The benefits of top down financial reporting regulation over the past eight decades are less obvious than its failures to achieve the purported goals. Perhaps it is time to give a chance to an alternative approach of regulatory competition

In this paper, we examine the influence of bank regulation, concentration, and financial and institutional development on commercial bank margins and profitability across a broad selection of Middle East and North Africa (MENA) countries. We cover the 1989-2005 period and control for a wide...

Financial sectors in the developing world pressure governments to open capital accounts, a policy which standard theories of open economy politics predicts would harm their interests. I explain this apparent contradiction by studying international financial intermediation, showing that lenders...