon Teith

A distinguished economist examines competition, regulation, and stability in today's global banks Does too much competition in banking hurt society? What polici

For academics, regulators and policymaker alike, it is crucial to measure financial sector competition by means of reliable, well-established methods. However,

Traditional bank competition policy seeks to balance efficiency with incentives to take risk. The main tools are rules guiding entry/exit and consolidation of b

This title is part of UC Press's Voices Revived program, which commemorates University of California Press’s mission to seek out and cultivate the brightest m

Bank competition can induce excessive risk taking due to risk shifting. This paper tests this hypothesis using micro-level U.S. mortgage data by exploiting the