Open AccessJournal Article
Comparing financial systems.
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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
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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
Law, Finance, and Economic Growth in China
TL;DR: Li et al. as discussed by the authors examined three sectors of the economy: the State Sector (state-owned firms), the Listed Sector (publicly listed firms), and the Private Sector (all other firms with various types of private and local government ownership).
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.
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How Law and Institutions Shape Financial Contracts: The Case of Bank Loans
TL;DR: In this article, a multi-dimensional empirical model was proposed to study how financial contracts respond to the legal and institutional environment, showing that loans with strong creditor protection have concentrated ownership, long maturity and low interest rates.
References
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Posted Content
Competition and stability: what's special about banking?
Elena Carletti,Philipp Hartmann +1 more
TL;DR: In this paper, the relationship between competition policies and policies to preserve stability in the banking sector is examined, showing the predominance of merger review considerations for loan and deposit markets as well as the relevance of cartel considerations for payment systems.
Posted Content
Bank Bias in Europe: Effects on Systemic Risk and Growth
Sam Langfield,Marco Pagano +1 more
TL;DR: The authors argued that an increase in the size of the banking system relative to equity and private bond markets is associated with more systemic risk and lower economic growth, particularly during housing market crises.
Journal ArticleDOI
Corporate Governance of Banks: A Survey
TL;DR: The authors reviewed the empirical literature on the corporate governance of banks and highlighted the main differences between banks and non-financial firms and focus on three characteristics which make banks special: (i) regulation, (ii) the capital structure of banks, and (iii) the complexity and opacity of their business and structure.
Место и роль инновационных технологий на уроках математики
TL;DR: In this paper, the authors proposed a method to compute the probability of a given node having a negative value for a given value of 0, i.e., a node having no negative value is 0.
Book
Beyond GDP: Measuring What Counts for Economic and Social Performance
TL;DR: Stiglitz, Fitoussi, and Durand as mentioned in this paper show that overreliance on GDP as the yardstick of economic performance misled policy makers who did not see the 2008 crisis coming.