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This paper studies how capital requirements influence a bank's mode of entry into foreign financial markets. We develop … a model of an internationally operating bank that creates and allocates liquidity across countries and argue that the … internal capital markets, on which a multinational bank relies to allocate liquidity across countries. Capital requirements …
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Basically, shadow banking is an original kind of business organization, or better a set of institutions and markets, finalized to disinvest fixed assets and convey them to the financial markets. Nowadays, tackling the subject means penetrating the hard core of financialization. Shadow banking...
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This study unites two streams of research by simultaneously focusing on the impact of financial globalisation on financial development and pre- and post-crisis dynamics of the investigated relationship. The empirical evidence is based on 53 African countries for the period 2004-2011 and...
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