Book of Donmon Teith

Countries differ in the extent to which their financial systems are bank-based or market-based. The financial systems of Germany and Japan, for example, are con

For countries with underdeveloped financial systems, a move toward a more developed financial system reduces bank margins and profitability. Controlling for bot

We analyze how bank profitability impacts financial stability from both theoretical and empirical perspectives. We first develop a theoretical model of the rela

March 1998 Differences in interest margins reflect differences in bank characteristics, macroeconomic conditions, existing financial structure and taxation, reg