Showing 1 - 10 of 12
One key focus of the on-going debate on the integration of international financial markets have been measures to lengthen the maturity of foreign debt. Short-term debt is typically considered to be volatile and thus a potential trigger of currency crises. In contrast to the vivid policy debate...
Persistent link: https://www.econbiz.de/10010260432
Persistent link: https://www.econbiz.de/10010275166
Persistent link: https://www.econbiz.de/10010275327
Banking and balance of payments crises often happen quite simultaneously. We show that the impact of an expected devaluation on the net worth of commercial banks with a short open foreign exchange position speeds up the timing of a balance of payments crisis. We employ an asymmetric information...
Persistent link: https://www.econbiz.de/10010275494
Persistent link: https://www.econbiz.de/10010275637
The German banking market is notorious for its low degree of market penetration by foreign financial institutions, suggesting that markets serviced by domestic and foreign banks are segmented. This paper employs a number of tests to determine whether activities of domestic and foreign banks are...
Persistent link: https://www.econbiz.de/10010260426
enhances the incentives of banks to expand within Euroland. Yet, while the currency bias in bank portfolios will be eliminated …
Persistent link: https://www.econbiz.de/10010260522
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/10010260539
,300 mergers that took place between 1978 and 2001 to analyse the determinants of international bank mergers. We test the extent to … regulated environments are less likely to be the targets of international bank mergers. Hence, the lifting of regulations can … spur growth in cross-border bank mergers. Also, mergers tend to be less frequent if information costs are high. …
Persistent link: https://www.econbiz.de/10010260608
Europe, bank finance plays a relatively important role, and efforts have been made at creating a level playing field for …
Persistent link: https://www.econbiz.de/10010260615