trade flows is due to actual bank integration following deregulation: based on instrumental variables estimates, we … calculate that an increase in bank integration from zero to 2.28%, the mean of the data, increases trade in the range of 15% to …

In the recent theoretical literature on lending risk, the common pool problem in multi-bank relationships has been … credit-fie information on distressed lending relationships in Germany. In particular, it includes information on bank pools … bank pools increases the probability of workout success and that coordination costs are positively related to pool size. We …

Exploiting the Japanese banking crisis as a laboratory, we provide firm-level evidence on the real effects of bank … investors have similar effects. Moreover, bank mergers engineered to enhance bank stability appear to hurt the borrowers of the …

We investigate how bank competition affects the efficiency of credit allocation, using a model of spatial competition … loans compared to the social optimum. Finally, we analyse how bank competition affects the firms' restructuring effort. We …

in a strong position. We show that bank-controlled firms will be opaque, while shareholder-run firms prefer more … transparency. We can predict a clustering of attributes: bank dominance, established firms with valuable investment, but also … equity-controlled firms. Finally, bank control may fail to keep firms less transparent as global trading volumes rise. …

This paper analyzes the consequences of bank diversification into fee-based businesses. Universal banks raise welfare …

This Paper investigates the determinants of the takeover of a foreign bank by a domestic bank whereby the former … becomes a branch of the latter. Each bank is initially supervised by a national agency that cares about closure costs and … deposit insurance payouts, and may decide the early closure of the bank on the basis of supervisory information. Under the …