REGULATION OF FINANCIAL SYSTEMS AND CAPITAL MARKET IMPERFECTIONS
DORIN DOBRISANABSTRACT. Buch and Kleinert claim that changes in real exchange rates affect the probability that domestic firms win bids over foreign firms if the acquisition of a (foreign) firm depends on the net worth of the investor. Kousis and McCulloch argue that registered banks are the main type of financial institution, dominating deposit-taking, provision of credit and financial risk management products, and the money market and payment system. Antràs et al. contend that investigating how global firms make operational and financing decisions in a world of heterogeneous institutions promises to provide a novel perspective on observed patterns of flows and firm activity.