standard approach subsequent to becoming regulated, i.e., the presence of regulation may induce a bank to decrease the quality …=a2aaf8134cf0c27e583f0a58e581f0b6"><I>Journal of Banking and Finance</I></A> (2002) 26, 1407-25. …

of capital markets and banking systems as well as the distribution of access to external finance across firms …

While financial liberalization has in general favorable effects, reforms in countries with poor regulation is often … margins after banking crises are higher in the most corrupt countries. …

This paper focuses on the stability aspects of cross-border banking. We first argue that cross-border banking brings …-border banking in the EU, and derive implications for its optimal form. Next, we derive metrics that allow quantifying whether cross …-border banking in a country (or region) takes a desirable form and apply these metrics to the EU countries. Our results suggest that …

We exploit the introduction of free banking laws in US states during the 1837-1863 period to examine the impact of … find that the introduction of free banking laws stimulated the creation of new banks and led to more bank failures. Our … empirical evidence indicates that states adopting free banking laws experienced an increase in output per capita compared to the …

We study the effects of a bank’s engagement in trading. Traditional banking is relationship-based: not scalable, long … persist for the foreseeable future. The analysis has implications for capital regulation, subsidiarization, and scope and … scale restrictions in banking. …