Buch, Claudia M.; Driscoll, John C.; Ostergaard, Charlotte - 2004
mostly take place between
banks with an investment-grade credit-ratings. To account for the possibility that the … financial distress, international extensions
of credit may improve the diversification of these systematic risks. To the extent … on
variables proxying for capital controls, information costs, political risk, and credit risk, we
find strong evidence …