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Deutsche Bundesbank, Forschungszentrum, Frankfurt am Main >
Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/19472
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Buch, Claudia M. | | en_US |
| dc.contributor.author | | Lipponer, Alexander | | en_US |
| dc.date.accessioned | | 2009-01-28T15:58:48Z | | - |
| dc.date.available | | 2009-01-28T15:58:48Z | | - |
| dc.date.issued | | 2004 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/19472 | | - |
| dc.description.abstract | | The choice between foreign direct investment (FDI) and exports has been a recurrent theme in the literature on international trade, yet few studies have analysed this choice at the level of the individual firm. This paper uses a new dataset to study the FDI-versus-exports decision for banks. We use data on the foreign direct investment stocks and the cross-border provision of financial services of German banks for the period 1997-2000 to describe the regional pattern of banks' international activities. We find that country- and bank-specific variables capturing size have a major impact on banks' foreign activities. The results are consistent with the hypothesis that the realisation of economies of scale and the provision of trade-related finance shape globalisation patterns. Greater cultural and geographical distance, by contrast, potentially limit the international expansion of banks. Our results also suggest that FDI and cross-border services are complements rather than substitutes. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.relation.ispartofseries | | Discussion paper Series 1 / Volkswirtschaftliches Forschungszentrum der Deutschen Bundesbank 2004,05 | | en_US |
| dc.subject.jel | | F21 | | en_US |
| dc.subject.jel | | F0 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | international banking | | en_US |
| dc.subject.keyword | | gravity equations | | en_US |
| dc.subject.keyword | | foreign direct investment | | en_US |
| dc.subject.keyword | | cross-border financial services | | en_US |
| dc.subject.stw | | Bank | | en_US |
| dc.subject.stw | | Globalisierung | | en_US |
| dc.subject.stw | | Bankgeschäft | | en_US |
| dc.subject.stw | | international | | en_US |
| dc.subject.stw | | Direktinvestition | | en_US |
| dc.subject.stw | | Deutschland | | en_US |
| dc.subject.stw | | Welt | | en_US |
| dc.title | | FDI versus cross-border financial services: The globalisation of German banks | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 385063210 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank
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