One characteristic which may distinguish banks from other financial institutions is the role of relationships between the bank and its borrowers. These firm-lender relationships can help resolve market failures and thus provide a role for banks. This paper describes the theoretical role of lending relationships in financial markets. Relationships can generate useful information as well as be us...

Using monthly balance-sheet data of all major German credit banks, we analyze deposit withdrawals and bank failures in the German banking and currency crisis of 1931. We Þnd that deposit withdrawals were driven by the run on the currency, but were also related to banks’ liquidity positions; that branch banks were no more stable than unit banks; and that large banks were privileged, being bailed...

We conjecture that issuing firms seek to avoid sharing underwriters with their product-market rivals in order to limit the risk that strategically sensitive information is leaked to a rival firm via the underwriter relationship. We investigate this conjecture in a sample of 5,272 equity deals and 12,453 debt deals by large U.S. firms between 1975 and 2003. Using several distinct sources of iden...

This volume is a product of the staff of the International Bank for Reconstruction and Development/ The World Bank. The findings, interpretations, and conclusions expressed in this paper do not necessarily reflect the views of the Executive Directors of The World Bank or the governments they represent. The World Bank does not guarantee the accuracy of the data included in this work. The boundar...

Register files account for a significant fraction of the power dissipation in modern RISC processors. Register file banking is an effective alternative to monolithic register files in embedded systems. We propose a profile-based technique to arrive at a customized energy-efficient bank configuration for a given application on a dual bank register file. The technique consists of a register renam...

This paper explores subband processing of complex (I/Q) signals which finds various important applications especially in communications signal processing. Instead of using traditional DFT based systems, the filter bank based systems are very interesting choices when high selectivity in the subchannels is required. We present a novel efficient complex modulated critically sampled filter bank str...