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threats, corruption, and other relevant controls. While growth falls with higher levels of military spending, given the values …
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This paper investigates the impact of the history of crises on macroeconomic performance. We first study the impact of past banking crises on the probability of a future banking crisis. Applying data for 1980‐2010 for all countries for which the required information is available, controlling...
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thus dampens the negative effect that deposit insurance has on banks' risk taking. "--World Bank web site …
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institutions dispose a country toward adopting design features that inadequately control risk-shifting. "--World Bank web site …
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in banking"--World Bank web site …
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