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
Journal ArticleDOI
The Uneasy Promise of Deposit Insurance: Financial Globalization and the Protection of Savers:
TL;DR: In this paper, the authors argue that these phenomena have not only led to a new precariousness of individual provisions for the future, but also resulted in a flurry of activities by states to bolster existing arrangements to protect savers.
Journal ArticleDOI
Europe's Mea Culpa: A Global Economy Gone Mad or a Crisis of Our Own Making?
TL;DR: The authors investigates the micro-foundations of European financialization in the lead-up to the 2007-2008 global financial crisis to uncover the reasons for the surprising severity and persistence of financial instability in Europe.
Journal ArticleDOI
Financial Intermediaries and Capital Market Development in Nigeria
TL;DR: In this article, the authors investigated the impact of financial intermediaries on capital market development in Nigeria employing co-integration and found that in the long run, credit to private sector and money supply will lead to an increase in the capital market.
Posted Content
The Reform of Corporate Governance in France
TL;DR: In this paper, the authors demonstrate a distinctive interdisciplinary perspective which emphasizes the strong affiliation of economics and political science with financial markets and workplace relationships in the course of organizational transformation, and demonstrate the importance of finance and economics in the transition of French corporate governance.
Journal ArticleDOI
Candidate-centred systems, public banks and equity market restrictions in developing democracies
TL;DR: In this paper, the authors suggest that candidates in candidate-centred developing democracies will increase equity market restrictions in response to pressure from market concentrated public sector banks, and claim that highly market- concentrated public banks ha...
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.