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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
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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
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The Real Effect of Foreign Banks ∗
Although foreign banks can act as catalysts for financial and economic development their role remains controversial because they might simply displace local lending, thereby tightening firms’ overallExpand
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Do Financial Sector Reforms Lead to Financial Development? Evidence from a New Dataset
This paper studies whether the policies that, over the past decades, liberalized bankingsystems around the world have resulted in deeper credit markets. To measure banking sectorreforms we use a newExpand
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The Determinants of Banking Crises: Evidence from Developed and Developing Countries†
The paper studies the factors associated with the emergence of systemic banking crises in a sample of developed and developing countries in 1981-94 using a multivariate logit econometric model. TheExpand
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Finance in Lower-Income Countries: An Empirical Exploration
This paper considers how a comprehensive set of factors relates to financial sector performance in low-income countries (LICs). It finds that corruption and inflation are associated with a shallowerExpand
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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 foreign banks are better at monitoring highend customers thanExpand
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Where Have All the Profits Gone? European Bank Profitability Over the Financial Cycle
The paper investigates EU banks’ profitability through the recent financial cycle using banklevel balance sheet and income statement data. We find that banks that were more successful at protectingExpand
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Do Financial Sector Reforms Lead to Financial Development? Evidence from a New Dataset
This paper studies whether the policies that, over the past decades, liberalized banking systems around the world have resulted in deeper credit markets. To measure banking sector reforms we use aExpand
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How Do Domestic Financial Liberalization and Financial Openness Affect Corporate Leverage and Debt Maturity
We assess the impact of domestic financial liberalization and international financial openness on leverage and debt maturity in a large panel of publicly traded non-financial firms in 22 advanced andExpand