rents already. Thus our results suggest that in the bank-dominated financial system of Germany, in which banks intensely …

-European Bank mergers. In this paper we identify other more fundamental reasons for a limited degree of cross-country integration in …-border bank mergers. The paper derives the impact of different underlying stochastic structures on the optimal structure of cross … regional bank mergers. Imposing a symmetry restriction on the underlying stochastic structure of liquidity shocks we find that …

Ongoing financial innovation and greater information availability increase the tradability of bank assets and reduce … banks' dependence on individual bank managers as private information in the lending process declines. In this paper we argue … bank managers and shareholders becomes less severe. Consequently, banks' capital structure needs to be less concerned with …

not sufficiently restrain monopoly rents already. Thus, our results suggest that in Germany's bank-dominated financial …

We use a unique data set that comprises each bank’s bids in the Eurosystem’s main refinancing operations and its … that a bank’s willingness-to-pay is a good indicator for the probability that this bank draws on the LOLR facility. Our …

not sufficiently restrain monopoly rents already. Thus, our results suggest that in Germany's bank-dominated financial …

ffnd such effects for bank connections to acquirer advisors or for trades in acquirer stocks. Target advisors benefit from …

find such effects for bank connections to acquirer advisors or for trades in acquirer stocks. Target advisors benefit from …

We study the prices that individual banks pay for liquidity (captured by borrowing rates in repos with the central bank … and benchmarked by the overnight index swap) as a function of market conditions and bank characteristics. These prices …