What does the three-pillar system look like? -- Three-pillar banking in Europe -- How will the phaseout of guarantees affect the public sector banks? -- Structural adaptation in the German banking system -- Summary of findings -- Appendix 1. Data sources -- Appendix 2. Gauging the market value...

German banks tend to be less profitable than their foreign counterparts. This paper estimates the likely effect of the phaseout of state guarantees for public sector banks, reviews the various ways in which public policy could contribute to their restructuring, and discusses the various...

This paper describes our construction of the Global Financial Development Database and uses the data to compare financial systems around the world. The database provides information on financial systems in 205 economies over the period from 1960 to 2010 and includes measures of (1) size of...