This paper develops a theory of financial crises that explains why crises should be expected to follow periods of sustained lending booms and high banking profitability. When the behavior of agents is affected by the availability heuristic and there is a long period of sustained banking profitability, all agents—banks as well as those who fund banks and those who regulate them—end up in an “ava...

This study, grounded on the Conservation of Resource (COR) theory, examines the role of perceived social support sources and the moderating impact of work-life policy on work-life balance (WLB) among female employees in the context of the Bangladeshi banking industry. Data were collected from 559 female employees from 39 commercial banks located in Dhaka and Chattogram through a questionnaire s...

We investigate determinants of bankers’ presence on boards of non-financial corporations, factors contributing to their appointments, and bankers’ effect on leverage, investment, and Tobin’s Q following board-appointments. We use a unique data set comprising financially-distressed, undistressed, constrained and unconstrained firms of all asset-sizes. We find banker-board-appointments are positi...

SINCE DECEMBER 1982, when it became clear that Acquired Immune Deficiency Syndrome (AIDS) could be transmitted by blood transfusion, the blood bankers and their federal regulators have been unwaveringly optimistic that the spread of this lethal new disease by transfusion could be controlled. In June 1983, Edward Carr, the president of the American Association of Blood Banks (AABB) said "there i...

Central bankers’ careers are shown to influence inflation outcomes. I present two theories in which careers explain central bank behavior, develop them in a game theoretic model, and test them using a comprehensive new data set of central bankers’ career backgrounds which spans twenty rich democracies and half a century. Career experiences vary considerably over this sample, and not only mould ...