are more likely to enter foreign markets by means of foreign direct investment. We combine detailed proprietary bank …-level data on the international activities of all German banks with publicly available bank micro data from possible destination …

growth known from macroeconomics to identify credit booms and test our model for German bank and bankportfolio level data …

affects bank lending depends on the whether the banks are drawing on official sector liquidity facilities. Third, liquidity … heterogeneity in the balance sheet characteristics that affect banks’ responses to liquidity risk. Overall, bank balance sheet …

This paper studies episodes in which aggregate bank credit contracts alongside expanding economic activity …

return of central bank cross-border lending in times of stress, this time in the form of swap lines. …

Pecking order models of international finance suggest that countries should become less reliant on international bank … paper presents a simple model on the choice between bank debt and bond finance which builds on Rajan (1992), and it uses two … new datasets to test the implications, focusing on bilateral cross-border bank claims and bond holdings. We find support …