be expanded.2 The Bank of Botswana (BoB) lacks an emergency liquidity support mechanism for commercial banks, bank …

synthesize knowledge about the design and implementation of bank regulation and identify areas where more work is needed. We … present a simple framework for organizing the relevant ideas, namely the externalities that motivate bank regulation, the … work in these areas is that academic studies of bank regulation and accounting discretion require a more unified approach …

Loan guarantees represent a form of government intervention to support bank lending. However, their use raises concerns … as to their effect on bank risk-taking incentives. In a model of financial fragility that incorporates bank capital and a … bank incentive problem, we show that loan guarantees reduce depositor runs and improve bank underwriting standards, except …