The banking systems of some countries export intermediation services to the rest of the world, while many other … money relative to bank assets than nonbanking-center countries. This paper develops a stylized model of regulated bank … intermediation to examine the role of national monetary policy in determining the international competitiveness of a national banking …

The paper analyzes the effects of changes to regulatory policy and to monetary policy on cross-border bank lending … since the global financial crisis. Cross-border bank lending has decreased, and the home bias in the credit portfolio of … importance of regulatory arbitrage as a driver of cross-border bank flows since the global financial crisis. However, in the euro …