1 “..., grant a substantial share of their cross-border loans from affiliates located abroad. But differences...”

2 “... differences and wage differentials, our results emphasize the roles of education as well as transport...”

3 “... and study their global and domestic drivers. Bitcoin cross-border flows respond differently than capital...”

4 “... to the evolution of key variables such as credit, policy rates, and house prices, finding substantial differences...”

5 “...This paper presents a stylized analysis of the effects of ring-fencing (i.e., different...”

6 “... the group. This assumption neglects the fact that regulations differ across countries (e.g., minimum capital...”

7 “...-border loans differ from those for local affiliates’ lending, especially for impaired banking systems...”

8 “... of the increasing regionalization of lending flows, the different evolution of linkages through bank affiliates...”