Berger, Helge (contributor); Hefeker, Carsten (contributor) - 2006
the case of an integrated banking market with bank cross-holdings. Because banks will exert a greater overall effort to … coordination on bank efforts and discuss incentives for banks to organize their foreign holdings in the form or branches or … subsidiaries. We show that the absence of a common lender of last resort can reduce the probability of a financial crisis. -- Bank …