Capital regulation, bank competition, and financial stability |
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| Authors: | Hendrik Hakenes Isabel Schnabel |
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| Institution: | aUniversity of Bonn, Adenauerallee 24-42, 53113 Bonn, Germany;bMax Planck Institute for Research on Collective Goods, Bonn, Germany;cGutenberg School of Management and Economics, Johannes Gutenberg University Mainz, 55099 Mainz, Germany;dCentre for Economic Policy Research, London, United Kingdom |
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| Abstract: | We analyze capital requirements if banks compete for loans and deposits. Banks and firms are subject to a risk-shifting problem. The ambiguous effect of competition on banks’ risk-taking translates into an ambiguous effect of capital requirements on financial stability. |
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| Keywords: | JEL classification: G21 G28 D43 |
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