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

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

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 …

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

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

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 study an environment where the capital structure of banks and firms are jointly determined in equilibrium, so as to … assets held by firms and banks is determined by the technology choices by firms and the portfolio diversification choices by … banks. We show competitive equilibria are efficient and the equilibrium level of leverage in banks and firms depend on the …

a difference-in-difference setting in which private domestic banks serve as the treatment group and state and foreign …-owned banks, whose deposit insurance regime does not change, serve as a control group. …

core. The estimated model matches four facts about banks’ Tobin’s Q that summarize bank leverage dynamics. (1) Book and … nor market leverage constraints are binding for most banks; (4) bank leverage and Tobin’s Q are mean reverting but highly …