“...Does capital flow from rich to poor countries? We revisit the Lucas paradox to account for the role of capital account openness. We find that, when accounting...”

“...This paper presents a simultaneous assessment of the relationship between economic performance and three groups of economic reforms: domestic finance, trade,...”

“...This study finds that banks receive more favorable Moody's financial strength ratings in countries with better compliance with Basel Core Principles related to...”

“...We consider a moral hazard economy in banks and production to study how incentives for risk taking are affected by the quality of supervision. We show that low...”

“...The paper investigates EU banks' profitability through the recent financial cycle using banklevel balance sheet and income statement data. We find that banks...”

“...The financial crisis has highlighted the importance of various channels of financial contagion across countries. This paper first presents stylized facts of...”

“...From Fragmentation to Financial Integration in Europe is a comprehensive study of the European Union financial system. It provides an overview of the issues...”

“...This paper introduces a new database of financial reforms covering 91 economies over 1973–2005. It describes the content of the database, the information...”

“...The paper examines the extent to which current account imbalances of euro area countries are related to intra-euro area factors and to external trade shocks...”

“...This paper analyzes the emergence and the evolution of a modem banking system, in a developing economy where banks coexist with informal credit institutions...”