taking place for retail banking. Data on cross-border retail bank flows, cross-border bank mergers and the law of one price … reveal no evidence of integration in retail banking. This paper shows that the previous tests of bank integration are weak in … that they are not based on an equilibrium concept and are neither necessary nor sufficient statistics for bank integration …

macroeconomic and bank regulatory reform. Bank regulatory policy promoted privatization, financial liberalization, and free entry …. Argentina's bank regulatory system now is widely regarded as one of the two or three most successful among emerging market …

This paper provides the first comprehensive econometric analysis of the causes of bank distress during the Depression …. We assemble bank-level data for virtually all Fed member banks, and combine those data with county-level, state … bank failure. We construct a model of bank survival duration using these fundamental determinants of bank failure as …

quality of bank assets and management. All three types of information were useful for gauging the condition of the bank, and … affected bank behavior, including a publicly observable signal (skipping a dividend payment). Participants in the market for … bank liabilities reacted to this signal in ways that promoted market discipline …

effects of RFC assistance on bank survival. We find that the loan program had no statistically significant effect on the … of increasing the indebtedness of financial institutions and subordinating bank depositors. We find that RFC's purchases … of preferred stock - which did not increase indebtedness or subordinate depositors - increased the chances that a bank …