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The regulatory and supervisory practices most effective in promoting good performance and stability in the banking sector are those that force accurate information disclosure, empower private sector monitoring of banks, and foster incentives for private agents to exert corporate control
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advice about bank ewgulation and supervision and lower the marginal cost of empirical research …
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development but need to be "weakened" later, at the expense of bank rents, to foster further development. The important question … traumatic events such as bank failures …
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