Pursuing delinquent borrowers requires considerable effort, and creditors may lack the incentive to exert this costly effort in uncompetitive banking sectors. To examine this, we use a uniquely large dataset of public and private corporate bankruptcy filings spanning a banking-sector reform that...

In 2022, Ghana is still recovering from a financial services sector crisis that has its origins from 2015. Between 2017 and mid-2019, the Central Bank, the Bank of Ghana (BoG), the regulator of banking business under Ghanaian law, revoked the licences of ten banks. In all, the regulator revoked...