Using bank level measures of competition and co-dependence, the authors show a robust positive relationship between bank competition and systemic stability. Whereas much of the extant literature has focused on the relationship between competition and the absolute level of risk of individual...

Deposit insurance is widely offered in a number of countries as part of a financial system safety net to promote stability. An unintended consequence of deposit insurance is the reduction in the incentive of depositors to monitor banks, which leads to excessive risk-taking. This paper examines...

"China's Emerging Financial Markets is necessary reading for those who seek to understand the strategic direction of this key industry, as well as those who wonder what role China will play in the current global economic crisis."--BOOK JACKET