This paper analyzes empirically the channels through which university research affects industry innovation. We examine how the opening of new science, medicine and engineering departments in Italy during 1985-2000 affected regional innovation systems. We find that creation of a new university...

The basic worldwide financial safety net architecture provides for a system of similar institutions: a lender of last resort, deposit insurance, and prudential regulation. In countries whose banking systems suffer seriously from negative capital positions and overbanking, such as in some Latin...

This paper analyzes the consequences of alternative financial structures for financial efficiency and stability. The focus is on the organizational structure of banks. Alternative bank structures range from "narrow banks" to broad "universal banks". Each banking structure is assessed in its...

Institutional investors (insurance companies, investment companies and pension funds) have been gaining in importance in both OECD and non-OECD countries. The institutionalisation of savings is having a profound impact on the structure and functioning of capital markets. Institutional investors...

This report presents a detailed analysis of the Dominican Republic’s financial system and offers a series recommendations to develop the country’s capital markets. The country has recently made big advances in the development of its capital markets, achieving high solvency in the banking...

The Financial Indicators dataset in Main Economic Indicators (MEI) contains financial statistics on monetary aggregates, interest rates, exchange rates, government reserve assets and share prices. These indicators aim to capture in quantitative terms this important but heterogeneous and fast...