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"This paper looks at the role of both commercial and investment banks in providing merger advisory services. In this … investment banks. In their dual role as lenders and advisors to firms that are the target or the acquirer in a merger, banks can … possible reasons for these different outcomes. First, it is the target firm, not the acquirer, that must be priced in a merger …
Persistent link: https://www.econbiz.de/10001656388
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We investigate how bank migration across state lines over the last quarter century has affected the size and covariance of business fluctuations within states. Starting with a two-state version of the unit banking model in Holmstrom and Triocole (1997), we conclude that the theoretical effect of...
Persistent link: https://www.econbiz.de/10001590074
strategies. These flows are a form of global interdependence previously unexplored in the literature on international shock …
Persistent link: https://www.econbiz.de/10009292978
Remarks at the Center for Transnational Legal Studies Seminar on the Impact of U.S. Regulatory Reform on Global Banks, New York City.
Persistent link: https://www.econbiz.de/10010724960
Remarks at the Swiss National Bank-International Monetary Fund Conference, Zurich, Switzerland. …
Persistent link: https://www.econbiz.de/10010725045
Individual banks differ substantially in their foreign operations. This paper introduces heterogeneous banks into a general equilibrium framework of banking across borders to explain the documented variation. While the model matches existing micro and macro evidence, novel and unexplored...
Persistent link: https://www.econbiz.de/10010640518
Global banks played a significant role in transmitting the 2007-09 financial crisis to emerging-market economies. We examine adverse liquidity shocks on main developed-country banking systems and their relationships to emerging markets across Europe, Asia, and Latin America, isolating loan...
Persistent link: https://www.econbiz.de/10008498298
-country shocks, but they can also have profound effects across international markets. Indeed, global banks played a significant role …
Persistent link: https://www.econbiz.de/10004973934
Persistent link: https://www.econbiz.de/10005410531