rents already. Thus our results suggest that in the bank-dominated financial system of Germany, in which banks intensely …

-European Bank mergers. In this paper we identify other more fundamental reasons for a limited degree of cross-country integration in …-border bank mergers. The paper derives the impact of different underlying stochastic structures on the optimal structure of cross … regional bank mergers. Imposing a symmetry restriction on the underlying stochastic structure of liquidity shocks we find that …

Ongoing financial innovation and greater information availability increase the tradability of bank assets and reduce … banks' dependence on individual bank managers as private information in the lending process declines. In this paper we argue … bank managers and shareholders becomes less severe. Consequently, banks' capital structure needs to be less concerned with …

not sufficiently restrain monopoly rents already. Thus, our results suggest that in Germany's bank-dominated financial …

not sufficiently restrain monopoly rents already. Thus, our results suggest that in Germany's bank-dominated financial …

central bank's overnight lender-of-the-last-resort (LLR) facility. Our findings suggest that in particular those banks that …, structural attributes of banks seem to have a predictive power for the likelihood that a bank will suffer from a liquidity … regulatory perspective, a bank-specific LLR rate instead of a fixed rate may be a complementary measure to re-establish the level …

deeper economic integration should cause also greater, though still incomplete, financial integration, through both bank …

find such effects for bank connections to acquirer advisors or for trades in acquirer stocks. Target advisors benefit from …