unexpected loss of liquidity, or trends in globalization and deregulation in financial markets. The analysis finds disturbing … supervision in every country in the world. The paper concludes by identifying reforms that would improve incentives by increasing … transparency and accountability in government and industry alike. "--World Bank web site …

but bring future prosperity. This paper tests these hypotheses, using data on micro-economic reforms from the World Bank …. "--World Bank web site …

risky, which is consistent with the demise of the U.S. investment banking sector. "--World Bank web site …

economic reforms. The authors test this hypothesis using data on micro-economic reforms from the World Bank's Doing Business … probability of reform in the sample is 57.1 percent. "--World Bank web site …