The savings/investment process in capitalist economies is organized around bank-like
financial intermediaries (“banks”), making them a central institution of economic growth …

This paper explores the impact of corruption on both the banking sector and economic
growth; we determine the impact using 76 macroeconomic data from various countries over …

Studies of pre-Depression banking argue that banking panics resulted from depositor
confusion about the incidence of shocks, and that interbank cooperation avoided …

The paper analyses the relationship between deposit insurance, debt-holder monitoring,
and risk taking. In a stylised banking model we show that deposit insurance may reduce …

This paper uses micro-level historical data to examine the causes of bank failure. For state-
chartered Kansas banks during 1910-28, time-to-failure is explicitly modeled using a …

From 1863–1935, regulators imposed contingent liability on bank shareholders to
discourage risk taking. Using data from 1900 to 1915, I find that banks subject to stricter …

Deposit insurance reduces liquidity risk but can increase insolvency risk by encouraging
reckless behavior. Several US states installed deposit insurance laws before the creation of …

We analyze the effect of deposit insurance on the risk-taking behavior of banks in the context
of a quasi-natural experiment using detailed credit registry data. Using the case of an …

Bank capital regulation seems to be today's most accepted regulatory instrument. The
reasoning is that limited liability and deposit insurance appear to give banks incentives for …

This paper examines the causes of rural bank failures during the 1920s using a newly
created state-level data series. By focusing on rural banks we are able to investigate the …