Modern trade theory emphasizes firm-level productivity differentials to explain the cross-border activities of non-financial firms. This study tests whether a productivity pecking order also determines international banking activities. Using a novel dataset that contains all German banks'...

Academic research generates scholarly publications which practitioners do not read. Practitio-ners face challenges which scholars do not address. They speak different languages and move in different worlds. In a field now known as microfinance, this paper is a personal account of taking turns...

La recherche académique génère des publications spécialisées que les opérateurs de terrain ne lisent pas. Eux-mêmes font face à des défis que les universitaires n'étudient pas. Chercheurs et praticiens parlent des langages différents et vivent dans des mondes distincts. Cet article se...

This paper studies the nature of spillover effects in bank lending flows from advanced to the emerging market economies and identifies specific channels through which such effects occur. Based on a gravity model we examine a panel data set on cross-border bank flows from 17 advanced to 28...

Der Mittelstand beklagt eine zunehmende Zurückhaltung der Banken bei der Kreditfinan zierung. Welche Ursachen hat die Stagnation der Der Mittelstand beklagt eine zunehmende Zurückhaltung der Banken bei der Kreditfinan zierung. Welche Ursachen hat die Stagnation der Kreditbestände? Verhalten...

Recent developments on international financial markets have called the benefits of bank globalization into question. Large, internationally active banks have acquired substantial market power, and international activities have not necessarily made banks less risky. Yet, surprisingly little is...

We investigate whether information sharing among banks has affected credit market performance in the transition countries of Eastern Europe and the former Soviet Union, using a large sample of firm-level data. Our estimates show that information sharing is associated with improved availability...

We study the effect of going-concern contingent capital on bank risk choice. The possibility of debt for equity conversion forces deleveraging in highly levered states, when risk incentives are worse. The additional equity reduces endogenous risk shifting by diluting returns in high states. An...

This paper aims to present and analyze the functions performed by the Brazilian federal banks, in a Keynesian perspective, emphasizing its role: i) in promoting economic and regional development, by directing credit to specific sectors and regions, ii) the anti-cyclical action, especially after...

Mobile Commerce has gained increasing acceptance amongst various sectionsof the society in previous years. The reasons for its growth can betraced back to technological and demographical developments that haveinfluenced many aspects of the socio-cultural behaviour in today’s world.The need...