se seems to have had a negative impact on cross-border banking activities, the adoption of the Single Market clearly had …

rating transition and its implications on the relation. Money illusion and phenomena linked with relationship banking are …

general equilibrium framework of banking across borders to explain the documented variation. While the model matches existing … micro and macro evidence, novel and unexplored predictions of the theory are also strongly supported by the data: The … efficiency of the least efficient bank active in a host country increases the greater the impediments to banking across borders …

This paper develops a model of banking across borders where banks differ in their efficiencies that can replicate key … more open to foreign entry. In the model, banking sector integration leads to bank exit and entry and convergence in the … suggest that differences in bank efficiencies across countries drive banking across borders, that fixed costs are crucial for …

This paper develops a model of banking across borders where banks differ in their efficiencies that can replicate key … more open to foreign entry. In the model, banking sector integration leads to bank exit and entry and convergence in the … suggest that differences in bank efficiencies across countries drive banking across borders, that fixed costs are crucial for …

international banking stability. Such policy solutions should then be global in scope. This article instead argues that principles … prudential standards came with high domestic adjustment costs for the German banking sector. Thus, domestic makeshift solutions …