-country foreign banking provide imperfect substitutes, especially in countries that are corrupt or have weak rule of law. The result …

Modern trade theory emphasizes firm-level productivity differentials to explain the cross-border activities of non …-financial firms. This study tests whether a productivity pecking order also determines international banking activities. Using a novel … factors matter for international banking. Fourth, gravity-type variables have an important impact on international banking …

variation from an international trade theory perspective. In the model, banking across borders arises from differences in factor …Banking across borders has risen substantially over the past two decades. Yet there is significant heterogeneity in the … endowments and differences in banking sector efficiencies between countries. The paper shows how these differences determine …

We study the efficiency of banking regulation under financial integration. Banks freely choose the jurisdiction where …

We examine the impact of various dimensions of financial reform on the likelihood of systemic and non-systemic banking … 2002, our multivariate probit modeling results suggest that conditional on adequate banking supervision, certain dimensions …