quality of management, leverage, and diversification , we find that bank size reduces return volatility. The negative impact …

Diversification by banks affects the systemic risk of the sector. Importantly, Wagner (2010) shows that linear … diversification increases systemic risk. We consider the case of securitization, whereby loan portfolios are sliced into tranches with … different seniority levels. We show that tranching offers nonlinear diversification strategies, which can reduce the failure …

Migrant remittances increased strongly since the 1980s, becoming an important and reliable source of funds for many … developing countries. Therefore, there is a strong incentive for receiving countries to attract more remittances, especially … remittances and potential measurement errors. We find a strong positive statistical and economic effect of remittances on …

habits: migrants who regularly use internet banking for other purposes are more likely to use bank services for remittances …

, resulting in limited asset diversification. Third, medium-sized and smaller pension funds favor regional investments and as such … not fully employ the opportunities of international diversification. Finally, we show that pension funds using less …