infrastructure promotes financial market growth, reduces the scope of traditional banking, and helps investors make more efficient … investment decisions. The theory presented explains why traditional banking predominates in the early stages of economic …

financial debates and research. Narrow banking would prevent deposit-issuing banks from lending to the private sector and … restrict nonbank intermediaries from funding investments with demand deposits. Proponents of narrow banking defend it as a step … narrow banking with contemporary banking theories, and evaluates the potential consequences of narrow banking on finance and …

SSEs work their effects through the intermediaries and estimates such effects using a large banking data panel. The study …

In episodes of significant banking distress or perceived systemic risk to the financial system, policymakers have often … restructuring programs and may increase moral hazard going forward. Using a sample of 42 episodes of banking crises, this paper …

We update the widely used banking crises database by Laeven and Valencia (2008, 2010) with new information on recent … banking, currency, and sovereign debt crises during the period 1970-2011. The data show some striking differences in policy …