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Hahn, Franz R.
Year of Publication: 
Series/Report no.: 
WIFO Working Papers 392
Theory suggests that the cross-border bank lending flow from rich countries to poor countries is facilitated when lending-related legal and social norms are shared and valued equally by both lenders and borrowers. According to this reasoning the fast adoption of Western-style democracy and market economy principles as established by EU standards by many of the East European "transformation countries" since the early 1990s should have raised cross-border lending by banks based in EU 15 countries to clients resident in new East European EU member countries. Exploring cross-border lending activities of Austrian small- to medium-sized regional banks over the period from 1995 to 2008 with panel and spatial econometric techniques this paper provides evidence that is supportive of this presumption.
panel econometric analysis
spatial econometric analysis
cross-border bank lending
neoclassical economics
Document Type: 
Working Paper

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