Although recent experiences made during the ongoing international financial crisis call for smaller entities in banking systems, consolidation still takes place in many industrialized economies. The often stretched argument that large banks are able to establish economies of scale as well as...

Our paper addresses the economic concept of inflation, and how to measure inflation properly in practise. First of all we present and discuss comprehensively various definitions of inflation proposed and used in the literature. What follows, is a detailed investigation of empirical proxies or...

Our paper calls attention to the heterogeneous levels of competition in EMU banking systems. Employing a modified Lerner Index, our methodically unique data set enables us to calculate banks’ pricing power in the national lending business alone, instead of measuring market power for banks’...

Recent corporate scandals, together with the effects of globalization, have led to an increasing interest in corporate governance issues. Little attention has been paid, however, to international laws and recommendations dealing with corporate governance in banking from a global perspective....

The 2007 financial and economic crisis that began in the United States and quickly spread around the world differed from earlier crises in a number of significant ways. This book examines the causes of these events in the US, and their impacts on North America, Europe, Asia and Australia.