Baum, Christopher F.; Grazzini, Caterina Forti; … - 2020 - This version: May 9, 2020
This paper analyzes the causal relationship between institutional diversity in domestic banking sectors and bank … between 1998 and 2014. Constructing two distinct indicators for measuring institutional diversity, we find that a high degree … of institutional diversity in the domestic banking sector positively affects bank stability. The positive relationship …