bank financial statements, as well as legal and institutional measures that support audit quality and independence. The … audited financial statements and central bank legislation. While the audit frameworks for central banks differ depending on …

This paper examines alternative ways to prevent losses from bank insolvencies. It is widely viewed that transparency in … reporting bank balance sheets is a key element in reducing such losses. It is, however, unclear just how such transparency would … develop a model that compares two alternative institutions for bank auditing. Neither of these institutions would require as …

This paper analyzes the evolution of bank funding structures in the run up to the global financial crisis and studies … the implications for financial stability, exploiting a bank-level dataset that covers about 11,000 banks in the U.S. and …-crisis period were more likely to fail afterward. The likelihood of bank failure also increases with bank risk-taking. In the cross …