Kiel Working Papers, Kiel Institute for World Economics
No 1063:
Cross-Border Banking and Transmission Mechanisms: The Case of Europe
Claudia M. Buch
Abstract: International activities of commercial banks are a
potential source for the transmission of shocks across countries. In
Europe, bank finance plays a relatively important role, and efforts have
been made at creating a level playing field for financial institutions.
This paper reviews the stylized facts of the integration of European
banking markets and the changing nature of cross-border banking. Although
the openness of financial systems has increased, bilateral financial
linkages among EU countries remain relatively small. The exception are
claims of German banks on a number of smaller countries, and we use these
data for an analysis of the determinants of cross-border lending
patterns.
Keywords: cross-border banking, European integration, transmission of shocks; (follow links to similar papers)
JEL-Codes: F36; F42; G15; (follow links to similar papers)
76 pages, July 2001
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