This paper investigates whether the probability of a banking crisis depends on the time that has elapsed since the last banking crisis. More than two centuries of banking crises are considered, and a discrete-time duration model that is based on a cubic spline methodology is implemented. The...

This paper provides the first quantitative assessment of the contribution of global banks in intermediating tax evasion. Applying gravity equations on a unique regulatory dataset based on comprehensive individual country-by-country reporting from all the Systemically Important Institutions in...

The aim of this paper is to investigate the relationship between credit and business cycles within a nonlinear framework. To this end, we rely on the estimation of smooth transition regression models for a sample of 17 OECD countries over the 1986-2010 period. Our findings show that credit...

This paper investigates whether the differences in bank regulatory standards matter for the cross-border supply of financial services. A gravity model of the bilateral exports of financial services is implemented to assess the impact of various factors that measure cross-country differences in...

This paper examines the determinants of bank failures in the US banking system during the recent financial crisis. The analysis employs a data set on the financial statements of FDIC-insured commercial banks and their bank holding companies, along with information on bank failures, mergers and...