market frictions such as credit constraints, can alleviate persistent cross-dynastic income inequality through increasing the …, equity market liberalization is associated with the different effects of credit constraints on the persistence of cross …

other transition economies, Slovenia has raised less short-term bank credit from abroad. Moreover, there are indications …

banks as providers of informational and of risk-diversification services. By eliminating exchange rate risks, the euro … enhances the incentives of banks to expand within Euroland. Yet, while the currency bias in bank portfolios will be eliminated …, the home bias will remain. It is also argued that positive diversification effects may outweigh possible negative effects …