The impact of new regulatory costs in our model includes the hiring of additional staff, which results in higher total compensation and lower profitability. We then analyze the changes in the distribution of community bank profitability. 2  BIS central bankers’ speeches  Community bank consolidation The number of community banks in Minnesota has been falling for some time.
It accepts the view that the international role of the euro is primarily determined by the decisions of market participants. How, then, does the euro stack up in terms of the conditions that determine an international currency? The first factor I mentioned that determines international currency use is a stable currency.