This paper documents global trends in bank activity, consolidation, internationalization, and financial firm conglomeration, and explores the extent to which fi

This paper documents global trends in bank activity, consolidation, internationalization, and financial firm conglomeration, and explores the extent to which fi

First Published in 2008. With contributions from a range of leading experts in this rapidly changing field, the book will be of particular value to economists,

Leading academics and policymakers address the theory of market discipline and consider evidence across different industries and countries. The effectiveness of

This paper studies two new models in which banks face a non-trivial asset allocation decision. The first model (CVH) predicts a negative relationship between ba