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This paper analyzes how different legal and financial systems affect the composition of loan syndicates, and how the composition, in turn, affects loan pricing. In contrast with previous work on the a...
By the end of 2013, the share of government debt held by the domestic banking sectors of Eurozone countries was more than twice its 2007 level. We show that this type of increasing reliance on the dom...
In 1980, India nationalized its large private banks. This induced different bank ownership patterns across different towns, allowing credible identification of the effects of bank ownership on financi...
Figure 7: I plot the log of the ratio of intermediary equity to GDP (black line, right axis, decreasing scale) which is the state variable in the model, along with the subsequent 5 year excess retur...
This article takes the position that there have been significant costs attached to global banking financial integration and these costs were identified in a period prior to the 2008 Global Financial C...
The German banking system came under pressure during the financial crisis, not least due to its significant exposure to toxic assets which originated in the US. In the short run, the stability of the ...
The causes and consequences of financial exclusion have become a policy concern in Britain in recent years. This paper analyses policy discourses around financial exclusion and considers the (social a...
This article considers the cost of fringe financial services—including payday lenders, cheque-cashers, pawnbrokers—for individuals and an inner-city community as compared with mainstream bank services...
The author discusses financial regulatory reform for scale economies in banking. She argues that U.S. government's regulatory reforms should create incentives for banks and harness the financial marke...
The article presents a speech by Roger W. Ferguson, Jr., Vice Chairman of the U.S. Federal Reserve Board, delivered April 17, 2006 at the Conference on Modern Financial Institutions, Financial Markets...
The article discusses the measures taken by the Member States and the European Union (EU) countries during the global financial crisis in September 2008. It states that the Member States introduced ca...
IMF policies have been widely criticized in the aftermath of the Asian crisis. Key critics questioned the appropriateness and the sequencing of financial liberalization programs which, along with insu...
This article argues that the institutional mandates of central banks have an important influence on inflation outcomes in the advanced industrialized countries. Central banks that are also responsible...
The article offers information on a variety of Shari'ah compliant instruments used by Islamic banks for financial transactions. Murabaha is a resale contract, where the bank purchases equipment or tan...
Although the rural credit cooperatives are the only formal credit providers to millions of households in rural China, empirical evidence suggests that they do not serve the interests of member househo...

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