Please use this identifier to cite or link to this item:
https://hdl.handle.net/10419/19472
Full metadata record
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Buch, Claudia M. | en |
dc.contributor.author | Lipponer, Alexander | en |
dc.date.accessioned | 2009-01-28T15:58:48Z | - |
dc.date.available | 2009-01-28T15:58:48Z | - |
dc.date.issued | 2004 | - |
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 |
dc.language.iso | eng | en |
dc.publisher | |aDeutsche Bundesbank |cFrankfurt a. M. | en |
dc.relation.ispartofseries | |aDiscussion Paper Series 1 |x2004,05 | en |
dc.subject.jel | F21 | en |
dc.subject.jel | F0 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | international banking | en |
dc.subject.keyword | gravity equations | en |
dc.subject.keyword | foreign direct investment | en |
dc.subject.keyword | cross-border financial services | en |
dc.subject.stw | Bank | en |
dc.subject.stw | Globalisierung | en |
dc.subject.stw | Bankgeschäft | en |
dc.subject.stw | international | en |
dc.subject.stw | Direktinvestition | en |
dc.subject.stw | Deutschland | en |
dc.subject.stw | Welt | en |
dc.title | FDI versus cross-border financial services: The globalisation of German banks | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 385063210 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
dc.identifier.repec | RePEc:zbw:bubdp1:1818 | en |
Files in This Item:
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.