There is a large literature on the effects of the presence of bankers on firms'boards as these bankers may reduce monitoring costs by facilitating information flows between the lender and the borrower, may credibly certify the financial soundness of the firm to other creditors who are not...

Given the recent traumatic events in the world?s banking industry it is important to understand what drives bankers to create larger and larger, often multinational, banking groups. In this paper we investigate whether the targets in cross-border bank M&As are materially different from those...

This paper finds that the stock of bilateral investment treaties (BIT) is subject to diminishing returns measured in terms of foreign direct investment flows. Diminishing returns are more pronounced among country-pairs that have not signed bilateral investment treaties but have their own BIT...

The global crisis and the expansionary government reaction in many countries has revamped the attention of policy makers and academics on the growth effects of large public debts. Recent empirical studies investigate the impact of public debt on growth in advanced and emerging countries. This...

This paper is the first systematic attempt to investigate the factors affecting time persistence in remittance behaviour at the individual level. We argue that the time profile of remittance ows from individual migrants is of considerable theoretical relevance and also has very important policy...

This paper examines how banks around the world have resized and reallocated their earning assets in response to the subprime and sovereign debt crises. We also focus on the interaction between sovereign debt and the asset allocation process. We find that banks have readjusted asset shares and...

Come Š stato possibile che la crisi di un settore marginale della finanza statunitense si sia propagata cosi' rapidamente non solo alle altre economie avanzate, ma anche alle economie emergenti e in via di sviluppo, e abbia determinato conseguenze tanto gravi da indurre molti paesi a ripensare...