The autumn of 1998 provides a setting in which to test the performance of the interbank market during a potential financial crisis. This period witnessed Russia’s effective default on its sovereign bonds and the near collapse of the hedge fund LongTerm Capital Management. Despite these negative shocks to bank capital and increased uncertainty in financial markets more generally, the federal fun...

The expansion of fintech credit around the world is challenging global banking system. This study investigates interrelationships between development and efficiency systems in 80 countries from 2013 to 2017. findings indicate a two-way relationship them. More specifically, negative bank implies that more developed with less efficient systems. Meanwhile, positive impact on suggests may serve as ...

This volume is a product of the staff of the International Bank for Reconstruction and Development / The World Bank. The fi nd-ings, interpretations, and conclusions expressed in this volume do not necessarily refl ect the views of the Executive Directors of The World Bank or the governments they represent. The World Bank does not guarantee the accuracy of the data included in this work. The bo...