The recent banking crisis has revealed the existence of strong resiliency factors in the retail banking business model. On average, retail banks suffered less than other financial institutions from unexpected market changes. This paper proposes a new methodology to measure retail banks’...

Warnings ignored -- The invisible hand -- Prices as signals -- Perfect markets -- Proof positive? -- The evangelist -- Efficient markets -- Lucasian economics -- "The prof and the polar bears" -- A taxonomy of failure -- The prisoner's dilemma -- The market for lemons -- The beauty contest --...