This paper presents a synopsis of recent NBER studies of the history of corporate governance in Canada, China, France …, Germany, Japan, India, Italy, the Netherlands, Sweden, the United Kingdom, and the United States. Together, the studies …

privately observable, idiosyncratic random events. The information structure precludes conventional insurance arrangements …. However, a financial institution -- perhaps best viewed as a savings bank -- can provide partial insurance by generating a …, resulting in a level of expected utility higher than that achievable in simple security markets. Insurance is incomplete because …

We investigate how banking relationships that combine lending and underwriting services affect the terms of lending … risk insurance, which is manifested in a reduced demand for lines of credit. We also find evidence of a “road showâ …

service categories (banking, insurance, and telecoms), asking whether it is likely they will really be fully implemented in … these services by 2007 (and for banking, perhaps in the world), the starting point for implementing these policy changes …

Recent banking theory holds that durable firm-bank relationships are valuable to both parties. Using contract …

. The analysis includes a set of multivariate time series models that relate measures of banking and equity market activity …