Derviz, Alexis; Podpiera, Jiří - European Central Bank - 2007
multinational bank. First, we model a bank that delegates the management of itsforeign unit to a local manager with non …-transferable skills. The bank differs from other internationalinvestors due to a liquidity threshold which induces a depositor run and a … authors and are not
endorsed by the European Central Bank.
2 Czech National Bank, Na Příkopě 28, CZ-115 03 Praha 1 …