This study investigates a 100-year history of the asset-risk and capital structure choices of the publicly-traded banks located in the UK, Canada and US. These three countries were chosen because their diverse regulatory and banking structures, while sharing common legal and cultural...

Bank owner contingent liability has been important in the development of many industrial countries. Unlimited liability on bank owners was an important element in the success of Scottish banking, which led Scotland to be free of the banking and monetary upheavals that occurred in Britain and the...