Goodhart, C.A.E. and D. Schoenmaker (1995), ‘‘Should the Functions of Monetary Policy and Banking Supervision be Separated?’’, Oxford Economic Papers, 47, 539 – 560.
Gordon, J. and P. Gupta (2003), ‘‘Understanding India’s Services Revolution’’, paper prepared for IMF-NCAER Conference, A Tale of Two Giants: India’s and China’s Experience with Reform, New Delhi, 14 – 16 November.
Gorton, G. (1988), ‘‘Banking Panics and Business Cycles’’, Oxford Economic Papers, 40, 751 – 781. Goryunov, Y. (2001), ‘‘The Russian Banking Sector in 2000’’, BIS Papers No. 4, 123 – 127. Gowland, D.H. (1991), ‘‘Financial Innovation in Theory and Practice’’, in C.J. Green and D.T.
Llewellyn (eds), Surveys in Monetary Economics, Vol. 2, Oxford: Basil Blackwell, pp. 79 – 115. Gowland, P. (1994), The Economics of Modern Banking, Aldershot: Edward Elgar.
Granville, B. and P. Oppenheimer (eds) (2001), Russia’s Post Communist Economy, Oxford: Oxford University Press.
Gray, S. and J. Place (1999), Financial Derivatives, Bank of England, Centre for Central Banking Studies, Handbooks in Central Banking, No. 17.
Greenbaum, S. (1967), ‘‘Competition and Efficiency in the Banking System – Empirical Research and its Policy Implications’’, Journal of Political Economy, 75, 461 – 481.
Greenspan, A. (1994), ‘‘Optimal Bank Supervision in a Changing World’’, in Federal Reserve Bank of Chicago, Conference Proceedings on The Declining Role of Banking, 30th Annual Conference on Bank Structure and Competition, May, pp. 1 – 8.
Griffiths, B. (1970), ‘‘Competition in Banking’’, Hobart Paper No. 5, London: Institute of Economic Affairs.
Grigorian, D. and V. Manole (2002), ‘‘Determinants of Commercial Banks in Transitions: An Application of Data Envelope Analysis’’, World Bank Policy Research Working Paper No. 2850, June.
Gros, D. and A. Steinherr (2004), Economic Transition in Central and Eastern Europe, Cambridge: Cambridge University Press.
Group of 10 (2001), Report on Consolidation in the Financial Sector, Basel: Bank for International Settlements. Available from www.bis.org/publ/
Group of 30 (1993), Derivatives: Practices and Principles – Special Report by the Global Derivatives Study Group, Washington: Group of 30.
Group of 30 (1994), Derivatives: Practices and Principles: Follow Up Surveys of Industry Practice, Washington: Group of 30.
Gual, J. and D. Neven (1992), ‘‘Deregulation of the European Banking Industry (1980 – 1991)’’, Centre for Economic Policy Research, Discussion Paper No. 703.
Gup, B.E. and J.R. Walter (1991), ‘‘Profitable Large Banks: the Key to Their Success’’, in D. Chew (ed.), New Developments in Commercial Banking, Oxford: Basil Blackwell, pp. 37 – 42.
Gurley, J.G. and E.S. Shaw (1956), ‘‘Financial Intermediaries and the Savings – Investment Process’’,
Journal of Finance, 11, 257 – 276.
Guttentag, J. and R. Herring (1983), ‘‘The Lender of Last Resort Function in an International Context’’, Essays in International Finance No. 151, International Finance Section, Department of Economics, Princeton University.
Guttentag, J. and R. Herring (1986), ‘‘Disaster Myopia in International Banking’’, Essays in International Finance No. 164, International Finance Section, Department of Economics, Princeton University.
Hadlock, C., J. Houston and M. Ryngaert (1999), ‘‘The Role of Managerial Incentives in Bank Acquisitions’’, Journal of Banking and Finance, 23, 221 – 241.
Haldane, A., G. Irwin and V. Saporta (2004), ‘‘Bail Out or Work Out? Theoretical Considerations’’, The Economic Journal, 114(March), C130 – C148.
[ 669 ]
R E F E R E N C E S / B I B L I O G R A P H Y
Hall, M.J.B. (1985), ‘‘UK Banking Supervision and the Johnson Matthey Affair’’, Loughborough University Banking Centre, Research Paper Series No. 8, May.
Hall, M.J.B. (1993), Banking Regulation and Supervision, Aldershot: Edward Elgar.
Hannan, T.H. (1979), ‘‘The Theory of Limit Pricing: Some Applications to the Banking Industry’’,
Journal of Banking and Finance, 3, 221 – 234.
Hannan, T.H. (1991a), ‘‘Foundations of the Structure– Conduct – Performance Paradigm in Banking’’,
Journal of Money, Credit and Banking, 23(1), 68 – 84.
Hannan, T.H. (1991b), ‘‘The Bank Commercial Loan Markets and the Role of Market Structure: Evidence from Surveys of Commercial Lending’’, Journal of Banking and Finance, 15, 133 – 149.
Hao, J., W.C. Hunter and W.K. Yang (2001), ‘‘Deregulation and Efficiency: the Case of Private Korean Banks’’, Journal of Economics and Business, 53, 237 – 254.
Hardwick, P. (1989), ‘‘Economies of Scale in Building Societies’’, Applied Economics, 21, 1291 – 1304. Hardwick, P. (1990), ‘‘Multi-Product Cost Attributes: A Study of UK Building Societies’’, Oxford
Economic Papers, 42, 446 – 461.
Hardy, D. and E. Patti (2001), ‘‘Bank Reform and Bank Efficiency in Pakistan’’, IMF Working Paper WP/01/138.
Hassan, T. (2002), ‘‘Islamic Banking in Pakistan’’, The Financial Regulator, 7(2), 70 – 74. Hausman, J. (1978), ‘‘Specification Tests in Econometrics’’, Econometrica, 46(6), 1251 – 1271.
Hawke, J. (2001), ‘‘Internet Banking: Challenges for Banks and Regulators’’, Financial Regulator, 6(1), 16 – 19.
Haynes, M. and S. Thompson (1997), ‘‘The Productivity Effects of Bank Mergers: Evidence from UK Building Societies’’, Mimeo.
Heffernan, S.A. (1986a), ‘‘Determinants of Optimal Foreign Leverage Ratios in Developing Countries’’, Journal of Banking and Finance, 3(Suppl.), 97 – 115.
Heffernan, S.A. (1986b), Sovereign Risk Analysis, London: Unwin Hyman.
Heffernan, S.A. (1992), ‘‘A Competition of Interest Equivalences for Non-Price Features of Bank Products’’, Journal of Money, Credit and Banking, 24(May), 162 – 172.
Heffernan, S.A. (1993), ‘‘Competition in British Retail Banking’’, Journal of Financial Services Research, 7(3), 309 – 332.
Heffernan, S.A. (1994), ‘‘Competition in the Canadian Personal Finance Sector’’, International Journal of the Economics of Business, 1(3), 323 – 342.
Heffernan, S.A. (1996), Modern Banking in Theory and Practice, London: John Wiley & Sons. Heffernan, S.A. (2001), ‘‘Japan: A Case for Financial Reform and Monetary Stimulus’’, Annual Survey
of Supervisory Developments, London: Central Banking Publications.
Heffernan, S.A. (2002), ‘‘How do UK Financial Institutions Really Price their Banking Products?’’,
Journal of Banking and Finance, 26, 1997 – 2006.
Heffernan, S.A. (2003), ‘‘The Causes of Bank Failures’’, in Mullineux and Murinde, op. cit. Heggestad, A.A. (1979), ‘‘A Survey of Studies on Banking Competition and Performance; Market
Structure, Competition, and Performance’’, in F.R. Edwards (ed.), Issues in Financial Regulation, Maidenhead: McGraw Hill, pp. 449 – 490.
Heggestad, A.A. and J.J. Mingo (1976), ‘‘Prices, Nonprices, and Concentration in Commercial Banking’’, Journal of Money, Credit and Banking, 8, 107 – 117.
Heggestad, A.A. and J.J. Mingo (1977), ‘‘The Competitive Condition of U.S. Banking Markets and the Impact of Structural Reform’’, Journal of Finance, 32(3), 649 – 661.
Heinemann, F. and M. Jopp (2002), The Benefits of a Working European Retail Market for EU Financial Services, Berlin: Institut fur Europaische Politik. Can be downloaded from www.zew.de/ erfstudyresults/
[ 670 ]
R E F E R E N C E S / B I B L I O G R A P H Y
Hermes, N. and R. Lensick (eds) (2000), Financial System Development in Transition Economies, Special Issue, Journal of Banking and Finance, 24(4), 507 – 524.
Herring, R. (1984), ‘‘Continental Illinois’’, Case Series in Finance and Economics, C41, New York University Salomon Center, Leonard N. Stern School of Business.
Hertig, G. and R. Lee (2003), ‘‘Four Predictions about the Future of EU Securities Regulation’’,
Journal of Corporate Law Studies, 3(2), 150 – 165.
Hey, J.D. (1989), ‘‘Introduction: Recent Developments in Microeconomics’’, in Recent Issues in Microeconomics, London: Macmillan.
Hill, G. (1975), Why 67 Insured Banks Failed, 1960–74, Washington: Federal Deposit Insurance Corporation.
Hirtle, B. (1991), ‘‘The Factors Affecting the Competitiveness of Internationally Active Financial Insitutions’’, Federal Reserve Bank of New York Quarterly Review, Spring, 38 – 51.
Hoggarth, G. and F. Soussa (2001), ‘‘Crisis Management, Lender of Last Resort, and the Changing Nature of the Banking Industry’’, in R. Brealey, A. Clark, C. Goodhart, J. Healey, D. Llewellyn, C. Shu, P. Sinclair and F. Soussa (eds), Financial Stability and Central Banks, London: Routledge.
Hoggarth, G., J. Reidhill and P. Sinclair (2003), ‘‘Resolution of Banking Crises: A Review’’, Bank of England Financial Stability Review, 15(December), 109 – 123.
Honohan, P. and D. Klingebiel (2003), ‘‘The Fiscal Cost Implications of an Accommodating Approach to Banking Crises’’, Journal of Banking and Finance, 27, 1539 – 1560.
Hoshi, T. and A. Kashyap (1999), ‘‘The Japanese Financial Crisis: Where Did It Come From and How Will It End?’’, National Bureau of Economic Research, Working Paper 7250, July. Available from http://www.nber.org/papers/w7250
Hoti, S. and M. McAleer (2003), ‘‘An Empirical Assessment of Country Risk Ratings and Associated’’, Mimeo, Department of Economics, University of Western Australia, June.
Houston, J. and M. Ryngaert (1994), ‘‘The Overall Gains from Large Bank Mergers’’, Journal of Banking and Finance, 18, 1155 – 1176.
Hovaguimian, C. (2003), ‘‘The Catalytic Effect of IMF Lending: A Critical Review’’, Financial Stability Review, Bank of England, December, pp. 160 – 169.
Howells, P. and K. Bain (1998), The Economics of Money, Banking and Finance, A European Text, Harlow, UK: Pearson Education.
Howells, P. and K. Bain (2000), Financial Markets and Institutions, 3d edn, Harlow, UK: Financial Times/Prentice Hall, Pearson Education.
He, Q. and H.P. Gray (2001), ‘‘Multinational Banking and Economic Development: A Case Study’’,
Journal of Asian Economics, 12, 233 – 243.
Humphrey, D.B. (1987), ‘‘Cost Dispersion and the Measurement of Economies in Banking’’, Federal Reserve Bank of Richmond Economic Review, May/June.
Humphrey, D. (1992), ‘‘Flow Versus Stock Indicators in Bank Output: Effects on Productivity and Scale Economy Measurement’’, Journal of Financial Services Research, 6, 115 – 135.
Hunter, W.C. and S.G. Timme (1986), ‘‘Technical Change, Organisational Form, and the Structure of Bank Production’’, Journal of Money, Credit and Banking, 18, 2 – 66.
Hunter, W.C., S.G. Timme and W.K. Yang (1990), ‘‘An Examination of Cost Subadditivity and Multiproduct Production in Large US Commercial Banks’’, Journal of Money, Credit and Banking, 22, 504 – 525.
Hwang, D.-Y., C.F. Lee and K.T. Liaw (1997), ‘‘Forecasting Bank Failures and Deposit Insurance Premium’’, International Review of Economics and Finance, 6(3), 317 – 334.
International Financing Review (2000), Review of the Year, London: Thomson Financial. International Monetary Fund (2002), ‘‘IMF-Supported Programs in Capital Account Crises’’, Occa-
sional Paper No. 210.
[ 671 ]
R E F E R E N C E S / B I B L I O G R A P H Y
International Monetary Fund (2003), ‘‘IMF Reviews the Experience with the Financial Sector Assessment Programme and Reaches Conclusions on Issues Going Forward’’, available from www. imf.org
Iqbal, Z. and A. Mirakhor (2002), ‘‘Development of Islamic Financial Institutions and Challenges Ahead’’, in S. Archer and R. Karim (eds), Islamic, Growth and Innovation, London: Euromoney.
Ischenko, D. and S. Samuels (2001), ‘‘Time to Catch Up – Basel II – Modern Capital for Modern Banks’’, Industry Report, London: SchroderSalmonSmithBarney.
Ischenko, D. and S. Samuels (2002), ‘‘Basel II – Winners and Losers’’, Financial Regulator, 6(4), 6 – 7. Isik, L. and M.K. Hassan (2002), ‘‘Technical Scale and Allocative Efficiencies of Turkish Banking
Industry’’, Journal of Banking and Finance, 26, 719 – 766.
Ito, T., K. Takuma and H. Uchibori (1998), ‘‘The Impact of the Big Bang on the Japanese Financial System’’, Fuji Research Paper No. 9, Tokyo: Fuji Institute Research Corporation.
Jackson, W.E. (1992), ‘‘The Price– Concentration Relationship in Banking: A Comment’’, Review of Economics and Statistics, 74, 291 – 299; also ‘‘Reply’’ by Berger and Hannan, 373 – 376.
Jagtiani, J., A. Saunders and G. Udell (1993), ‘‘Bank Off-Balance Sheet Financial Innovations’’, New York University Salomon Center (Stern School of Business), Working Paper S-93-50.
James, C. (1991), ‘‘The Losses Realised in Bank Failures’’, Journal of Finance, Sept, 1223 – 1242. Jayaratne, J. and P.E. Strahan (1997), ‘‘The Benefits of Branching Deregulation’’, Economic Policy
Review – Federal Reserve Bank of New York, 3(4), 13 – 39.
Jayaratne, J. and P.E. Strahan (2002), ‘‘The Finance– Growth Nexus: Evidence from Bank Branch Deregulation’’, Quarterly Journal of Economics, 111, 639 – 670.
Jiang, C. (ed.) (2001), The Banking Industry in China, 2001, Beijing: China Financial Publishing House.
John, K., T.A. John and L.W. Senbet (1991), ‘‘Risk Shifting Incentives of Depository Institutions: A New Perspective on Federal Deposit Insurance Reform’’, Journal of Banking and Finance, 15(4/5), 895 – 916.
Jorion, P. (1997), Value at Risk, New York: Irwin.
Jorion, P. and N. Taleb (1997), ‘‘The Jorion– Taleb Debate’’, Derivatives Strategy, available from www.derivativesstrategy.com
JP Morgan (1994), Riskmetrics – Technical Document, 2nd edn, November, New York: JP Morgan. Kahn, C., G. Pennachi and B. Sopranzetti (2000), ‘‘Bank Consolidation and Consumer Loan Interest
Rates’’, Wharton Financial Institutions Center WP 01 – 14.
Kane, E.J. (1984), ‘‘Technology and Regulatory Forces in the Developing Fusion of Financial Services Competition’’, Journal of Finance, 39(3), 759 – 772.
Kane, E.J. (1985), The Gathering Crisis in Federal Deposit Insurance, Cambridge, MA: MIT Press. Kane, E.J. and M.T. Yu (1994), ‘‘How Much Did Capital Forbearance Add to the Tab for the FSLIC
Mess?’’, in Federal Reserve Bank of Chicago, Conference Proceedings on The Declining Role of Banking, 30th Annual Conference on Bank Structure and Competition, May.
Kaufman, G. (1984), ‘‘Measuring and Managing Interest Rate Risk, A Primer’’, Federal Reserve Bank of Chicago, Economic Perspectives, pp. 16 – 19.
Kaufman, G. (1985), ‘‘Implications of Large Bank Problems and Insolvencies for the Banking System and Economic Policy, Federal Reserve Bank of Chicago, Staff Memoranda, 85-3.
Kaufman, G. (1988), ‘‘Securities Activities of Commercial Banks: Recent Changes in the Economic and Legal Environments’’, Midland Corporate Finance Journal, 5(4), 14 – 21.
Kaufman, G. (ed.) (1992), Banking Structures in Major Countries, The Netherlands: Kluwer Academic Publishers.
[ 672 ]
R E F E R E N C E S / B I B L I O G R A P H Y
Kaufman, G. (1994), ‘‘Bank Contagion: A Review of the Theory and Evidence’’, Journal of Financial Services Research, 123 – 150.
Kaufman, G. (2002), ‘‘Too Big to Fail in US Banking: Quo Vadis?’’, Quarterly Review of Economics and Finance, Summer, 423 – 436.
Kay, J. (1991), ‘‘Economics and Business’’, The Economic Journal, 101(Jan), 57 – 73. Kay, J. (1993a), Foundations of Corporate Success, New York: Oxford University Press. Kay, J. (1993b), ‘‘The Structure of Strategy’’, Business Strategy Review, 4(2), 17 – 37.
Kay, J. and J. Vickers (1988), ‘‘Regulatory Reform in Britain’’, Economic Policy, 7(Oct), 286 – 351. Keeley, M.C. (1990), ‘‘Deposit Insurance, Risk, and Market Power in Banking’’, American Economic
Review, 80(5), 1183 – 1200.
Kendall, S.B. and M.E. Levonian (1991), ‘‘A Simple Approach to Better Deposit Insurance Pricing’’,
Journal of Banking and Finance, 15(4/5), 999 – 1018. Keynes, J.M. (1930), Treatise on Money, London: Macmillan.
Khan, M.S. (1987), ‘‘Islamic Interest-Free
Banking: A Theoretical Analysis’’, in
S. Khan and
A. Mirakhor (eds), Theoretical Studies in
Islamic Banking and Finance, Houston:
The Institute
for Research and Islamic Studies, pp. 15 – 35.
Khan, M.S. and A. Mirakhor (1987), ‘‘The Framework and Practice of Islamic Banking’’, in S. Khan and A. Mirakhor (eds), Theoretical Studies in Islamic Banking and Finance, Houston: The Institute for Research and Islamic Studies, pp. 1 – 14.
Kim, H.Y. (1987), ‘‘Economies of Scale in Multi Product Firms: an Empirical Analysis’’, Economica, 54, 185 – 206.
Kim, M. (1986), ‘‘Banking Technology and the Existence of a Consistent Output Aggregate’’, Journal of Economics, 18, 181 – 195.
Kindleberger, C.P. (1978), ‘‘The Debt Situation of Developing Countries in Historical Perspective’’, in S.H. Goodman (ed.), Financing and Risk in Developing Countries, London: Praeger.
Kindleberger, C.P. (1978, 2000), Manias, Panics and Crises, New York: John Wiley & Sons [the fourth edition, referred to in this book, was published in 2000].
Kindleberger, C.P. (1984), A Financial History of Western Europe, London: George Allen and Unwin Publishers Ltd.
Kindleberger, C.P. (1993), A Financial History of Western Europe, 2nd edn, Oxford: Oxford University Press.
Kindleberger, C.P. and J.P. Laffargue (eds) (1982), Finanical Crisis: Theory History and Policy, New York: Cambridge University Press.
King, K.K. and J.M. O’Brien (1991), ‘‘Market Based Risk Adjusted Examination Schedules for Depository Institutions’’, Journal of Banking and Finance, 15(4/5), 955 – 974.
King, M. (1999), ‘‘Challenges for Monetary Policy: New and Old’’, in New Challenges for Monetary Policy, Symposium Proceedings, Kansas City: Federal Reserve Bank, pp. 11 – 57.
Kiyotaki, N. and J. Moore (1997), ‘‘Credit Cycles’’, Journal of Political Economy, 105(2), 211 – 249. Klein, B. (1974), ‘‘Competitive Interest Payments on Bank Deposits and the Long Run Demand For
Money’’, American Economic Review, 64(6), 931 – 949.
Klein, M.A. (1971), ‘‘A Theory of the Banking Firm’’, Journal of Money, Credit and Banking, 3, 205 – 218.
Klein, M.A. and N.B. Murphy (1971), ‘‘The Pricing of Bank Deposits: A Theoretical and Empirical Analysis’’, Journal of Financial and Quantitative Analysis, 6, 747 – 761.
Koskenkyla,¨ H. (1994), ‘‘The Nordic Banking Crisis’’, Bank of Finland Quarterly Bulletin, 8/94. Koskenkyla,¨ H. (2000), ‘‘The Nordic Countries’ Banking Crises and Lessons Learned’’, Bank of
Finland Working Paper 6/00.
Krueger, A. (2002), A New Approach to Sovereign Debt Rescheduling, Washington: IMF.
[ 673 ]
R E F E R E N C E S / B I B L I O G R A P H Y
Krugman, P. (1994), ‘‘The Myth of Asia’s Miracle’’, Foreign Affairs, 73(6), 62 – 78.
Krugman, P. (1999), ‘‘Balance Sheets, the Transfer Problem and Financial Crises’’, Mimeo, MIT. Kupiec, P. (1995), ‘‘Techniques for Verifying the Accuracy of Risk Management Measurement
Models’’, Journal of Derivatives, 3, 73 – 84.
Kupiec, P. and J. O’Brien (1997), ‘‘The Pre-Commitment Approach: Using Incentives to set Market Risk Capital Requirements’’, Washington: Board of Governors of the Federal Reserve System, 1997-14.
Kwast, M. and S. Passmore (1998), ‘‘The Subsidy Provided by the Federal Safety Net: Theory, Measurement, and Containment’’, in Conference Proceedings on Bank Structure and Competition, Chicago: Federal Reserve Bank of Chicago.
Lamfalussy, A. (2000), Financial Crises in Emerging Markets, London: Yale University Press.
Lannoo, K. (2002), ‘‘The Structure of Financial Market Supervision in the EU and the Required Adaptions in View of Market Integration’’, Background Paper for F. Heinemann and M. Jopp, The Benefits of a Working European Retail Market for EU Financial Services, Berlin: Institut fur Europaische Politik. Can be downloaded from www.zew.de/erfstudyresults/
La Porta, R., F. Lopez-de-Silanes, A. Shleifer and R.W. Vishny (1997), ‘‘Legal Determinants of External Finance’’, Journal of Finance, 52, 1131 – 1150.
Lascelles, D. (2001), ‘‘Waking up to the FSA: How the City Views its New Regulator’’, London: Centre for the Study of Financial Innovation, May.
Lawrence, C. (1989), ‘‘Banking Costs, Generalised Functional Forms, and Estimation of Economies of Scale and Scope’’, Journal of Money, Credit and Banking, 21, 368 – 379.
Leach, J.A., W.J. McDonough, D.W. Mullins and B. Quinn (1993), Global Derivatives: Public Sector Responses, Washington: Group of Thirty, Occasional Paper 44.
Leland, H. and D. Pyle (1977), ‘‘Information Asymmetries, Financial Structures and Financial Intermediaries’’, Journal of Finance, 32, 511 – 513.
Lewis, M.K. (1991), ‘‘Theory and Practice of the Banking Firm’’, in C. Green and D. Llewellyn (eds), Surveys in Monetary Economics, Vol. 2, Oxford: Basil Blackwell, pp. 116 – 159.
Lindgren, C.-J., T.J.T. Balino, C. Enoch, A.-M. Gulde, M. Quintyn and L. Teo (1999), Financial Sector Crisis: Lessons from Asia, Washington: International Monetary Fund.
Llewellyn, D.T. (1985), ‘‘The Evolution of the British Financial System’’, Gilbart Lectures on Banking, London: The Institute of Bankers.
Llewellyn, D.T. (1991), ‘‘Structural Change in the British Financial System’’, in C. Green and D. Llewellyn (eds), Surveys in Monetary Economics, Vol. 2, Oxford: Basil Blackwell, pp. 210 – 259.
Llewellyn, D.T. (1992), ‘‘Competition, Diversification, and Structural Change in the British Financial System’’, in G.G. Kaufman (ed.), Banking Structures in Major Countries, Dordrecht: Kluwer Academic Publishers, pp. 429 – 468.
Lloyd-Williams, D.M., P. Molyneux and J. Thornton (1991), ‘‘Competition and Contestability in the Japanese Commercial Banking Market’’, Institute of European Finance, Research Papers in Banking and Finance No. 16, Bangor: University of Wales.
Logan, A. (2000), ‘‘The Early 1990s Small Banks Crisis; Leading Indicators’’, Financial Stability Review, December, London: The Bank of England, pp. 130 – 145.
Madalla, G. (1988), Introduction to Econometrics, New York: Macmillan.
Manasse, P., N. Roubini and P. Schimmelpfennig (2003), ‘‘Predicting Sovereign Debt Crises’’, IMF Working Paper WP/03/221.
Marshall, A. (1860/1961), Principles of Economics, New York: Macmillan.
Martin, D. (1977), ‘‘Early Warning of Bank Failure: A Logit Regression Approach’’, Journal of Banking and Finance, 15, 53 – 71.
[ 674 ]
R E F E R E N C E S / B I B L I O G R A P H Y
Mathur, S. and A. Kenyon (1997), Creating Value: Shaping Tomorrow’s Business, Oxford: Butterworth Heinemann.
Matten, C. (2000), Managing Bank Capital, Chichester, UK: John Wiley & Sons.
McFadden, D. (1974), ‘‘The Measurement of Urban Travel Demand’’, Journal of Public Economics, 3, 303 – 328.
McIntosh, J. (2002), ‘‘A Welfare Analysis of Canadian Chartered Bank Mergers’’, Canadian Journal of Economics, 35(3), 457 – 475.
McKinnon, R. (1973), Money and Capital in Economic Development, Washington: Brookings Institution.
McKinnon, R. and H. Pill (1996), ‘‘Credible Liberalizations and International Capital Flows: The ‘Overborrowing’ Syndrome’’, in I. Takatoshi and A. Krueger (eds), Financial Deregulation and Integration in East Asia, Chicago: Chicago University Press.
Mendes, V. and J. Rebelo (2003), ‘‘Structure and Performance in the Portuguese Banking Industry in the Nineties’’, Portuguese Economic Journal, 2, 53 – 68.
Mertens, A. and G. Urga (2001), ‘‘Efficiency, Scale and Scope Economies in the Ukrainian Banking Sector in 1998’’, Emerging Markets Review, 2, 292 – 308.
Merton, R.C. (1990), ‘‘The Financial System and Economic Performance’’, Journal of Financial Services Research, 4(4), 263 – 300.
Mester, L. (1987), ‘‘Efficient Production of Financial Services: Scale and Scope Economies’’, Federal Reserve Bank of Philadelphia Business Review, 15–25(Jan/Feb), 83 – 86.
Meyer, P.A. and H.W. Pifer (1970), ‘‘Prediction of Bank Failures’’, The Journal of Finance, Sept, 853 – 868.
Milbourn, T., T. Boot and A. Thakor (1999), ‘‘Megamergers and Expanded Scope: Theories of Bank Size and Activity Diversity’’, Journal of Banking and Finance, 23, 195 – 214.
Miller, E.A. (2001), ‘‘Yes! There are Limits to Arbitrage: Lessons from the Collapse of Long Term Capital Management’’, The Journal of Social, Political and Economic Studies, 26(1), 321 – 328.
Milne, A. (2003), ‘‘Basel Lite’’: Recommendations for the European Implementation of the New Basel Accord, London: Centre for the Study of Financial Innovation.
Minsky, H.P. (1977), ‘‘Theory of Systemic Fragility’’, in E.I. Altman and A.W. Sametz (eds), Financial Crises: Institutions and Markets in a Fragile Environment, New York: John Wiley & Sons, pp. 138 – 152.
Minsky, H.P. (1982), ‘‘The Financial Instability Hypothesis: A Capitalist Process and the Behaviour of the World Economy’’, in C.P. Kindleberger and J.P. Laffargue (eds), Financial Crisis: Theory, History and Policy, New York: Cambridge University Press, pp. 13 – 41.
Minsky, H.P. (1986), Stabilizing and Unstable Economy, London/New Haven, CT: Yale University Press.
Mohan, R. (2004), ‘‘Globalisation: The Role of Institution Building in the Financial Sector: The Indian Case’’, Reserve Bank of India, Feb, 117 – 150.
Molyneux, P. (2003), ‘‘Technical Change, Costs, and Profits, in European Banking’’, Working Paper 03 – 21 for European Integration, Financial Institutions and Performance, Maastricht: United Nations University, Institute for New Technologies. Available from http://ideas.repec.org/p/dgr/ unutaf/eifc03-21.html
Molyneux, P. and W. Forbes (1995), ‘‘Market, Structure, and Performance in European Banking’’,
Applied Economics, 27, 155 – 159.
Molyneux, P., P. Lloyd-Williams and J. Thornton (1994), ‘‘European Banking: An Analysis of Competitive Conditions’’, in J. Revell (ed.), The Changing Face of European Banks and Securities Markets, New York: St Martins Press.
Molyneux, P., Y. Altunbas and E. Gardener (1996), Efficiency in European Banking, Chichester, UK: John Wiley & Sons.
[ 675 ]
R E F E R E N C E S / B I B L I O G R A P H Y
Monti, M. (1972), ‘‘Deposit, Credit, and Interest Rate Determination under Alternative Bank Objective Functions’’, in G.P. Szego and K. Snell (eds), Mathematical Methods in Investment and Finance, Amsterdam: North Holland, pp. 430 – 454.
Moody’s Investors Service (2001), ‘‘Culture or Accounting: What are the Real Constraints for Islamic Finance in a Riba-Based Global Economy?’’, Special Comment, January.
Moran, T. (2003), International Political Risk Management The Brave New World, Vol. 2, Washington: World Bank.
Morishima, M. (1993), ‘‘Banking and Industry in Japan’’, London School of Economics Financial Markets Group, Special Paper No. 51, January.
Mullineux, A. and V. Murinde (eds) (2003), Handbook of International Banking, Cheltenham: Edward Elgar.
Nathan, A. and E.H. Neave (1989), ‘‘Competition and Contestability on Canada’s Financial System’’,
Canadian Journal of Economics, 22(3), 576 – 594.
Nathan, A. and E.H. Neave (1991), ‘‘Reply to Perrakis’’, Canadian Journal of Economics, 24, 733 – 735. Nathan, L. (1999), ‘‘Community Banks are Going on-Line’’, Communities and Banking – Federal
Reserve Bank of Boston, 27(Fall), 2 – 28.
Nelder, M. (2003), ‘‘Competition Necessarily Tends to Produce Excess: The Experience of Free Banking in Switzerland’’, German Economic Review, 4(3), 389 – 408.
Nellis, J. (1999), Time to Re-think Privatization in Transition Economies?, International Finance Corporation, Washington: World Bank.
Nickell, P., S. Perraudin and S. Varotto (2000), ‘‘Stability of Ratings Transition’’, Journal of Banking and Finance, 24, 203 – 247.
Niehans, J. (1978), The Theory of Money, Baltimore: The Johns Hopkins University Press.
Nigh, D., K.R. Cho and S. Krishnan (1986), ‘‘The Role of Location Related Factors in US Banking Involvement Abroad: An Empirical Examination’’, Journal of International Business Studies, 17(3), 59 – 72.
Nippani, S. and K.W. Green (2002), ‘‘The Banking Industry after the Riegle– Neal Act: Restructure and Overall Performance’’, The Quarterly Review of Economics and Finance, 42, 901 – 909.
Obay, L. (2000), Financial Innovation in the Banking Industry: The Case of Asset Securitization, London: Garland Publishing.
Obstfeld, M. (1986), ‘‘Rational and Self-fulfilling Balance of Payments Crises’’, American Economic Review, 76, 72 – 81.
Obstfeld, M. (1996), ‘‘Models of Currency Crises with Self Fulfilling Features’’, European Economic Review, 40, 1037 – 1048.
OECD (1991), Bank Profitability and Statistical Supplement, Paris: OECD.
OECD (1992), Economies of Scale and Scope in the Financial Services Industry: A Review of the Recent Literature, Paris: OECD.
Ofek, E. and Richardson, M. (2003), ‘‘DotCom Mania: The Rise and Fall of Internet Stock Prices’’ (with Eli Ofek), Journal of Finance, 58, 1113 – 1138.
O’Hara, M. and W. Shaw (1990), ‘‘Deposit Insurance and Wealth Effects: The Value of Being Too Big to Fail’’, Journal of Finance, 45(5), 1587 – 1600.
O’Keefe, J. (1990), ‘‘The Texas Banking Crisis: Causes and Consequences, 1980 – 1989’’, FDIC Banking Review 3(3), 2 – 3.
Pandit, N., G. Cook and G.M. Swann (2001), ‘‘The Dynamics of Industrial Clustering in British Financial Services’’, The Services Industries Journal, 21, 31 – 61.
Pantalone, C. and M. Platt (1987), ‘‘Predicting Commercial Bank Failure Since Deregulation’’, New England Economic Review, Jul/Aug, 37 – 47.
[ 676 ]
R E F E R E N C E S / B I B L I O G R A P H Y
Panzer, J. and J. Ross (1987), ‘‘Testing for Monopoly Equilibrium’’, Journal of Industrial Economics, 35, 443 – 456.
Peek, J. and E. Rosengreen (1997), ‘‘The International Transmission Mechanism of Financial Shocks: The Case of Japan’’, American Economic Review, 87(4), 495 – 505.
Peek, J. and E. Rosengreen (2003), ‘‘Unnatural Selection: Perverse Incentives and the Misallocation of Credit in Japan’’, National Bureau of Economic Research Working Paper 9643, April. Available from www.nber.org/papers.w9643
Perrakis, S. (1991), ‘‘Assessing Competition in Canada’s Financial System: A Note’’, Canadian Journal of Economics, 24(3), 727 – 732.
Pesek, B. (1970), ‘‘Bank’s Supply Function and the Equilibrium Quantity of Money’’, Canadian Journal of Economics, 3, 357 – 385.
Pesek, B. and T. Saving (1969), Money, Wealth, and Economic Theory, New York: Macmillan. Pesola, J. (2001), ‘‘The Role of Macroeconomic Shocks in Banking Crises’’, Bank of Finland Discussion
Papers, No. 6/2001.
Pilloff, J. (1996), ‘‘Performance Changes and Shareholder Wealth Creation Associated with Mergers of Publicly Traded Banking Institutions’’, Journal of Money, Credit and Banking, 28(3), 294 – 310.
Platt, N. (2002), ‘‘PayPal Threat should Spur Bankers to Find P to P Payment Partners’’, American Banker, 167(75), 7 – 8.
Porter, M. (1990), The Competitive Advantage of Nations, London: Macmillan.
Porter, M.E. (1998), ‘‘Clusters and the New Economics of Competition’’, Harvard Business Review,
Nov/Dec, 77 – 90.
Posen, A.S. (2002), ‘‘Unchanging Innovation and Changing Economic Performance in Japan’’, in R. Nelson, B. Steil and D. Victor (eds), Technological Innovation and Economic Performance, Princeton: Princeton University Press.
Prager, R. and T. Hannan (1998), ‘‘Do Substantial Horizontal Mergers Generate Significant Price Effects? Evidence from the Banking Industry’’, Journal of Industrial Economics, 46(4), 433 – 453.
Price Waterhouse (1988), ‘‘The Cost of Non Europe in Financial Services’’, in Research of the Cost of Non Europe, 19, Brussels: Commission of the European Communities.
Pyun, C.S., L. Scruggs and Nam, K. (2002), ‘‘Internet Banking in the US, Japan, and Europe’’,
Multinational Business Review, 10(2), 73 – 81.
Radelet, S. and J. Sachs (1998a), ‘‘The Onset of the East Asian Financial Crisis’’, Consulting Assistance on Economic Reform II, Harvard Discussion Paper No. 27, April, pp. 1 – 58.
Radelet, S. and J. Sachs (1998b), ‘‘The East Asian Financial Crisis: Diagnosis, Remedies, Prospects’’, Consulting Assistance on Economic Reform II, Harvard Discussion Paper No. 29, July, pp. 1 – 75.
Radelet, S. and W.T. Woo (2000), ‘‘Indonesia: A Troubled Beginning’’, in W.T. Woo, J.D. Sachs and K. Schwab (eds) The Asian Financial Crisis, London: MIT Press, pp. 165 – 183.
Rangan, N., R. Grabowski, H. Aly and C. Pasurka (1988), ‘‘The Technical Efficiency of US Banks’’,
Economic Letters, 28, 169 – 175.
Rangan, N., R. Grabowski, C. Pasurka and H. Aly (1990), ‘‘Technical Scale and Allocative Efficiencies in US Banking: an Empirical Investigation’’, Review of Economics and Statistics, 52, 211 – 218.
Rees, R. (1985), ‘‘The Theory of Principle and Agent Parts 1 and 2’’, Bulletin of Economic Research, 1/2, 3 – 95.
Reid, M. (1982), Secondary Banking Crisis in the UK, London: Macmillan.
Resti, A. (1998), ‘‘Regulation can Foster Mergers, Can Regulation Foster Efficiency? The Italian Case’’, Journal of Economics and Business, 50, 157 – 169.
Revell, J. (1980), Costs and Margins in Banking: An International Survey, Paris: OECD.
[ 677 ]
R E F E R E N C E S / B I B L I O G R A P H Y
Revell, J. (ed.) (1994), The Changing Face of European Banks and Securities Markets, Basingstoke: Macmillan.
Rhoades, S. (1993), ‘‘Efficiency Effects of Horizontal (In Market) Bank Mergers’’, Journal of Banking and Finance, 17, 411 – 422.
Rhoades, S. (1994), ‘‘A Summary of Merger Performance in Banking, 1980 – 93 and an Assessment of the ‘Operating Performance’ and ‘Event Study’ Methodologies’’, Federal Reserve Bulletin, July.
Riskmetrics (1994), Technical Document, New York: JP Morgan. Available at http://riskmetrics.com/ Rivoli, P. and T. Brewer (1997), ‘‘Political Instability and Country Risk’’, Global Finance Journal,
8(2), 309 – 321.
Rosen, R.D. and R. Murray (1997), ‘‘Opening Doors: Access to the Global Market and Financial Sectors’’, in M.E. Graham and A. Vourvoulas-Bush (eds), The City and the World: New York’s Global Future, New York: Council on Foreign Relations.
Rosse, P.S. and J.C. Panzer (1977), ‘‘Chamberlain vs Robinson: An Empirical Test for Monopoly Rents’’, Bell Laboratories, EDP No. 90.
Rybczynski, T. (1997), ‘‘A New Look at the Evolution of the Financial System’’, in J. Revell (ed.),
The Recent Evolution of Financial Systems, London: Macmillan.
Sachs, J.D. (1986), ‘‘Managing the LDC Debt Crisis’’, Brookings Papers on Economic Activity, 2, 397 – 440.
Sachs, J. and W.T. Woo (1994), ‘‘Structural Factors in the Economic Reforms of China, Eastern Europe and the Former Soviet Union’’, Economic Policy, 18(Apr), 101 – 146.
Sachs, J., A. Tornell and A. Velasco (1996), ‘‘Financial Crisis in Emerging Markets, Lessons from 1995’’, Brookings Papers, 27(1), 147 – 199. Also appears as National Bureau of Economic Research, Working Paper No. 5576, May.
Salop, S. and J. Stiglitz (1977), ‘‘Bargains and Ripoffs: A Model of Monopolistically Competitive Price Dispersion’’, Review of Economic Studies, 4, 493 – 510.
Sandal, K. (2004), ‘‘The Nordic Banking Crisis in the early 1990s – Resolution Methods and Fiscal Costs’’.
Santomero, A. (1979), ‘‘The Role of Transaction Costs and Rates of Return on the Demand Deposit Decision’’, Journal of Economics, 5, 343 – 364.
Santomero, A. (1984), ‘‘Modelling the Banking Firm’’, Journal of Money, Credit and Banking, 16(4), 576 – 602.
Santomero, A. and P. Hoffman (1998), ‘‘Problem Bank Resolution: Evaluating the Options’’, The Wharton School Financial Institutions Center Discussion Paper No. 98-05.
Santomero, A. and J.D. Vinso (1977), ‘‘Estimating the Probability of Failure for Commercial Banks and the Banking System’’, Journal of Banking and Finance, Sept, 185 – 205.
Santos, N. and M. Woodford (1997), ‘‘Rational Asset Pricing Bubbles’’, Econometrica, 65, 19 – 57. Sapienza, P. (1998), ‘‘The Effects of Banking Mergers on Loan Contracts’’, Working Paper, North-
western University, Evanston, IL.
Saunders, A. (1994), ‘‘Universal Banking and the Separation of Banking and Commerce’’, Special Issue, Journal of Banking and Finance, 18(2), 229 – 420.
Saunders, A. (1999), Credit Risk Management, New York: John Wiley & Sons. Saunders, A. (2000), Financial Institutions Management: London: McGraw Hill.
Saunders, A. (2002), Credit Risk Measurement: New Approaches to Value at Risk and other Paradigms, 2nd edn, New York: John Wiley & Sons.
Saunders, A. and M. Cornett (2003), Financial Institutions Management, London: McGraw Hill/Irwin.
