Open AccessJournal Article
Comparing financial systems.
About:
This article is published in Kyklos.The article was published on 2000-01-01 and is currently open access. It has received 603 citations till now.read more
Citations
More filters
Posted Content
Funding Modes of German Banks: Structural Changes and its Implications
Lars L. Norden,Martin Weber +1 more
TL;DR: In this article, the authors examine the funding modes of German banks and its implications for lending and profitability over the period 1992-2002, and find that deposits from customers lose ground in relative terms while interbank liabilities increase as a source of funding.
Posted Content
Moral Hazard and Debt Maturity
TL;DR: In this paper, the authors present a model of the maturity of a bank's uninsured debt and characterize the conditions under which short-term and long-term debt are feasible, and show circumstances under which only short-short debt is feasible and under which both are feasible.
Journal ArticleDOI
Re-Examining the Finance-Growth Relationship for a Developing Economy: A Time Series Analysis of Post-Reform India
Sabyasachi Kar,Kumarjit Mandal +1 more
TL;DR: In this paper, the authors re-examine the validity of three propositions on the finance-growth relationship: financial deepening has a strong impact on the growth process, measures of financial activity rather than the size of the sector plays a more significant role in the growth, and financial structure (bank-based versus stock market-based) has no impact at all.
Posted Content
Financial Market Imperfections, Labour Market Imperfections and Business Cycles
TL;DR: In this article, a business cycle model with rational expectations is introduced, in which uncorrelated productivity shocks or monetary shocks generate autocorrelated employment fluctuations due to financial constraints.
OtherDOI
Corporate Governance in European Banking
Francesca Arnaboldi,Barbara Casu +1 more
TL;DR: In this article, a survey of the corporate governance features of banking institutions in the EU-15 countries is presented, highlighting that cultural and legal differences are still strongly embedded in national cultural identities and these seem to drive the majority of difference in corporate governance arrangements.
References
More filters
Journal ArticleDOI
Investor Protection and Corporate Governance
TL;DR: In this article, the authors argue that the legal approach is a more fruitful way to understand corporate governance and its reform than the conventional distinction between bank-centered and market-centered financial systems, and discuss the possible origins of these differences, summarize their consequences, and assess potential strategies of corporate governance reform.
Journal ArticleDOI
The Theory of Bank Risk Taking and Competition Revisited
John H. Boyd,Gianni De Nicolo +1 more
TL;DR: The authors show that existing theoretical analyses of this topic are fragile, since there exist fundamental risk-incentive mechanisms that operate in exactly the opposite direction, causing banks to become more risky as their markets become more concentrated.
Journal ArticleDOI
Bank concentration, competition, and crises: First results
TL;DR: In this paper, the impact of national bank concentration, bank regulations, and national institutions on the likelihood of a country suffering a systemic banking crisis was studied using data on 69 countries from 1980 to 1997.
Posted Content
Competition and Financial Stability
Franklin Allen,Douglas Gale +1 more
TL;DR: The authors used a variety of models to address the question of what are the efficient levels of competition and financial stability, and found that different models provide different answers, and that sometimes competition increases stability, while in a second best world, concentration may be socially preferable to perfect competition.
Posted Content
The Corporate Governance of Banks
Jonathan R. Macey,Maureen O'Hara +1 more
TL;DR: In this paper, the authors argue that commercial banks pose unique corporate governance problems for managers and regulators, as well as for claimants on the banks' cash flows, such as investors and depositors.