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undiversified portfolios might no longer be systemic from the standpoint of large international banks. ; Argentina's experience … shows that the presence of international banks was not enough to prevent local banking crises and sizable losses to … benefits of international portfolio diversification because international banks have limited liability, at least under some …
Persistent link: https://www.econbiz.de/10005360996
Persistent link: https://www.econbiz.de/10005361010
Persistent link: https://www.econbiz.de/10005361242
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...
Persistent link: https://www.econbiz.de/10005361482
The effect of the unification of the European banking market on the efficiency of the allocation of capital across Europe depends on the economic forces behind banking structure. Such forces are not well understood. The paper discusses a conceptual framework for analyzing financial services...
Persistent link: https://www.econbiz.de/10005368145
The paper develops an empirical model to explain growth of total assets of a sample of the world's largest banks. The model was estimated over a period in which U.S. banks' assets grew less rapidly than the assets of large banks headquartered in other industrial countries. The model provides an...
Persistent link: https://www.econbiz.de/10005368167
regarding international trade in financial services. ; The first section of the paper presents a brief historical survey of the …
Persistent link: https://www.econbiz.de/10005368188
The Federal Reserve Board permitted banking offices located in the United States to establish International Banking … evaluated in relation to activities in other international banking centers. The paper concludes that IBFs have not turned out to …
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
-border acquisitions between 1994 and 2003 to analyze the characteristics and performance effects of international takeovers on target …
Persistent link: https://www.econbiz.de/10005372540