This study develops a method to evaluate the quality of a legal framework for bank regulation and supervision (RS) by developing an extensive set of criteria and a coding system. Using this method, we generate an original set of measurements for RS by evaluating the letter of banking laws of 23...

Several transition economies have undertaken fiscal decentralization reforms over the past two decades along with liberalization, privatization, and stabilization reforms. Theory predicts that decentralization may aggravate fiscal imbalances, unless the right incentives are in place to promote...

Using the data of 82 Chinese commercial banks from 2000 to 2012, this paper investigates the effect of bank ownership reforms on prudential behavior. Three main results emerge. First, state-owned commercial banks are more prudential than joint-stock commercial banks and city commercial banks...