Germany's bank-based financial system provides a high level of financial inclusion, measured by bank outreach and use of financial services. However, the most vulnerable individuals and small enterprises in Germany tend to be excluded or credit constrained. The quality of financial inclusion is...

It appears to be common wisdom that the basic cause of Thailand's crisis is its extraordinarily weak financial institutions. The article questions this proposition from an empirical viewpoint. It is argued that the facts provided can be better explained in a framework of system change than by...

It appears to be common wisdom that the basic cause of Thailand's crisis is its extraordinarily weak financial institutions. The paper questions this proposition from an empirical viewpoint. It is well established that the long-term performance of Thailand's financial system is favorable. The...