We use payroll data on 1.2 million bank employee years in the Austrian, German, and Swiss banking sector to identify … document an economically significant correlation of incentive pay with both the level and volatility of bank trading income … share in the capital markets divisions with the strength of incentive pay in unrelated bank divisions like retail banking …

depends on : (i) the commitment ability of the single central bank, (ii) the policy flexibility of the national fiscal … bank moves before the fiscal authorities, then a monetary union will increase welfare as long as fiscal policy is …

continuation of a currency peg depended on the observed holdings of central bank foreign reserves. We examine the implications of a …

loan from a fintech lender than a traditional bank. Among conventional lenders, smaller banks were much less likely to lend … to show that the disparity is not primarily explained by differences in pre-existing bank or credit relationships, firm …