This paper analyzes the consequences of alternative financial structures for financial efficiency and stability. The focus is on the organizational structure of banks. Alternative bank structures range from "narrow banks" to broad "universal banks". Each banking structure is assessed in its...

Should Latin American countries adopt the same regulatory and supervisory procedures and market structures as industrial countries? Or should they consider alternative financial frameworks better suited to their very different economies? Policymakers, academics, and market practicioners exchange...

This paper examines the relationship between changes in the financial sector and the increasing inequality in Germany. For this, first an overview about the development of the main inequality indicators for Germany is given, which show inequality has been rising since the 1980s. Thereafter, the...