Summary:
Finanz und Wirtschaft, December 13, 2017. PDF. Ökonomenstimme, December 15, 2017. HTML. Regulation is about aligning private and social trade-offs. When banks cause negative externalities, good regulatory interventions increase banks’ costs. Externalities may differ across countries, so nothing suggests that regulation induced costs should be the same internationally.
Topics:
Dirk Niepelt considers the following as important: Bank regulation, Competition, Contributions, Externality, Pigouvian tax, Regulation
This could be interesting, too:
Finanz und Wirtschaft, December 13, 2017. PDF. Ökonomenstimme, December 15, 2017. HTML. Regulation is about aligning private and social trade-offs. When banks cause negative externalities, good regulatory interventions increase banks’ costs. Externalities may differ across countries, so nothing suggests that regulation induced costs should be the same internationally.
Topics:
Dirk Niepelt considers the following as important: Bank regulation, Competition, Contributions, Externality, Pigouvian tax, Regulation
This could be interesting, too:
Dirk Niepelt writes “Augenwischerei um SNB-Ausschüttungen (Misconceptions about SNB Distributions),” NZZ, 2024
Dirk Niepelt writes Bank of England CBDC Academic Advisory Group
Dirk Niepelt writes Panel on “Will the digital euro take off?,” CEPR, 2023
Dirk Niepelt writes Conference on “The Macroeconomic Implications of Central Bank Digital Currencies,” CEPR/ECB, 2023
Finanz und Wirtschaft, December 13, 2017. PDF. Ökonomenstimme, December 15, 2017. HTML.
- Regulation is about aligning private and social trade-offs.
- When banks cause negative externalities, good regulatory interventions increase banks’ costs.
- Externalities may differ across countries, so nothing suggests that regulation induced costs should be the same internationally.