This paper describes the trends in foreign bank ownership across the world and presents, for the first time, empirical evidence on the causes of multinational banks' withdrawal from other countries. Using maximum likelihood estimation techniques and data on 81 closed foreign bank subsidiaries...

Logit and probit models are widely used in empirical sociological research. However, the widespread practice of comparing the coefficients of a given variable across differently specified models does not warrant the same interpretation in logits and probits as in linear regression. Unlike in...

We propose a new class of state space models for longitudinal discrete response data where the observation equation is specified in an additive form involving both deterministic and random linear predictors. These models allow us to explicitly address the effects of trend, seasonal or other...