Italy, Brazil and then finally India. We also show that autonomous government schools (i.e. government funded but with …

studies in India that provide unique insight into this issue. First, we use a discrete choice experiment to show that patients …

) electronic payments system. We construct an equilibrium model of customer and bank adoption of ACH. We structurally estimate the …

fees, foreign fees and surcharges applied to transactions by customers at other than an own-bank ATM. Surcharging raises … typically not possible between a bank and a non-bank. A high cost of teller transactions modifies the tendency towards high ATM …This paper develops a spacial model of ATM networks to explore the implications for banks and non-banks of interchange …

-funded capital injections. However, on closer inspection the composition of bank capital shifted radically from one based on common …

how they are resolved. Our analysis sheds new light on the conflict between micro-prudential bank regulation and …

We investigate whether a bank's performance during the 1998 crisis, which was viewed at the time as the most dramatic … crisis since the Great Depression, predicts its performance during the recent financial crisis. One hypothesis is that a bank …. Another hypothesis is that a bank's poor experience in a crisis is tied to aspects of its business model that are persistent …

The largest commercial bank stocks, ranked by total size of the balance sheet, have significantly lower risk …-adjusted returns than small- and medium-sized bank stocks, even though large banks are significantly more levered. We uncover a size … factor in the component of bank returns that is orthogonal to the standard risk factors, including small-minus-big, which has …