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? 2005 Pearson Education Canada Inc. ? 2005 Pearson Education Canada Inc. ? 2005 Pearson Education Canada Inc. Chapter 11 Economic Analysis of Banking Regulation ? 2005 Pearson Education Canada Inc. 第一页，共十六页。 How Asymmetric InformationExplains Banking Regulation 1. Government Safety Net and Deposit Insurance A. Prevents bank runs due to asymmetric information: depositors can’t tell good from bad banks B. Creates moral hazard incentives for banks to take on too much risk C. Creates adverse selection problem of crooks and risk-takers wanting to control banks D. Too-Big-to-Fail increases moral hazard incentives for big banks 2. Restrictions on Asset Holdings A. Reduces moral hazard of too much risk taking * ? 2005 Pearson Education Canada Inc. 第二页，共十六页。 3. Bank Capital Requirements A. Reduces moral hazard: banks have more to lose when have higher capital B. Higher capital means more collateral for FDIC 4. Bank Supervision: Chartering and Examination A. Reduces adverse selection problem of risk takers or crooks owning banks B. Reduces moral hazard by preventing risky activities 5. New Trend: Assessment of Risk Management 6. Disclosure Requirements A. Better information reduces asymmetric information problem How Asymmetric InformationExplains Banking Regulation * ? 2005 Pearson Education Canada Inc. 第三页，共十六页。 3. Bank Capital Requirements A. Reduces moral hazard: banks have more to lose when have higher capital B. Higher capital means more collateral for CDIC 4. Bank Supervision: Chartering and Examination A. Reduces adverse selection problem of risk takers or crooks owning banks B. Reduces moral hazard by preventing risky activities C. New trend: Assessment of risk management 5. Disclosure Requirements A. Better information reduces asymmetric information problem How Asymmetric InformationExplains Banking Regulation * ? 2005 Pearson Education Canada Inc. 第四页，共十六页。 Major Banking Legislation in Canada * ? 2005 Pearson Education Canada Inc. 第五页，共十六页。 Major Banking Legis