The global financial crisis experience shone a spotlight on the dangers of financial systems that have grown too big too fast. This note reexamines financial de

The global financial crisis experience shone a spotlight on the dangers of financial systems that have grown too big too fast. This note reexamines financial de

This new annual publication from the World Bank Group provides an overview and assessment of financial sector development around the world, with particular atte

An “intriguing plan” addressing shadow banking, regulation, and the continuing quest for financial stability (Financial Times). Years have passed since the

Every banking crisis, whatever its particular circumstances, has two features in common with every previous one. Each has been preceded by a period of excessive