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The paper analyses the relationship between deposit insurance, debt-holder monitoring, and risk taking. In a stylised banking model we show that deposit insurance may reduce moral hazard, if deposit insurance credibly leaves out non-deposit creditors. Testing the model using EU bank level data...
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part of approved EU marketing applications. Clinical trials that are no longer accepted by Western European ethics … committees are approved by the local ethics committees in countries like India, China, Argentina and Russia. Once officially … approved by an ethics committee, there are no obstacles to including the trial in the technical dossier of a marketing …
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Some regulation is needed to enhance growth and economic welfare, but too much undermines productivity. Generally, the …
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