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The current economic policy discussion on financial integration in the European Union concentrates on cross-border mergers. We study the impact of cross-border lending in a theoretical model where banks acquire either hard or soft information on borrowing firms and predict that the closer firms...
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Quo der Finanzmarktaufsicht in Deutschland/Europa wird in seiner Funktionsweise geschildert, Schwächen und Stärken werden … institutional setup of financial market supervision in Germany and Europe is presented; its functioning,strength and weaknesses are … (in Germany and Europe), a second scenario, in which national centralbanks and the ECB take the lead in financial market …
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