Does the combination of inflation and high corporate taxes explain the increase in bank leverage in the 20th century …? Inflation automatically increases bank debt, while high corporate taxes hinder capital accumulation. Capital ratios therefore … Swedish bank data 1870-2001. Bank capital ratios dropped when inflation and corporate tax rates were high, during WWI and in …

This paper examines the historical origins of the bank-based financial systems in Germany and Japan and the market … industrialization. The first major claim I make is that TOI overstates both the significance of bank-based finance for the rapid …

bank deposits; Congress authorized a system of Federal Reserve Banks to address the problem. A similarly inelastic supply …

assess the relative importance of cross-border bank spillovers as compared to domestic bank spillovers. The results suggest …

approach is able to measure competition of bank market segments, such as the loan market, whereas many well-known measures of … ignores differences in bank product quality and design, as well as the attractiveness of innovations. We measure competition …

A growing body of literature indicates that competition increases bank soundness. Applying an industrial organization … indeed increases bank efficiency. Second, building on these results, we examine the relation between the Boone indicator … bank soundness. We find evidence that competition robustly increases bank soundness, via the efficiency channel. …

bank loans to U.S. firms over the period of 1980- 2003. We find that investors react positively to such announcements if …’s headquarters state. Investor reaction is, in fact, the largest when the bank is foreign. Our evidence suggest that investors value … bank identities and reputation seem to matter a great deal. …