Current empirical literature concerning the activities of foreign banks exhibits some degree of consensus around the thesis that foreign banks are less efficient than domestic banks in the case of industrial countries, but that they are more efficient than domestic institutions in emerging...

By the beginning of the 20th century, the possibility and efficacy of economic planning was believed to have been proven by totalitarian experiments in Germany, the Soviet Union, and, to a lesser degree, Fascist Italy; however, the possibilities and limitations of planning in capitalist...