1 “... price borrower risk. Further, there are important differences between foreign and domestic banks...”

2

3 “...This paper analyzes how differences in legal origin, judicial efficiency, and investor protection...”

4 “... and firms’ sectoral uncertainty. Exploiting these firm-level characteristics, we employ a difference...”

5 “..., assessing the interaction between different macroeconomic aggregates and loan portfolio quality in a...”

6 “... offer a different interpretation of changes in CB and banks’ balance sheets, with direct implications...”