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Structural biases in prudential regulation of banks

Author

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  • Mario Tonveronachi

    (Universitˆ degli Studi di Siena, Dipartimento di economia politica, Siena (Italy))

Abstract

According to Mario Tonveronachi, the Basle rules produce distortions that are no less serious than those attributed to the former structural regulation. Excessive competition is no less harmful than low competition, the level playing field approach helps the large dimension and Òtoo big to failÓ results, capital crunches produce serious effects on the economy while the regulatory costs go on absorbing important resources in small banks. It is a matter for further research to verify if the new approach to regulation has also fostered an increase in the part of GDP absorbed by the financial system without bringing about a better distribution of risks and a proportionate increase in what James Tobin (1984) termed full-insurance efficiency

Suggested Citation

  • Mario Tonveronachi, 2001. "Structural biases in prudential regulation of banks," BNL Quarterly Review, Banca Nazionale del Lavoro, vol. 54(219), pages 341-353.
    • Handle: RePEc:psl:bnlaqr:2001:41
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    File URL: http://ojs.uniroma1.it/index.php/PSLQuarterlyReview/article/view/9950/9831
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    Citations

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    Cited by:

    1. Elisabetta Montanaro, 2013. "Regole di Basilea e modelli di vigilanza: quale convergenza? (Basel rules and supervisory models: What convergence?)," Moneta e Credito, Economia civile, vol. 66(264), pages 415-442.
    2. Jacob A. Bikker & Haixia Hu, 2002. "Cyclical patterns in profits, provisioning and lending of banks and procyclicality of the new Basel capital requirements," Banca Nazionale del Lavoro Quarterly Review, Banca Nazionale del Lavoro, vol. 55(221), pages 143-175.
    3. Mario Tonveronachi, 2010. "Financial innovation and system design," PSL Quarterly Review, Economia civile, vol. 63(253), pages 131-144.

    More about this item

    Keywords

    Bank; Regulation;

    JEL classification:

    • L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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