Abstract: It is by now commonly understood that healthy banking systems require not only more insightful regulation and supervision but a new emphasis on market discipline. In this regard a rapidly growing body of research has focused on both measures internal to the firm the bank –...

This paper provides detailed information on banking structure, permissible banking activities, regulatory structure, deposit insurance schemes, and supervisory practices in each of the 15 European Union countries, as well as in Canada, Japan, Switzerland, and the United States. Comparisons...

After two decades of extreme turbulence in banking and financial markets around the world, it is reasonable to ask about the current status of banking regulation and supervision. Our unique starting point for answering that question comes from the fact that 20 years ago we developed the first...

This paper compares key characteristics of banking systems across countries. A basic premise underlying our review is that the increasing globalization of banking and finance mandate a broad, cross-country perspective on banking issues. Indeed, cross-country comparisons can add insight into...

This article explores the contribution of religion to the cultural capital of the modern market economy. Networks of church and state that originated in premodern times played an important role as conduits for the transmission of cultural values that have endured into the present and set the...

This article explores religion’s contribution to the cultural capital of the modern market economy. Networks of Church and State that originated in premodern times played an important role as conduits for the transmission of cultural values that have endured into the present and set the...

Networks of Church and State that originated in premodern times played an important role as conduits for the transmission of cultural values that have endured into the present and set the economic history of China apart from that of Europe. The imprints of those networks, which preceded the...

Many countries around the world have experienced banking crises in the past two decades, and all countries are witnessing substantial changes in the structure and nature of banking. These developments have led national and multilateral policymakers to focus increased attention on the crucial...