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This chapter provides a broad overview of the upward trends in financial globalization and foreign direct investment and asks whether and how financial globalization is linked with the foreign direct investment decisions of non-financial multinational enterprises. Several potential links and...
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We set up a two-country, regional model of trade in financial services. Competitive firms in each country manufacture non-traded consumer goods in an uncertain productive environment, borrowing funds from a bank in either the home or the foreign market. Duopolistic banks can choose their levels...
Persistent link: https://www.econbiz.de/10011902728
transnational activists and the changing norms and practices of development finance institutions such as the World Bank, some of the … largest commercial banks in the world created a global private regulatory regime - the Equator Principles (“EPs”) — to … measured. Inspired by recent scholarship by regulation scholars of domestic voluntary regimes, the Article explores how …
Persistent link: https://www.econbiz.de/10013109481
The financial crisis has led to a reconsideration of banks' global business models. Using a dataset derived from the BIS banking statistics, this paper studies the geography of global banking. It distinguishes between “international” and “multinational” banks, their respective funding...
Persistent link: https://www.econbiz.de/10013081436
political economy. This paper makes two contributions to the literature on transnational regulation. First, governments and … governments or public regulators. I show that the shift to transnational (private) regulation indeed brought real, substantial … transnational private regulation, which I submit are closely related to the efficiency gains. Here, the existing literature focuses …
Persistent link: https://www.econbiz.de/10014159582
We analyze whether four market-based measures of the global systemic importance of financial institutions offer early warning signals during three financial crises. The tests based on the 2007/2008 crisis show that only one measure (∆CoVaR) consistently adds predictive power to conventional...
Persistent link: https://www.econbiz.de/10013035234
The European single market supported the creation of multinational banking groups. However, the European banking directives and the single license system were built along the model of the stand-alone bank and cannot keep pace with recent market developments. The national character of prudential...
Persistent link: https://www.econbiz.de/10013114138