In this paper we study the intra-group transactions between the parent bank and its foreign subsidiaries in European … subsidiary banks were large by assets in some of the member states the related party transactions with the parent bank created a … subsidiaries. We suggest improvements in governance as well greater disclosure of related party transactions in bank holding …

banking sector and the stock market during both bank crises and market crashes, with the corporate bond market moving in the … same direction as bank credit. However, the results are significant for countries with market-based financial systems but … not for countries with bank-based financial systems. Emerging markets have mainly bank-based financial systems, which may …

during both bank crises and market crashes, with the bond market moving the same direction as bank credit. The result …, however, is significant for market-based countries but not significant for bank-based countries. As emerging markets are … mainly bank-based it may provide an explanation why it takes more time for them to recover from economic downturn after a …

if the central bank accommodates the demands of the private sector for fiat money. Price level variations allow full … (bank-specific) return risks cannot be shared using monetary policy alone as real transfers are needed. …

five areas where new theories are needed. These are asset price bubbles, central bank checks and balances, global …