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Banking crises have been a recurrent phenomenon in Latin America over the past few decades. Some have argued that the internationalization of the banking sector has ushered in a new era: what used to be systemic risk from the perspective of local banks with undiversified portfolios might no...
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This paper analyzes the causes and consequences of offshore financial centers (OFCs). Since OFCs are likely to be tax havens and money launderers, they encourage bad behavior in source countries. Nevertheless, OFCs may also have unintended positive consequences for their neighbors, since they...
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The effect of the unification of the European banking market on the efficiency of the allocation of capital across … regulatory, barriers to capital mobility. In the light of this conceptual framework and the empirical results, the likely effect … of European integration on real capital mobility and efficiency of banking markets is discussed. …
Persistent link: https://www.econbiz.de/10005368145
, suggesting that various factors including pressure by bank regulators to increase capital ratios and asset quality questions may …
Persistent link: https://www.econbiz.de/10005368167
capital within the Community by the target date of December 31, 1992. This paper provides a comprehensive description and … Financial Area," a term used by the EC Commission to refer to both the removal of barriers to capital movements and the …
Persistent link: https://www.econbiz.de/10005368188
The Federal Reserve Board permitted banking offices located in the United States to establish International Banking Facilities (IBFs) beginning in December 1981. The purpose was to allow these banking offices to conduct a deposit and loan business with foreign residents, including foreign banks,...
Persistent link: https://www.econbiz.de/10005368523
We model two dimensions of bank globalization -- bank nationality (a bank from the firm's host nation, its home nation, or a third nation) and bank reach (a global, regional, or local bank) -- using a two-stage nested multinomial logit model. Our data set includes over 2,000 foreign affiliates...
Persistent link: https://www.econbiz.de/10005372527