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 …

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

rationale for the partial bailout policy adopted in 1995, and we investigate why this policy stance did not solve the banking … scenario. Furthermore, the existence of non-performing loans presents an obstacle for the banking system to adequately perform …

This paper examines the relationship between the structure of banking markets and economic growth using a new dataset … on manufacturing industry-level growth rates and banking market concentration for U.S. states during 1899-1929--a period … when the manufacturing sector was expanding rapidly and restrictive branching laws segmented the U.S. banking system …