If stable and efficient banks are such a good idea, why are they so rare? -- The game of bank bargains -- Tools of … colonial times to 1990 -- The new U.S. bank bargain : megabanks, urban activists, and the erosion of mortgage standards … -- Leverage, regulatory failure, and the subprime crisis -- Durable partners : politics and banking in Canada -- Mexico : chaos …

opted for issuing blanket guarantees on bank liabilities to stop or avoid widespread bank runs. In theory, blanket … guarantees can prevent bank runs if they are credible. However, guarantee could add substantial fiscal costs to bank …