This paper develops a model of banking across borders where banks differ in their efficiencies that can replicate key patterns in the data. More efficient banks are more likely to have assets, liabilities and affiliates abroad and have larger foreign operations. Banks are more likely to be...

Several papers find a positive association between a bank's equity stake in a borrowing firm and lending to that firm. While such a positive cross-sectional correlation may be due to equity stakes benefiting lending, it may also be driven by endogeneity. To distinguish the two, we study a German...

Vor dem Hintergrund des Strukturwandels im Finanzdienstleistungssektor sowie aktueller Ertragsschwierigkeiten in der deutschen Kreditwirtschaft diskutieren die Autoren Verbesserungsmöglichkeiten bei der Verbundkooperation in der Sparkassen-Finanzgruppe. Schwerpunkte bilden einerseits...