foreigners. We use a bank-level panel data set spanning all British and foreign banks providing loans within the United Kingdom …-term interest rates, though our data set here is much smaller. We examine the loan mix for both British and foreign banks, both … of financial protectionism. After nationalisations, foreign banks reduced the fraction of loans going to the UK by about …

) investments for EMU-firms have grown 2.5% more than for non-EMU firms, after 1999; and (ii) the benefits of the euro accrue …

frictions, both parties in a match are partially locked-in when they bargain over the joint surplus from their sunk investments … case of investments in homogenous capital only the agents on the short side acquire ownership of capital. There is always …

We analyze the impact of mandatory access on the infrastructure investments of two competing communications networks …

therefore adopt risk management practices to account for the benchmark performance. We capture this risk management … practice. In a dynamic setting, we demonstrate how a risk averse portfolio manager optimally under- or overperforms a target … benchmark under different economic conditions, depending on his attitude towards risk and choice of the benchmark. The analysis …

investments of banks at the security level for 2005-2012 in conjunction with the credit register from Germany. Analyzing data at … increase their overall investments in securities, especially in those that had a larger price drop. The quantitative effects …

productivity and human capital investments. Using light intensity as an alternative measure for economic activity confirms the …

, borrowers take on less risk exposure than non-borrowers. A larger risk exposure by borrowers may occur as well, however …, borrowers' default policies render binary options useful instruments for lenders in hedging the credit-risk component of their … and volatility in contrast to the exogenously assumed constant mean and volatility in many credit risk models. We consider …

investments. …