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http://hdl.handle.net/10419/19472
  

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dc.contributor.authorBuch, Claudia M.en_US
dc.contributor.authorLipponer, Alexanderen_US
dc.date.accessioned2009-01-28T15:58:48Z-
dc.date.available2009-01-28T15:58:48Z-
dc.date.issued2004en_US
dc.identifier.urihttp://hdl.handle.net/10419/19472-
dc.description.abstractThe 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.isoengen_US
dc.relation.ispartofseriesDiscussion paper Series 1 / Volkswirtschaftliches Forschungszentrum der Deutschen Bundesbank 2004,05en_US
dc.subject.jelF21en_US
dc.subject.jelF0en_US
dc.subject.ddc330en_US
dc.subject.keywordinternational bankingen_US
dc.subject.keywordgravity equationsen_US
dc.subject.keywordforeign direct investmenten_US
dc.subject.keywordcross-border financial servicesen_US
dc.subject.stwBanken_US
dc.subject.stwGlobalisierungen_US
dc.subject.stwBankgeschäften_US
dc.subject.stwinternationalen_US
dc.subject.stwDirektinvestitionen_US
dc.subject.stwDeutschlanden_US
dc.subject.stwWelten_US
dc.titleFDI versus cross-border financial services: The globalisation of German banksen_US
dc.typeWorking Paperen_US
dc.identifier.ppn385063210en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:bubdp1:1818-
Appears in Collections:Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank

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