banking

Publication date: 3 Feb 2016 | Publication type: National Institute Economic Review | External authors: Admati, A R | JEL classification: G21, G28, G32, G38, H81, K23 | Journal: National Institute Economic Review Issue 235 | Publisher: Sage Publications, London
Capital regulation is critical to address distortions and externalities from intense conflicts of interest in banking and from the failure of markets to counter incentives for recklessness. The approaches to capital regulation in Basel III and related proposals are based on flawed analyses of the...
Publication date: 3 Feb 2016 | Publication type: National Institute Economic Review | External authors: Miles, D | Journal: National Institute Economic Review Issue 235 | Publisher: Sage Publications, London
"In this short note I make some simple points about what went wrong with regulation of financial institutions before the financial disasters of 2007–8 and what has happened – and what should have happened – since. The problems were largely with banks and so most of what I will say is about them. I...
Publication date: 1 Sep 2014 | Publication type: NIESR Discussion Paper | Theme: Britain & Finance | Authors: Armstrong, A
Using a panel of the largest 800 banks from 31 OECD countries between 1998-2012 we investigate whether the diversity of financial institutions affects their valuations. That is whether banks with more diversified operations trade at a premium (reduce risk) or discount (are too complex). We look at...