We examine foreign intermediation activity in Japan during the so-called quot;lost decadequot; of the 1990s, contrasting the behavior of lending by foreign commercial banks and underwriting activity by foreign investment banks over that period. Foreign bank lending is shown to be sensitive to...

We examine the effect of negative nominal interest rates on bank profitability and behavior using a cross-country panel of over 5,100 banks in 27 countries. Our data set includes annual observations for Japanese and European banks between 2010 and 2016, which covers all advanced economies that...

We examine the impact of foreign underwriting activity using issue-level data in the Japanese quot;Samuraiquot; and euro-yen bond markets. We find that firms in these markets choosing Japanese underwriters over their foreign counterparts tend to be Japanese, riskier, smaller, seasoned, and...

We examine the effect of negative nominal interest rates on bank profitability and behavior using a cross-country panel of over 5,100 banks in 27 countries. Our data set includes annual observations for Japanese and European banks between 2010 and 2016, which covers all advanced economies that...