Small businesses (SMEs) depend on banks for credit. We show that the severity of the Eurozone crisis was worse in … countries where firms borrowed more from domestic banks ("domestic bank dependence") than in countries where firms borrowed more … from international banks. Eurozone banking integration in the years 2000-2008 mainly involved cross-border lending between …

banks, which increasingly funded themselves through cross-border interbank funding. We find that this pattern of 'double …-decker' banking integration exposed domestic banks to sharp declines in cross-border interbank lending during the eurozone crisis. As … a result, domestic banks reduced lending which led to large declines in output in sectors with many small (bank …

of deregulation: in states that opened their banking markets to out-of-state banks earlier, house prices were more … sensitive to capital inflows. We provide evidence that global imbalances were a major positive funding shock for US wide banks …: different from local banks, these banks held a geographically diversified portfolio of mortgages which allowed them to tap the …

of deregulation: in states that opened their banking markets to out-of-state banks earlier, house prices were more … sensitive to capital inflows. We provide evidence that global imbalances were a major positive funding shock for US wide banks …: different from local banks, these banks held a geographically diversified portfolio of mort- gages which allowed them to tap the …

of deregulation: in states that opened their banking markets to out-of-state banks earlier, house prices were more … sensitive to capital inflows. We provide evidence that global imbalances were a major positive funding shock for US wide banks …: different from local banks, these banks held a geographically diversified portfolio of mortgages which allowed them to tap the …

of deregulation: in states that opened their banking markets to out-of-state banks earlier, house prices were more … sensitive to capital inflows. We provide evidence that global imbalances were a major positive funding shock for US wide banks …: different from local banks, these banks held a geographically diversified portfolio of mortgages which allowed them to tap the …

opened their banking markets to out-of-state banks earlier, house prices were more sensitive to aggregate U.S. capital ….S. banks more than those of local banks. Therefore, integrated banks absorbed a larger share of capital inflows and expanded …

open areas, because geographically diversified banks were more elastic in their lending response to household’s increased …