Bertay, Ata Can; Demirguc-Kunt, Asli; Huizinga, Harry - C.E.P.R. Discussion Papers - 2011
A bank’s interest expenses are found to increase with its degree of internationalization as proxied by its share of foreign liabilities in total liabilities or a Herfindahl index of international liability concentration, especially if the bank is performing badly. Our benchmark estimation...