Working Paper

01 July 2014

Family Business Groups and Organizational Structure: A Study of Bank Pyramidal Ownership in Thailand

This paper investigates how banks and finance companies operate in a family business group. Using uniquely detailed ownership data from Thailand, we find that the controlling families extensively use pyramids to control banks...

Pramuan Bunkanwanicha | Jyoti Gupta | Yupana Wiwattanakantang
01 December 2014

Principles of Financial Regulation

Inadequate regulation of the financial system is widely thought to have contributed to the financial crisis. The purpose of the book is to articulate a framework within which financial regulation can be analysed in a coherent and...

John Armour | Dan Awrey | Paul Davies | Jeffrey Gordon | Colin Mayer | Jennifer Payne
01 January 2015

Decision-Making during the Crisis: Why did the Treasury let Commercial Banks fail?

Limited attention has been paid to the comparative fate of banks benefiting from TARP Capital Purchase Program (CPP) funding and less fortunate banks subject to FDIC resolution. We address this omission by investigating two...

Ettore Croci | Gérard Hertig | Eric Nowak