… Anthony Saunders and Ingo Walter examine universal banking systems in other countries,
especially Germany, Switzerland, and the UK, and how they work. They then apply the …

The policy linkage between environment and development is traced to variations in the
relevant tradeoffs between countries and over periods of time. Emphasis is placed on the …

We investigate whether the diversification discount occurs partly as an artifact of poor
corporate governance. In panel data models, we find that the discount narrows by 16% to 21% …

This article examines debt securities underwritten by Section 20 subsidiaries of bank holding
companies relative to those underwritten by investment houses. Consistent with a net …

Few aspects of the great European integration project have been as difficult and fraught with
political conflict as the creation of a single financial market and monetary union. However, it …

This paper investigates whether functional diversification is value-enhancing or value-destroying
in the financial services sector, broadly defined. Based on a US dataset comprising …

The CHaracterising ExOPlanet Satellite (CHEOPS) was selected on October 19, 2012, as
the first small mission (S-mission) in the ESA Science Programme and successfully launched …

Microfinance is arguably one of the most effective techniques for poverty alleviation in
developing countries. Although traditionally supported by nongovernmental organizations and …

Few sectors of the global economy have experienced the dynamic and structural change that
has occurred over the past several decades in banking and financial services or as much …

We argue that the fundamental cause of the financial crisis of 2007–2009 was that large,
complex financial institutions (" LCFIs") took excessive leverage in the form of manufacturing tail …