This paper uses matched bank-firm-level data and the 2014 depreciation of the euro to show that exchange rate … depreciations lead to increased bank loan supply of large banks with significant net foreign asset exposure. This increase in …

between bank lending specialization and bank performance and stability in an international sample. Theory suggests that banks … exposures, while not leading to higher returns. The paper also documents important time, cross-bank, and cross-county variation … diversification, banks with lower market power, and banks with more traditional intermediation models …

between bank lending specialization and bank performance and stability in an international sample. Theory suggests that banks … exposures, while not leading to higher returns. The paper also documents important time, cross-bank, and cross-county variation … diversification, banks with lower market power, and banks with more traditional intermediation models …