The paper documents and analyses the World Bank's promotion of foreign ownership of banking in developing countries. In the wake of two decades of financial crises following exercises of orthodox financial reform, the World Bank has not only continued to push privatisation, but now sees foreign...

This study constitutes an exploratory analysis of the economic role of banks under different prudential frameworks. It considers an agent-based computational model populated by consumers, firms, banks and a central bank whose out-of-equilibrium interactions replicate the conjunct dynamics of a...