Motivated by concerns over foreign currency exposures of banks in Emerging Europe, we examine the currency denomination … requested and granted currency for more than hundred thousand loans granted by one bank to sixty thousand different firms. This … suggests that the bank lends in foreign currency, not only to less risky firms, but also when the firm requests a long …

's sovereign debt default. While diversification generates risk diversification benefits ex ante, it also generates contagion ex … contagion. Those inefficiencies can be removed by various forms of fiscal integration, but fiscal integration typically reduce …

almost all banking systems with the notable exception of the US and Japan. In periods of calm, reversals of the home bias are … margin as well. Deterioration of bank soundness explains some but not all of the effect, e.g. Germany and Switzerland had a … strong flight home notwithstanding improving bank soundness during the eurocrisis. We also find evidence of the vicious …

We analyze the transmission of bank-specific liquidity shocks triggered by a credit rating downgrade through the … lending channel. Using bank-level data for US Bank Holding Companies, we find that a credit rating downgrade is associated …

This paper studies the determinants of global liquidity using data on cross-border bank flows, with a longer time … liquidity is driven primarily by uncertainty (VIX), US monetary policy (term premia), and UK and Euro Area bank conditions … tools, and bank regulation. …

Conventional wisdom holds that overlending problems and banking crises in open economies are provoked by investor moral … deposits. Transparency and bond market development can eliminate overlending problems and prevent banking crises. …

a strong effect of initial levels of institutional quality on future bank lending. Third, instrumental variable … correlate of international bank inflows. The results thus suggest that institutional underdeveloped can explain a significant …-step towards understanding which exactly institutional features affect international banking. …

transition countries. The survey contains details on 3,105 recent bank loans. At the firm level, our findings suggest that firms …. However, foreign bank presence, weak corporate governance and the absence of capital controls encourage foreign currency … firms in transition economies. Our results do, however, support the conjecture that banking-sector structures and …

. Since these two decisions may be simultaneously made we use the number of private and government bank branches located in … probability of a firm to innovate is about 10 to 13 percent higher if the main lender is a private compared to a government bank …