taking place for retail banking. Data on cross-border retail bank flows, cross-border bank mergers and the law of one price … reveal no evidence of integration in retail banking. This paper shows that the previous tests of bank integration are weak in … that they are not based on an equilibrium concept and are neither necessary nor sufficient statistics for bank integration …

bank. The results suggest that capital requirements may only be of second-order importance for banks' capital structures …

competitor banks for any given bank, and analyze the impact of this variable on banks’ risk-taking behavior, using a large sample … bank bail-outs on banks' risk-taking behavior. -- Government bail-out ; implicit and explicit government guarantees …

deposits towards non-deposit liabilities. We find that unobserved timeinvariant bank fixed effects are ultimately the most … important determinant of banks' capital structures and that banks' leverage converges to bank specific, time invariant targets …. -- Bank capital ; capital regulation ; capital structure ; leverage …

bank/firm data, we find that public guarantees reduce allocative efficiency. With guarantees in place, poorly performing …

political reservations against a mutualization of the liability for bank deposits. The three-stage model for deposit insurance …

The paper employs a unique identification strategy that links survey data on household consumption expenditure to bank … level data in order to estimate the effects of bank financial distress on consumer credit and consumption expenditures …

The paper employs a unique identification strategy that links survey data on household consumption expenditure to bank …-level data in order to estimate the effects of bank financial distress on consumer credit and consumption expenditures …

matter whether it is organized as part of a universal bank or in a separate institution. Next, the paper shows that relative … portfolio in universal banks. Depending on the specification, we obtain a reduction in problem loans when investment banking is …