A rapidly growing empirical literature is studying the causes and consequences of bank
fragility in contemporary economies. The paper reviews the two basic methodologies …

Unlike price stability, financial stability is not easy to define or measure given the
interdependence and the complex interactions of different elements of the financial system …

A literature review showed that finance is a driver of sustainability. However, to achieve
sustainability through finance, it is necessary to rebuild and adapt the financial system to the …

In recent decades, developments in the financial sector have played a major role in shaping
macroeconomic outcomes in a wide range of countries. Financial developments have …

THE EAST ASIAN crisis is only the latest in a series of spectacular economic catastrophes in
developing countries. In the past twenty years at least ten countries have suffered from the …

The European currency crises of 1992-93, the Mexican crisis of 1994-95, and especially the
Asian/global crisis of 1997-98, have all contributed to a heightened interest in the early …

The present study investigates for the first time the efficiency of Malaysian banking sector
around the Asian financial crisis 1997. The efficiency estimates of individual banks are …

Inflation targeting (IT) serves as monetary policy framework in several advanced economies,
where it has enhanced policy transparency and accountability. The paper considers its …

This paper empirically analyzes the contribution of microeconomic and macroeconomic
factors in five recent episodes of banking system problems in the US Southwest (1986–92) …

Many prominent critics regard the international financial system as the dark side of
globalization, threatening disadvantaged nations near and far. But in The Next Great …