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This paper assesses whether and how financial development triggers the occurrence of banking crises. It builds on a database that includes financial development as well as financial access, depth and efficiency for almost 100 countries. Through estimation of a dynamic logit panel model, it...
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We evaluate the effects of post-crisis liquidity regulation on the U.S. banking system. We find that regulated banks …. However, some liquidity transformation has migrated to intermediaries not subject to liquidity regulation, such as small banks … liquidity regulation and create potential fragilities in the financial system. We study policy remedies to mitigate these …
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