Explicit deposit insurance has been spreading rapidly in the past decades, most recently to countries with low levels of financial and institutional development. This paper documents the extent of crosscountry differences in deposit-insurance design and reviews empirical evidence on how...

In 1986 the American Bankers Association asked five banking academics to assess and recommend policy options to improve the banking system's efficiency, performance, and safety. The report these five economists produced, Perspectives on Safe and Sound Banking: Past, Present, and Future, has in...

At the 1989 Lake Bluff conference on globalization, three authorities presented their personal—and conflicting—views on international financial regulation in general, and the 1988 BIS-sponsored Basle agreement, in particular.