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Our paper presents an extension of the Diamond-Dybvig (1983) model of bank runs to an open market economy. We examine domestic banks that are subject to potential runs by domestic depositors who worry that they will not be able to be repaid in full, because the domestic banks may not be able to refinance in the international financial markets. A loss in confidence in the banking system might precipitate a bank run. A bank run might be costly to safety net guarantors, for example, the central bank. Further, a bank run might lead to a breaking of the fixed exchange rate. Our model shows that adding central bank and International Monetary Fund guarantees, increasing long term debt as well as more equity financing reduces financial fragility, but consistent with economic intuition, these policy levers cannot eliminate the possibility of a bank run or a banking crisis leading to a currency crisis.

We consider two economic aspects of required reserves on bank deposits, their impact on bank-intermediated investment versus direct investment and their opportunity cost. We show that Bank reserves serve as a buffer to mitigate inefficient liquidation of a bank's assets in order to meet the demand for liquidity by investors. Due to some transaction costs or information costs, investors may prefer bank-intermediated investment to direct investment. Banks offer investors competitive deposit returns compared to the liquidation value of investment to attract funds from investors. If the Federal Reserve allows banks to set their individual optimal level of reserves, this might mitigate costs associated with required reserves. If banks implement the social optimum, this may introduce additional fragility into the banking system. We argue that required reserves might lead to deadweight loss if they are set above a bank's optimally determined reserves.

The Reverend R. Stephen Shuart is an Episcopal priest by profession. He is rector of two parishes and serves on the Diocesan Financial Committee and as a rural dean. However, he has spent most of his wage-earning life as owner/operator of Stephen Shuart Export Co., an internationally known photographic business, located in Kane, Pennsylvania. Shuart℉s unique entrepreneurial endeavor has been the subject of a televised news feature, and the object of camera collectorsʼ attention since his company℉s inception in the early 1970s.

This paper aims to highlight a multidimensional model of sustainability practices that are considered meaningful and practical for implementation by higher education institutions (HEIs).

The Concept System® Global MAX© software facilitated the bottom-up approach of this study, where 32 staff and students of a private HEI were prompted with the question, “What design features or facilities should the university building have for you to consider the building sustainable?” Their opinions were collected as statements via online brainstorming and the process was followed through with the sorting and rating of reduced statements. The software was also used to perform multi-dimensional scaling and cluster analysis to generate the findings of this study.

An eight-cluster solution was proposed based on the themes within respective clusters. Respondents rated the importance of sustainability resource usage and sustainability and technology highly. Whilst sustainable campus facilities appeal to students, education for sustainable development were more important to staff.

The community-based participatory research recommends activities that enhance the adoption of sustainable development in making universities a “living lab” for sustainability.

The purpose of this paper is to compare and contrast the structure, regulation, and performance of banks in the EU and G‐10 countries. This enables one to identify any significant differences in the structure of banking in the nineteen separate countries comprising these two groups. The regulatory, supervisory, and deposit‐insurance environment in which banks operate in each of these countries is also compared and contrasted. This enables one to identify any significant differences in the regulatory environment that may help explain the structure of banking in the various countries. Beyond this, the effect of the overall structural and regulatory environment on individual bank performance is investigated in order to evaluate the appropriateness of existing regulations in individual countries and any proposals for reforming them. Hence, an exploratory empirical analysis based upon a sample of banks in the different countries is conducted to assess the effect of the different “regulatory regimes” on the performance of individual banks, controlling for various bank‐specific and country‐specific factors that may also affect bank performance. In this way, the paper attempts to contribute to an assessment of the appropriate balance between market and regulatory discipline to ensure that banks have sufficient opportunities to compete prudently and profitability in a competitive and global financial marketplace. In the process of conducting such an assessment, the paper necessarily provides information as to whether the U.S. is “out‐of‐step” with banking developments in other industrial countries.

It is argued that as the planets conventional natural resources are consumed, it has a profound effect on society and the environment. In order to maintain current levels of lifestyle, help solve some of the developing nation’s problems and ultimately survive, the world will look more to technology and science for the answers and this will call for partnerships that deliver new approaches and science‐based innovations (Teresko, 2006). This research is a part of a bigger study investigating the determinants of innovation in the New Zealand biotechnology sector. This paper discusses business innovation in general and how it could contribute to sustainable development across several key areas like agriculture, biotechnology, consumer products, energy and life sciences. To provide a link between business innovation and sustainability, the research paper explores trends across the following concepts: social expectations of innovation in the biotechnology field, innovations versus sustainability, sustainable agricultural biotechnology, and sustainable industry practices in the biotechnology field. Finally the paper provides some tentative ideas of the conditions required for business innovation to make a constructive contribution to sustainability.