The Choice of the Form of Representation in Multinational Banking: Evidence from Spain
RECERCAT - Dipòsit de Recerca de Catalunya
Colabora: Universitat Pompeu Fabra. Departament d'Economia i Empresa Autor/es: Josep Garcia Blandón; Resumen : This paper investigates foreign direct investment in the banking sector. The attention has been addressed to test the importance of OLI advantages as the determinants of the bank's decision...
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Cross-Border Banking in Europe: An Empirical Investigation
RECERCAT - Dipòsit de Recerca de Catalunya
Colabora: Universitat Pompeu Fabra. Departament d'Economia i Empresa Autor/es: Josep García Blandón; Resumen : This paper investigates bilateral trade in banking services within the European Union. The attention has been addressed to two main issues. First, to test the bank's motivations for setting...
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The Timing of Foreign Direct Investment under Uncertainty: Evidence from the Spanish Banking Sector
RECERCAT - Dipòsit de Recerca de Catalunya
Colabora: Universitat Pompeu Fabra. Departament d'Economia i Empresa Autor/es: Josep Garcia Blandón; Resumen : This paper investigates the timing of foreign direct investment (FDI) in the banking sector. The importance of this issue would arise from the existence of differential benefits associated ...
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Credit Rationing and Crowding Out During the Industrial Revolution: Evidence from Hoare's Bank, 1702-1862
RECERCAT - Dipòsit de Recerca de Catalunya
Colabora: Universitat Pompeu Fabra. Departament d'Economia i Empresa Autor/es: Peter Tenim; Joachim Voth; Resumen : Crowding-out during the British Industrial Revolution has long been one of the leading explanations for slow growth during the Industrial Revolution, but little empirical evidence exis...
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Interbank Comptetition with Costly Screening
RECERCAT - Dipòsit de Recerca de Catalunya
Colabora: Universitat Pompeu Fabra. Departament d'Economia i Empresa Autor/es: Xavier Freixas; Sjaak Hurkens; Alan D. Morrison; Nir Vulkan; Resumen : We analyse credit market equilibrium when banks screen loan applicants. When banks have a convex cost function of screening, a pure strategy equilibri...
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Systemic Risk, Interbank Relations and Liquidity Provision by the Central Bank
RECERCAT - Dipòsit de Recerca de Catalunya
Colabora: Universitat Pompeu Fabra. Departament d'Economia i Empresa Autor/es: Xavier Freixas; Bruno Parigi; Jean Charles Rochet; Resumen : We model systemic risk in an interbank market. Banks face liquidity needs as consumers are uncertain about where they need to consume. Interbank credit lines al...
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Book vs. Fair Value Accounting in Banking, and Intertemporal Smoothing
RECERCAT - Dipòsit de Recerca de Catalunya
Colabora: Universitat Pompeu Fabra. Departament d'Economia i Empresa Autor/es: Xavier Freixas; Dimitrios P. Tsomocos; Resumen : The aim of this paper is to examine the pros and cons of book and fair value accounting from the perspective of the theory of banking. We consider the implications of the t...
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Should Banking Supervision and Monetary Policy Tasks be Given to Different Agencies?
RECERCAT - Dipòsit de Recerca de Catalunya
Colabora: Universitat Pompeu Fabra. Departament d'Economia i Empresa Autor/es: Carmine Di Noia; Giorgio Di Giorgio; Resumen : This paper adds some new arguments to the thesis that the responsibility for banking supervision should be assigned to an agency formally separated by the Central bank. We al...
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Banks, Liquidity Crises and Economic Growth
RECERCAT - Dipòsit de Recerca de Catalunya
Colabora: Universitat Pompeu Fabra. Departament d'Economia i Empresa Autor/es: Alejandro Gaytan; Romain Rancière; Resumen : How do the liquidity functions of banks affect investment and growth at different stages of economic development? How do financial fragility and the costs of banking crises evo...
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Conflicts of Interest, Information Provision and Competition in Banking
RECERCAT - Dipòsit de Recerca de Catalunya
Colabora: Universitat Pompeu Fabra. Departament d'Economia i Empresa Autor/es: Patrick Bolton; Xavier Freixas; Joel Shapiro; Resumen : In some markets, such as the market for drugs or for financial services, sellers have better information than buyers regarding the matching between the buyer's needs...
