equilibrium when banks have monopoly power, justifying a Pigouvian tax in this case. …

The aim of this paper is to investigate the long run relationship between the development of banks and stock markets … as evidence supporting the significance of financial development for economic development although banks and stock …

differences in financial factors, which may reflect differences in country risk and the legal and regulatory framework that banks …

The current financial crisis has sparked intense debate about how weak banks should be resolved. Despite international …

This paper investigates the benefits of banks’ direct investment in foreign subsidiaries and branches for non …-financial multinationals. The paper builds on the literature on international banks which has primarily focused on the implications for host … the volume of FDI by home market banks boosts FDI by non-financial firms from the same home market. Domestic and third …

We document that trust in public institutions—and particularly trust in banks, business and government—has declined …

Parliament) and aristocratic titles (e.g., lords)--on the boards of directors of English and Welsh banks from 1879-1909 to … corroborates this finding, showing that a bank’s shares exhibited negative abnormal returns when their directors were elected to …

industry. A unique data set, which contains detailed information on almost 2.5 million accounts in 11 German savings banks …, allows us estimating the socio-demographic determinants of retail profitability. Using a simulation model, we are able to … predict the development of bank profitability due to demographic shifts up to 2025. One of the main findings is that the …

Many central banks have become more transparent during the last decade, in particular about macroeconomic prospects …. This paper shows that such economic transparency could give central banks greater flexibility to respond to macroeconomic … shocks. In particular, it allows central banks to stabilize aggregate demand and supply shocks without affecting private …