. The paper's proposal hinges upon the subsidiarity portfolio, to which the state-owned bank should manage as a trustee only …

-known international economists, all of them doing without a national central bank, we advance the proposal to substitute a reserve …

-owned bank. Firstly, it stresses that the principle of subsidiarity is at the root of decision-making processes in which the bank … institutions. Next, it defines the assets and liabilities portfolios of the bank and, by means of a break-even analysis of those … bank. Lastly, it enlarges about likages between risk and subsidiarity on the one hand, and quasi-fiscal activities on the …

companies it is less likely that the chairperson of the supervisory board is a former executive of the same bank. Over time …

nationwide, regarding different outreach indicators. At the federal state level, bank outreach shows South-North and West …-East gaps. Combining regional and bank data at the district level for 2005, we examine the determinants of geographic and … share of elder people and bank size in a region. Because of their public mission to serve all regions, public savings banks …