If stable and efficient banks are such a good idea, why are they so rare? -- The game of bank bargains -- Tools of … colonial times to 1990 -- The new U.S. bank bargain : megabanks, urban activists, and the erosion of mortgage standards … -- Leverage, regulatory failure, and the subprime crisis -- Durable partners : politics and banking in Canada -- Mexico : chaos …

This paper documents large cross-country variation in the relationship between bank competition and bank stability and … explores market, regulatory and institutional features that can explain this variation. We show that an increase in competition …