Recent regulatory efforts aim at lowering the cyclicality of bank lending because of its potential detrimental effects on financial stability and the real economy. We investigate the cyclicality of SME lending by local banks with vs. without a public mandate, controlling for location, size, loan...

We investigate how the lending activities of a multinational bank’s affiliates located abroad are affected by funding difficulties in view of the financial crisis. For this, we consider transaction-induced changes in long-term lending to the private sector of 40 countries by the affiliates of...

Die 40. Auflage des gut benutzten Klassikers ist in Umfang und vor allem im Preis wesentlich erweitert (zuletzt BA 10/93). Teile des Buches wurden völlig neu konzipiert, um den tiefgreifenden Veränderungen in der nationalen und internationalen Finanzwirtschaft Rechnung zu tragen. Gleiches gilt...