Information costs and regulatory barriers are the main distinguishing features of international financial markets as compared to national financial markets. This paper presents a simple model of the impact of these factors on banks' cross-border activities and provides empirical evidence. Our...

If the technological revolution which has taken place over the past decades has lowered information costs and if information costs increase in distance, distance should - ceteris paribus - become less important in determining international bank lending. We are using a dataset on assets and...

Introduction -- Part One: The Basics -- Chapter 2: The institutional forms on which a capitalist economy is based -- Chapter 3: From the iron laws of capitalism to the successive regulation modes -- Chapter 4: Accumulation regimes and their historical evolution -- Chapter 5: A theory of the...