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The current economic policy discussion on financial integration in the European Union concentrates on cross-border mergers. We study the impact of cross-border lending in a theoretical model where banks acquire either hard or soft information on borrowing firms and predict that the closer firms...
Persistent link: https://www.econbiz.de/10005835227
and market liquidity are different in each market design. We test these predictions using a natural experiment. As of …
Persistent link: https://www.econbiz.de/10005248997