incentives. To this end we build a symmetric two-country model with money and imperfect credit market integration. Differences in … credit market integration are captured by variations in the cost for banks to grant credit for cross-border purchases. We …

This paper analyzes a two-country model of currency, banks and endogenous default to study whether impediments to … impediments induce a higher cost for banks to manage cross-border credit compared to domestic credit, welfare may not be maximal …

This paper presents a microstructure model for the unsecured overnight euro money market, similar to that developed for … of banks participating on this market, and the influence of the institutional framework and market organizational aspects … probability of informed trade which measures the ability of traders (banks) to interpret signals on the expected evolution of the …

estimated a dynamic reduced form model allowing for asymmetries in loan supply across banks, depending on their size, liquidity … and capitalization. We have used a panel of 312 French banks observed quarterly over the period 1993-2000. We find some … asymmetry between liquid and illiquid banks, the latter being more sensitive to a monetary policy tightening. This result is in …

This paper presents a model of the portfolio and financing adjustments of U.S. banks over the business cycle. At the …

estimates of any log-log model coefficients, as lond as banks panel data is used and fixed effects are included in the estimated …

estimates of any log-log model coefficients, as lond as banks panel data is used and fixed effects are included in the estimated …