reviews the debate about marketbased vs. bank-based financial systems. Using data for a sample of 40 countries over the period … economic growth, but the degree to which a financial system is market- or bank-based cannot explain economic development across …

between bank lending specialization and bank performance and stability in an international sample. Theory suggests that banks … exposures, while not leading to higher returns. The paper also documents important time, cross-bank, and cross-county variation …

between bank lending specialization and bank performance and stability in an international sample. Theory suggests that banks … exposures, while not leading to higher returns. The paper also documents important time, cross-bank, and cross-county variation …

between bank lending specialization and bank performance and stability in an international sample. Theory suggests that banks … exposures, while not leading to higher returns. The paper also documents important time, cross-bank, and cross-county variation …