TURKEY - July 26 - Bank Watchdog Wants Uzans Charged.
A report in The FT says: "Turkey's banking watchdog is pressing for criminal charges against the controversial Uzan family after claiming to have discovered a system of double-accounting at their failed Imarbank. 'This is a major case of financial crime... There is a discrepancy between what was provided to...

Deposit insurance and banking crises in the short and long run.
There has been a rising global trend for countries, especially in the emerging economies, to institute explicit deposit insurance schemes in the last two decades. During this period, financial markets in the world have been frequently plagued by instabilities and banking crises, notably the Mexican crisis in 1995 and...

Banking stability and the Basel capital standards.
In thinking about bank stability and the Basel Accord, rather than concentrating on whether the Basel Committee has gotten every little detail of the new Accord right--a task that can greatly affect banks' bottom lines--it is more appropriate for our present purposes to concentrate on some more general--and perhaps...

Mr. corporate welfare.
The Republican plan, snickers GOP-bashing commentator Kevin Phillips, savages federal programs that help "the elderly, the working poor, and college kids," while providing "candy-corn treats and chocolate kisses for Corporate Welfare Kings." The Washington Post agrees, calling federal subsidies to big business "the pork that won't slice." In the GOP...

How large is the federal financial safety net?
In the 1980s and early 1990s, U.S. taxpayers paid $130 billion to make good on the federal government's guarantee to protect depositors in thrift institutions (U.S. GAO 1996: 14). The crisis affecting thrifts in the late 1980s exhausted the funds that had been set aside by the deposit insurance...

Principles of Islamic banking: debt versus equity financing. (Akacem: principles of Islamic banking).
It is difficult to pinpoint the start of Islamic banking, but the consensus is that it took place in Egypt in the 1960s. (2) The Egyptian experiment did not last very long, and it was not until the mid 1970s before Islamic banking started to take hold in many...

Guarantees, interchange and fees--current issues with long-term implications.
The purpose of this paper is to give a banking industry perspective on three important policy issues facing Australia's banks. These are the proposal for a deposit insurance scheme, the regulation of the credit card interchange fee and the general issue of bank fees. For each issue, the paper...

Responding to financial crises: what role for the fed?
The key issue in addressing the topic of what to do in the event of a financial crisis is time inconsistency. It seems to make sense in the middle of a financial crisis for someone to bail out a failing firm or firms. The inconsistency is that, however sensible...

Research note: searching for working-class Philadelphia in the records of the Philadelphia Saving Fund Society.
The Philadelphia Saving Fund Society (PSFS) was founded in 1816 as the nation's first savings bank. Its stated purpose, as articulated in its 1817 Articles of Association, was to provide "mechanics and tradesmen" with a safe repository for whatever small savings they could amass. The original Board of Managers, which...

The macroeconomic implications of the new banking capital regulation in emerging markets: a duopoly model adapted to risk-averse banks.
Resumen. Con el propósito de analizar el impacto de la nueva regulación de capital de bancos (Basilea II) sobre el ciclo de una economía emergente, desarrolló un modelo de duopolio compuesto por bancos locales y extranjeros. Teniendo en cuenta esta nueva regulación, los principales resultados son: la evaluación del...