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analyzes the implications of the euro for cross-border banking activities. A portfolio model is used which captures the role of …
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general and banking markets in particular show a greater degree of segmentation than national financial markets as a result of …
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We study the effects of technological change on financial intermediation, distinguishing between innovations in information (data collection and processing) and communication (relationships and distribution). Both follow historic trends towards an increased use of hard information and less...
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. While the main focus of the empirical work is on banking industry, results are yet informative also with regard to …
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