Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/65861 
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dc.contributor.authorBöninghausen, Benjaminen
dc.contributor.authorKöhler, Matthiasen
dc.date.accessioned2012-11-05-
dc.date.accessioned2012-11-05T12:30:48Z-
dc.date.available2012-11-05T12:30:48Z-
dc.date.issued2012-
dc.identifier.isbn978-3-86558-856-2en
dc.identifier.urihttp://hdl.handle.net/10419/65861-
dc.description.abstractThis paper examines the international credit portfolios of German banks. We construct a bank-country panel from a unique dataset for a representative set of countries and ask why banks leave diversification opportunities unexploited in some countries. Controlling for bank heterogeneity, we analyse the deviations of actual portfolios from a mean-variance based benchmark and their country-level determinants. Our results show that banking regulations are important determinants of the credit allocation of German banks. We present robust evidence that countries with stricter capital adequacy and entry requirements tend to be overweighted, primarily due to excess profits resulting from a lower level of banking market competition. German banks also overweight countries with larger and more developed banking markets. Moreover, we find support that German banks follow their domestic customers abroad to maintain existing lending relationships. Geographical factors, in contrast, do not seem to matter. Our findings suggest that changes in and convergence of banking regulations as well as financial deepening of banking sectors around the world may, in the long term, result in banks holding more diversified international credit portfolios.en
dc.language.isoengen
dc.publisher|aDeutsche Bundesbank |cFrankfurt a. M.en
dc.relation.ispartofseries|aBundesbank Discussion Paper |x28/2012en
dc.subject.jelG21en
dc.subject.jelG11en
dc.subject.jelF36en
dc.subject.jelF21en
dc.subject.ddc330en
dc.subject.keywordinternational bankingen
dc.subject.keywordinternational financial integrationen
dc.subject.keywordportfolio choiceen
dc.titleDiversification and determinants of international credit portfolios: Evidence from German banks-
dc.typeWorking Paperen
dc.identifier.ppn729177734en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:bubdps:282012en

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