Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/19367 
Erscheinungsjahr: 
2006
Schriftenreihe/Nr.: 
HWWA Discussion Paper No. 339
Verlag: 
Hamburg Institute of International Economics (HWWA), Hamburg
Zusammenfassung: 
We analyze whether financial integration will lead to lower national regulation of domestic banking activities. In our model, banks' efforts and public regulation can lower the probability of bankruptcy. We contrast the national case with an integrated banking market and find that banks will exert greater effort to monitor their foreign activities. Thus, financial integration may increase prudential behavior and regulation. We also discuss incentives for banks to organize their foreign holdings in branches or subsidiaries. We show that the absence of a common lender of last resort can reduce the probability of financial crisis.
Schlagwörter: 
Bank regulation
lender of last resort
European financial markets
JEL: 
E61
E58
F36
F33
E42
Dokumentart: 
Working Paper

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