With the Great Crisis of 2008-2009 we have witnessed a relevant episode of macroeconomic vulnerability affecting many countries. To what extent such vulnerability has depended upon the design of light touch (LT) banking regulation? And to what extent other institutional factors, different from...

This paper investigates the relative impact of capitalization on risk-taking efficiency in Islamic and conventional banks. In particular, we test whether changes occurring to the capital structure of different types of banks unevenly affect their behavior in terms of risk-taking efficiency....

We empirically investigate whether central bank independence (CBI) and the monetary policy setting can jointly influence the likelihood that policymakers assign banking supervision to central banks. We find that, conditional on the government being a benevolent one, higher central bank...