The author uses the regional structure of the economy, proxied by the shares of services and industry in regional gross domestic product (GDP), as an indicator of the demand for educated workers. By examining whether the level of schooling as a function of shares of services and industry differs...

This paper studies whether compliance with the Basel Core Principles for Effective Banking Supervision (BCP) improves bank soundness. BCP compliance assessments provide a unique source of information about the quality of bank supervision and regulation around the world. The authors find a...

Using a multi-country panel of banks, the authors study whether better capitalized banks fared better in terms of stock returns during the financial crisis. They differentiate among various types of capital ratios: the Basel risk-adjusted ratio; the leverage ratio; the Tier I and Tier II ratios;...