Evidence of Regulatory Arbitrage in Cross-Border Mergers of Banks in the EU
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Banks are in the business of taking calculated risks. Expanding the geographic footprint of an organization's profit-making activities changes the geographic pattern of its exposure to loss in ways that are hard for regulators and supervisors to observe. This paper tests and confirms the hypothesis
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美国国家经济研究局创建时间:
2009-10-01



