"... In PAGE 8: ... The latter figures are almost certainly superior to the former and are therefore used where possible. Since Capie and Weber report only deposits, not total assets, for their banks, Table2 uses the Shepard figures to calculate average assets per 6 1900, and 1910.... In PAGE 11: ... Concentration ratios measured in this manner indicate little growth in the share of the largest banks in any of the variables used. Figure 1 plots five-firm ratios for total assets and share capital as well as great- bank ratios for total assets and deposits for 1884-1913, and Table2 reports estimated five- and ten-firm ratios for total assets for 1890, 1900, and 1910. While the asset-based ratio increased five percentage points (to 39.... In PAGE 12: ...for the private banks (using linear interpolation between his estimates for 1880, 1900, and 1913). 9As Table2 and the foregoing discussion indicate, the extent of market concentration in Germany varies considerably depending on whether private banks are included. Official German data sources cover only joint-stock banks; only rough estimates of private bank assets are available.... In PAGE 12: ... Nonetheless, if the private bankers are considered (and certainly some of them should be), it is clear that concentration in universal banking increased over the period in question; but the change was likely more moderate than that perceived by contemporaries or historians. It may come as a surprise that, according to some measures, the German universal banking sector was actually less concentrated than the English deposit banking sector over the entire period from 1884 to 1913 (Figure 1 and Table2 ).9 In both countries, the largest members of the commercial/universal banking sector built up significant nationwide branching networks during this period.... ..."

"... In PAGE 24: ... These results support the financial services view but are inconsistent with predictions by the market-based and bank-based views. Table4 confirms the absence of a strong relation between financial structure and industrial growth patterns across countries. Here we use the indicator of regulatory restrictions on banks, Restrict.... In PAGE 24: ... Also, the interactions of Restrict and both labor-and R amp;D-intensity do not enter significantly. Finally, Restrict is negatively associated with capital allocation efficiency as illustrated in panel B of Table4 . It enters with a p-value of 0.... In PAGE 25: ...24 Table4 also confirms the strong positive relation between overall financial development and industrial performance. New establishments are created more easily in financially more developed economies as the interaction of external dependence and Finance-Aggregate enters with a p-value of 0.... ..."

"... In PAGE 11: ... A close look at the data for the credit industry and the riskiness of investment projects reveal more specific dissimilarities across the countries. Table4 17 showsdataonreturnofassets-i.e.... ..."

"... In PAGE 9: ...ank output tend to ignore such activities (Kohers et al., 2000). For example, the measurement of outputs under the parametric Stochastic Frontier Approach (SFA), which does not account for non-traditional activities, tends to understate bank efficiency (Rogers, 1998). Table1 provides the summary statistics of all the fifteen banks for each of the six years included in this study. Note that the first four columns show the key statistics of the two full fledged Islamic banks and the last four columns show those of the conventional banks that operate under dual banking structure.... In PAGE 9: ...epositors tend to decline following an increase over the initial two years, i.e., from 1997 to 1998. From Table1 , cross section comparison in any given year reveals that mean and standard deviation of all variables are higher for conventional banks than the pure Islamic banks, in reflection to relatively larger scale of operations of some conventional banks as well as wider diversity of their operative scales and capacities. 6.... ..."

"... In PAGE 4: ... The facts of financial consolidation Tables 1-5 re port aggregate statistics on trends in financial consolidation. As shown in Table1 , th e number o f U.S.... ..."

"... In PAGE 7: ... 10 . #28table 1, insert here#29 Table1 shows that in many #0Cnancially developed countries, banking su- pervision is now not #28or not any more#29 a monopoly of the Central bank. Among the G-5, only UK could be considered as a country where monetary policy and banking supervision were combined.... ..."