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If the technological revolution which has taken place over the past decades has lowered information costs and if information costs increase in distance, distance should - ceteris paribus - become less important in determining international bank lending. We are using a dataset on assets and...
Persistent link: https://www.econbiz.de/10011474062
This paper provides empirical evidence on the determinants of foreign activities of German banks. We use regionally disaggregated panel data for the years 1981-98 and distinguish foreign direct investment from total foreign assets of domestic banks, of their foreign branches and their...
Persistent link: https://www.econbiz.de/10011475868
Although domestic mergers and acquisitions (M&As) in the financial services industry have increased steadily over the past two decades, international M&As were relatively rare until recently. This paper uses a novel dataset of over 2,300 mergers that took place between 1978 and 2001 to analyse...
Persistent link: https://www.econbiz.de/10011476366
Surges and reversals of short-term foreign liabilities are often held responsible for instabilities in international financial markets. Yet, empirical evidence on the factors determining the maturity of capital flows is scant. This paper analyzes the determinants of foreign assets of German...
Persistent link: https://www.econbiz.de/10011476909
Over the past decades, banks have significantly increased their cross-border asset positions. The ongoing crisis on international financial markets has raised the question whether this increase in cross-border activities has allowed banks to diversify risks and to what extent it has increased...
Persistent link: https://www.econbiz.de/10011387108
Persistent link: https://www.econbiz.de/10011814786
models of banking. Using a model with banks of heterogenous size who charge endogenous markups, we show under which … conditions granular effects emerge. Second, we empirically assess the relevance of granularity effects in banking using a linked … micro-macro dataset of more than 80 countries for the years 1996-2009. We show that the banking sector is granular, i.e. the …
Persistent link: https://www.econbiz.de/10010336792
. While the main focus of the empirical work is on banking industry, results are yet informative also with regard to …
Persistent link: https://www.econbiz.de/10001780267
Persistent link: https://www.econbiz.de/10001455707
Persistent link: https://www.econbiz.de/10001541442