Zimmer, Steven A.; McCauley, Robert N. - In: Quarterly Review (1990) Win, pp. 33-59
The rising share of U.S. corporate loans booked by foreign-owned banks and the withdrawal of U.S. banks from foreign lending raise concerns about the competitiveness of U.S. banks. This article investigates how differential capital costs may have placed U.S. banks at a disadvantage relative to...
