This paper studies the impact of European bank mergers and acquisitions on changes in key safety and soundness measures of both acquirers and targets. We find that capitalization, profitability and liquidity show signs of statistically and economically signifi cant mean reversion for acquirers....

En este estudio investigamos los determinantes de las emisiones denominadas en dólares de deuda a largo plazo por parte de la banca europea. Para ello empleamos una base de datos que permite explorar los factores que, según la literatura, explican las emisiones en moneda extranjera. Incluimos...

Este documento es uno de los primeros en investigar los determinantes en la emisión de bonos por parte de las entidades bancarias europeas. Utilizamos una base de datos única de en torno a 50.000 bonos emitidos por 63 bancos de 14 países europeos para comprobar explícitamente una serie de...

The production and sale of arms is now the second largest industry in the world, only the oil industry is larger. More Third World countries produce arms now than ever before. Third World arms production may be a small percentage of total global production, but it causes an international...

For three decades a handful of giant American Corporations dominated the world computer industry. In the late 1980s a host of relatively small firms seized industry leadership. Many saw in this astounding reversal of fortune the birth of an open, progressive, highly competitive and democratic...

The issue of income inequality was neglected in the recent economic literature until perhaps the last two decades or so. The reason for this neglect may stem from the deterministic and mechanical way the issue has been treated in the works of the neoclassical economists. However, the classical...

Foreign direct investment (FDI) is essential in international business and FDI in China has experienced rapid growth in the past three decades. The objective of this thesis is to analyze the political, economic, and cultural influences on FDI development at four stages of China's economy growth:...

The Internet is the latest in a long succession of communication technologies. The goal of thiswork is to draw lessons from the evolution of all these services. Little attention is paid to technologyas such, since that has changed radically many times. Instead, the stress is on the steady growth...