Banking across borders has risen substantially over the past two decades. Yet there is significant heterogeneity in the international and global activities of banks across countries. This paper develops and tests a theoretical model that explains this variation from an international trade theory...

Cover -- Title Page -- Copyright -- Contents -- Acknowledgements -- About the Author -- Introduction -- Chapter 1 Prologue: Why Banking? -- Summary -- Introduction -- What Is Banking? -- What Do We Mean by 'Money' Today? -- A Cashless Society Increasingly Emerges -- Key Banking Functions --...

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