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ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München >
CESifo Working Papers, CESifo Group Munich >
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http://hdl.handle.net/10419/26324
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| Title: | | Integrating with their feet: cross-border lending at the German-Austrian border  |
| Authors: | | Fidrmuc, Jarko Hainz, Christa |
| Issue Date: | | 2008 |
| Series/Report no.: | | CESifo working paper 2279 |
| Abstract: | | The financial integration in Europe concentrates on cross-border mergers rather than cross-border lending and emphasizes the need for harmonizing bank regulation and supervision. We study the impact of cross-border lending in a theoretical model where banks acquire either hard or soft information of borrowing firms. We test the models predictions using the ifo business climate survey that reports the perceptions of German firms credit availability between 2003 and 2006. Our results show that distance matters for cross-border lending, especially for the SMEs. In contrast to the policy of harmonization, differences in bank regulations may have speeded up the cross-border lending. |
| Subjects: | | financial integration SMEs banking supervision business surveys threshold analysis |
| JEL: | | G18 G21 C25 |
| Document Type: | | Working Paper |
| Appears in Collections: | | CESifo Working Papers, CESifo Group Munich
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