On the basis of a panel data effects of different features of the DIS on banking crises are empirically tested. The econometric model is a multivariate logit model. The result suggest that the presence of an explicit DIS in a country has positive association with the likelihood of banking crises.

Transparency regulation aims at reducing financial fragility by strengthening market discipline. There are however two elementary properties of banking that may render such regulation detrimental. First, an extensive financial safety net may eliminate the disciplinary effect of transparency...

Bank regulation is a basic theme in this dissertation. More extensively, the dissertation focuses on bank panics, deposit insurance and on problems in bank-depositor relationships.

We find strong evidence in the OECD country panel to support the Knightian view that non-diversifiable economic risks shape the equilibrium entrepreneurship in an occupational choice model. Differential social insurance of entrepreneurial and labor risk is found to be statistically significant...