a certain critical level. The sample covers during the period 2000–2007 commercial baking sector of Europe and USA. The …

enjoy a significant reduction in funding costs if affiliation with a bank extended the federal safety net for banks to cover …

authors stress that bank management contemplating diversification into the commercial sector must be selective about which …

removing barriers to bank entry on bank competition and economic growth. As governments were not concerned about systemic … stability in this period, we are able to isolate the effects of bank competition from those of state implicit guarantees. We … find that the introduction of free banking laws stimulated the creation of new banks and led to more bank failures. Our …