We present a gravity model that accounts for multilateral resistance, firm heterogeneity and country-selection into … trade, while accommodating asymmetries in trade flows. A new equation for the proportion of exporting firms takes a gravity …, despite the larger trade elasticities implied by firm heterogeneity. As a consequence, the world-wide trade response, though …

orientation, pressures on funding models and entity structures could affect the efficiency of capital flows through the bank …

Cross-border bank lending is a growing source of external finance in developing countries and could play a key role for …

Foreign bank lending has stopped growing since the global financial crisis. Changes in banks' business models, balance …

global factors driving cross-border bank flows, alongside country-specific factors. It confirms the explanatory power of US … financial conditions, with flows decreasing in market volatility (VIX) and term premia, and increasing in bank leverage, growth … frameworks and better bank regulation, but less so for flows to non-financial firms …

euro area countries. We use a Ricardian-gravity trade model to estimate sectoral competitiveness in individual euro area …