taking place for retail banking. Data on cross-border retail bank flows, cross-border bank mergers and the law of one price … reveal no evidence of integration in retail banking. This paper shows that the previous tests of bank integration are weak in … that they are not based on an equilibrium concept and are neither necessary nor sufficient statistics for bank integration …

not group members, but nevertheless have strong ties to a main bank also invest and sell more than firms without strong … bank ties …

bank debt as their prime source of financing now rely more heavily on the public capital markets. This trend was … 1988). we demonstrated that investment by firms with close bank relationships appears to be less liquidity constrained than … investment by firms without close bank ties. We interpreted this finding as evidence that bank ties tend to mitigate information …

. Recovery depends primarily on post-shock adjustments made by the banks, particularly to their loan portfolios. Matched bank …