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How did the deregulation of U.S. bank activities affect the patterns of cross-border lending to emerging economies …? Unlike bank lending from Europe or Japan, U.S. bank lending to emerging economies exhibited increasing volatility over time …. Using U.S. cross-border bank exposure data, this study identifies a temporal association between important deregulation …
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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...
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