• Publications
  • Influence
The Determinants of Banking Crises in Developing and Developed Countries
The paper studies the factors associated with the emergence of systemic banking crises in a large sample of developed and developing countries in 1980-94 using a multivariate logit econometric model.Expand
  • 1,482
  • 116
A New Database of Financial Reforms
This paper introduces a new database of financial reforms covering 91 economies over 1973–2005. It describes the content of the database, the information sources utilized, and the coding rules usedExpand
  • 584
  • 116
  • PDF
Does Deposit Insurance Increase Banking System Stability? An Empirical Investigation
Based on evidence of 61 countries in 1980-97, the authors find that explicit deposit insurance tends to be detrimental to bank stability, the more so where bank interest rates are deregulated and theExpand
  • 1,232
  • 80
  • PDF
Multiple versus Single Banking Relationships: Theory and Evidence
A theory of the optimal number of banking relationships is developed and tested using matched bank-firm data. According to the theory, relationship banks may be unable to continue funding profitableExpand
  • 724
  • 71
A New Database of Financial Reforms
This paper introduces a new database of financial reforms, covering 91 economies over 1973–2005. It describes the content of the database, the information sources utilized, and the coding rules usedExpand
  • 368
  • 71
Foreign Banks in Poor Countries: Theory and Evidence
We study how foreign bank penetration affects financial sector development in poor countries. A theoretical model shows that when domestic banks are better than foreign banks at monitoring softExpand
  • 517
  • 47
  • PDF
Migration with endogenous moving costs.
The authors study a dynamic model of labor migration in which moving costs decrease with the number of migrants already settled in the destination. This assumption is supported by sociologicalExpand
  • 579
  • 40
Bank Capital: Lessons from the Financial Crisis
Using a multi-country panel of banks, the authors study whether better capitalized banks fared better in terms of stock returns during the financial crisis. They differentiate among various types ofExpand
  • 394
  • 30
  • PDF
Crises and Liquidity: Evidence and Interpretation
In a large panel of countries, we find that less liquid countries are more likely to default on their external debt. Specifically, for given total external debt, the probability of a crisis isExpand
  • 247
  • 22
...
1
2
3
4
5
...