This paper reviews the empirical literature on the corporate governance of banks. We start
by highlighting the main differences between banks and nonfinancial firms and focus on …

This paper reviews the pattern of bank failures during the financial crisis and asks whether
there was a link with corporate governance. It revisits the theory of bank governance and …

Europe's financial structure has become strongly bank-based–far more so than in other
economies. We document that an increase in the size of the banking system relative to …

Previous literature has shown mixed results on the role of female participation on bank
boards and bank performance: some papers find that more women on boards enhance …

We study whether the solvency problems of Spain's weakest banks in the Great Recession
have caused employment losses outside the financial sector. Our analysis focuses on the …

The establishment of Banking Union represents a major development in European
economic governance and European integration history more generally. Banking Union is …

We study the mechanisms through which the entry into the euro delayed, rather than
advanced, key economic reforms in the eurozone periphery and led to the deterioration of …

We provide a comprehensive account of the dynamics of eurozone countries from 2000 to
2012. We analyze private leverage, fiscal policy, labor costs, and spreads, and we propose …

Organizations fail due to incentive problems (agents do not want to act in the organization's
interests) and bounded rationality problems (agents do not have the necessary information …

We analyze the determinants of real estate and credit bubbles using a unique borrower-
lender matched dataset on mortgage loans in Spain. The dataset contain real estate credit …