institutional roof - banks or non-bank (shadow) banks - under which they are conducted. Our results reveal a declining role of banks … (and a commensurate increase in non-bank banking). These structural shifts (between institutions) are coincident with …

This study investigates whether the competence of central bank governors affects the stability of the financial system … they are responsible for. Using publicly available information about central bank governors from 2000 to 2016 together with … data on financial stability and the macroeconomy, the findings reveal that central bank governors' competence promotes …