Can regulation solve problems arising from a natural monopoly? This paper analyzes whether “unbundling,” referring to regulations that enforce sharing of natural monopoli[...]

The authors conduct a counterfactual simulation of the proposed rules under the new Basel Capital Accord (Basel II), including the revised treatment of expected and unexp[...]

There is a large body of literature that studies the relationship between financial structure (that is, the degree to which the financial system is either market- or inte[...]