This survey reviews the literature on the political economy of financial structure, broadly defined to include the size of capital markets and banking systems as well as the distribution of access to external finance across firms.The theoretical literature on the institutional basis for...

Die 40. Auflage des gut benutzten Klassikers ist in Umfang und vor allem im Preis wesentlich erweitert (zuletzt BA 10/93). Teile des Buches wurden völlig neu konzipiert, um den tiefgreifenden Veränderungen in der nationalen und internationalen Finanzwirtschaft Rechnung zu tragen. Gleiches gilt...

We present a quantitative methodology for analyzing the potential for contagion and systemic risk in a network of interlinked financial institutions, using a metric for the systemic importance of institutions: the Contagion Index. We apply this methodology to a data set of mutual exposures and...

The liberalization of capital flows is considered an important prerequisite for triggering the financial crisis and is determined by many observers as the most likely cause of the crashes are caused by the emerging markets over the last decade. Empirical data show claim that the liberalization...

The liberalization of capital flows is considered an important prerequisite for triggering the financial crisis and is determined by many observers as the most likely cause of the crashes are caused by the emerging markets over the last decade. Empirical data show claim that the liberalization...