lower volumes of outward FDI from the bank’s home market. …This paper investigates the benefits of banks’ direct investment in foreign subsidiaries and branches for non …-financial multinationals. The paper builds on the literature on international banks which has primarily focused on the implications for host …

. There are two main results: First, if all banks have enough liquidity so that they can honor their short-term obligations, a … banks, a financial transactions tax contributes to financial distress and undoes other policy measures that are used to …

equilibrium when banks have monopoly power, justifying a Pigouvian tax in this case. …

We model EU countries’ bank ratings using financial variables and allowing for intercept and slope heterogeneity. Our … differences in financial factors, which may reflect differences in country risk and the legal and regulatory framework that banks …

The current financial crisis has sparked intense debate about how weak banks should be resolved. Despite international …

This paper seeks to understand the interplay between banks, bank regulation, sovereign default risk and central bank … guarantees in a monetary union. I assume that banks can use sovereign bonds for repurchase agreements with a common central bank …, and that their sovereign partially backs up any losses, should the banks not be able to repurchase the bonds. I argue that …

This paper models the strategic interaction between a rating agency, a bank and a bank regulator who lacks information … about bank asset risk. The regulator can either (1) make bank capital requirements contingent on credit ratings; or (2) set … constrain high risk bank investment without simultaneously reducing overall investment volume. However, if collusion between the …

We analyze the microeconomic determinants of cross-border bank acquisitions in 16 transition economies over the period … heterogeneity of the transition economies into our analysis. We find that foreign banks target relatively large and efficient banks …. However, when foreign banks enter more developed transition economies that have made progress in economic reform, they acquire …

more willing to lend to SMEs. In this paper, we directly ask banks (the main providers of SME external finance) what … institutional framework play a role in banks’ decisions. To do so, we use a unique survey of banks in Argentina and Chile, two … to shape banks’ willingness to deal with SMEs. The paper shows that, despite alleged differences in the countries …