r -~~~~~~~~~~~~~~~~- PO'LICY RESEARCH \XYJ0RKING PAPER 2 8 rinanciai Crises, rinanciai DJepeniuence, and Industry Growth Luc Laeven Daniela Kiingebiei The World Bank Financial Sector Strategy and Policy Department OU I June 2002 Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized