monetary policy. The theory unifies an endogenous supply of illiquid local loans and risk-sharing among subsidiaries of bank …

fundamentals with firm-quarter fixed effects; thus, identification comes from a firm's choice to default against one bank versus … bank relationships comes into doubt …

bank overdraft facilities -- helps individuals smooth consumption in the event of transitory income shocks. This paper …

This paper characterizes the capital flows in Asia before and after the Asian currency crisis of 1997. Differences in … foreign direct investment, portfolio investment, and bank lending are emphasized. There are common factors and idiosyncratic …

To American and European economists in 1945, the countries of Asia were unpromising candidates for high economic growth … Asia experienced vigorous economic growth, some with growth rates far exceeding the previous growth rates of the … economic growth would falter, proved to be incorrect. Growth rates will probably continue at high levels in Southeast Asia for …

We study the corporate-loan pricing decisions of a major Greek bank during the Greek financial crisis. A unique aspect … of our dataset is that we observe both the interest rate and the "breakeven rate" of each loan, as computed by the bank …

. Finally, for Europe we assess the relative importance of cross-border bank spillovers as compared to domestic bank spillovers …