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evidence reveals that (i) the top three banks, RBC Financial Group, TD Bank Financial Group, and Scotiabank are more …
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We investigate the effects of the abolition of double liability requirement imposed on bank shareholders in Canada on … bank risk-taking and lending behavior. Under the double liability rule, the shareholders of a bank were liable up to twice … the amount of their subscribed shares in the case of bankruptcy. With the establishment of the Bank of Canada in 1934, the …
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