A key finding is that societies that emphasize market-based monitoring of banks enjoy superior outcomes along a range of criteria. Also provided is an empirical evaluation of the historic debate about the proper role of government in the economy by studying bank regulation and analyzing the role of politics in determining regulatory approaches to banking. It offers the first comprehensive cross-country assessment of the impact of bank regulation on the operation of banks and assesses the validity of the Basel Committees influential approach to bank regulation. In contrast to this, the approach... Viewing the reform of bank regulation and supervision as a narrow technical issue is risky because the impact of bank regulation reflects host countries complex economic and political institutions. This volume presents and discusses a new database on bank regulation in more than 150 countries! Banking systems are important not only for countries finances but also to help spur economic growth!