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...

Chapter 1. Why Gas? -- Chapter 2. Why Latin Europe? -- Part 1: Dawn and Consolidation of Latin Europe’s Industrialisation: the Evolution of Gas in the 19th Century -- Chapter 3. The Internationalization of the English Gas Industry in Latin Europe in the 19th Century -- Chapter 4. First Steps...

This paper examines return predictability when the investor is uncertain about the right state variables. A novel feature of the model averaging approach used in this paper is to account for finite-sample bias of the coefficients in the predictive regressions. Drawing on an extensive...