Cross-border banking in emerging markets and developing economies has expanded across most World Bank regions and has become large relative to some home and host economies. This paper analyzes recent trends of bank activities of financial groups headquartered in 46 emerging markets and...

The major function of corporate governance is to increase shareholder’s wealth. Observing the principle “comply or explain” by the financial companies has led to imbalance between shareholder’s wealth and the interests of society. Good practices in corporate governance of financial...

The article investigates the primary imbalances in our global economy, which have brought us to the brink of depression. Putting the emphasis on structural changes in our credit system following its deregulation in the 1980s, we can conclude that the confluence of financial innovation and...