Asli Demirguc-Kunt

TL;DR: In this paper, the authors provide evidence on regulatory and supervisory practices around the world in the context of the global financial crisis, using data from a new World Bank survey covering 143 countries, and find that crisis countries had less stringent and more complex definitions of capital but exhibited lower actual capital ratios, faced fewer restrictions on non-bank activities, were less strict in the regulatory treatment of bad loans, and were less able to demand banks to adjust their equity, provisions or compensation schemes, and had greater disclosure requirements but weaker incentives for private agents to monitor banks.

TL;DR: This paper found that state banks are less procyclical than private banks, especially in countries with good governance, and that lending by state banks in high income countries is even countercyclical.

TL;DR: The authors examined empirically the existence of speculative bubbles in U.S. stock prices and, by building on West's procedure, propose direct and computationally simple tests of the "nobubble" hypothesis.

TL;DR: In this paper, the authors report on new research that will guide both policy makers and scholars in a broader push to extend financial markets to the unbanked population, including the complexity of surveying people about their use of financial services, evidence of the impact of financial service on income, and the occasional negative effects on poor households, including disincentives to work and overindebtedness.

TL;DR: The authors examined the evolution of credit risk co-dependence in the banking sectors of over 65 countries and found that there has been a significant increase in default risk codependency over the 3-year period leading up to the financial crisis.