Why are banking systems unstable in so many countries--but not in others? The United States has had twelve systemic … banking crises since 1840, while Canada has had none. The banking systems of Mexico and Brazil have not only been crisis prone … but have provided miniscule amounts of credit to business enterprises and households. Analyzing the political and banking …

Why are banking systems unstable in so many countries--but not in others? The United States has had twelve systemic … banking crises since 1840, while Canada has had none. The banking systems of Mexico and Brazil have not only been crisis prone … but have provided miniscule amounts of credit to business enterprises and households. Analyzing the political and banking …

GDP ratio as an indicator of banking sector development, and Index of Industrial Production (IIP) as the proxy for GDP … (1991:1–1998:12), the present study shows that stock market size and banking development are positively correlated with …

began winning a market share. The 1990s, which may best be described as the “lost decade” in terms of banking and financial …

, additionally, by a banking sector that channels households' funds to firms and eliminates idiosyncratic risk. In equilibrium … banking sector's translation of borrowing rates into lending rates and vice versa. …