Firm Heterogeneity and Aggregate Business Services Exports: Micro Evidence from Belgium, France, Germany and Spain Ariu A., Biewen E., Blank S., Gaulier G., González M., Meinen P., Mirza D., Martín C., Tello P.

Monetary policy and financial (in)stability: An integrated micro-macro approach De Graeve F., Kick T., Koetter M.

Withdrawal from foreign lending in the financial crisis by parent banks and their branches and subsidiaries: Supply versus demand effects Frey R., Kerl C., Lipponer A.

Implementing (Un)fair Procedures: Containing Favoritism When Unequal Outcomes are Inevitable Schmidt R., Trautmann S.

An analysis of non-traditional activities at German saving banks – Does the type of fee and commission income matter? Köhler M.

Why Are Interest Rates on Bank Deposits so Low? Busch R., Memmel C.

Patience and long-run growth Hübner M., Vannoorenberghe G.

Bank Profitability, Leverage Constraints, and Risk-Taking Martynova N., Ratnovski L., Vlahu R.

Asset encumbrance, Bank Funding, and Financial Fragility Ahnert T., Anand K., Gai P., Chapman J.

Real-time forecasting of German GDP based on a large factor model with monthly and quarterly data Schumacher C., Breitung J.