investigate how such a bank capital requirement affects the international transmission of productivity and loan default shocks …. Three findings emerge. First, the bank's capital requirement has little effect on the international transmission of …This paper incorporates a global bank into a two-country business cycle model. The bank collects deposits from …

This paper estimates a two-country model with a global bank, using US and Euro Area (EA) data, and Bayesian methods …. The estimated model matches key US and EA business cycle statistics. Empirically, a model version with a bank capital … reduction. Banking shocks matter more for EA macro variables than for US real activity. During the Great Recession (2007 …

Two literatures exist concerning cross-border merger activity’s impact on domestic wages: one focusing on spillover …-border merger activity, we predict that ‘bargaining’ (‘spillover’) effects are relatively more dominant under high (low …-level data on unionization and merger activity (covering 1989-2001), we find support for our propositions as inward and outward …

international merger waves, in the process encouraging countries to specialise and trade more in accordance with comparative …

This paper studies the impact of bank mergers on firm-bank lending relationships using information from individual loan … contracts in Belgium. We analyse the effects of bank mergers on the probability of borrowers maintaining their lending … relationships and on their ability to continue tapping bank credit. The Belgian financial environment reflects a number of …

temporary increases in market concentration after a bank failure, by promoting a takeover of failed banks by a solvent …

We present new stylized facts on bank and firm leverage for 2000-2009 using extensive internationally comparable micro …-financial firm and commercial bank before the crisis, but the picture was quite different for large commercial banks States and for …) banks in emerging markets with tighter bank regulation and stronger investor protection experienced significantly less …

This Paper uses 67 measures of trade policy and trade liberalization to ask if membership in the World Trade …

Does leaving a currency union reduce international trade? We answer this question using a large annual panel data set …

I examine the hypothesis that membership in the World Trade Organization (WTO) and its predecessor the General …