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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/17915| Title: | What Determines Maturity? : An Analysis for Foreign Assets of German Commercial Banks |
| Keywords: | F21 G21 F23 ddc:330 foreign asset demand maturity regulations Germany panel cointegration Internationale Kapitalmobilität Dauer Bank Auslandsvermögen Portfolio-Investition Kapitalexport Schätzung Deutschland Welt |
| Issue Date: | 16-Oct-2013 |
| Publisher: | Kiel Institute for the World Economy (IfW) Kiel |
| Description: | Surges and reversals of short-term foreign liabilities are often held responsible for instabilities in international financial markets. Yet, empirical evidence on the factors determining the maturity of capital flows is scant. This paper analyzes the determinants of foreign assets of German banks for a panel of up to 73 countries for the years 1985?1997. Cross section estimates show that short- and long-term assets are highly correlated with foreign trade links but not necessarily with variables capturing regulatory restrictions. Trade activities are more important in explaining claims on banks versus non-banks. There is some evidence for a negative impact of exchange rate volatility on the share of short-term assets. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/17915 |
| Other Identifiers: | http://hdl.handle.net/10419/17915 ppn:312685572 |
| Appears in Collections: | EconStor |
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