Please use this identifier to cite or link to this item: http://dspace.mediu.edu.my:8181/xmlui/handle/10419/19472
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dc.creatorBuch, Claudia M.-
dc.creatorLipponer, Alexander-
dc.date2004-
dc.date.accessioned2013-10-16T07:05:10Z-
dc.date.available2013-10-16T07:05:10Z-
dc.date.issued2013-10-16-
dc.identifierhttp://hdl.handle.net/10419/19472-
dc.identifierppn:385063210-
dc.identifierRePEc:zbw:bubdp1:1818-
dc.identifier.urihttp://koha.mediu.edu.my:8181/xmlui/handle/10419/19472-
dc.descriptionThe 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.-
dc.languageeng-
dc.relationDiscussion paper Series 1 / Volkswirtschaftliches Forschungszentrum der Deutschen Bundesbank 2004,05-
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.subjectF21-
dc.subjectF0-
dc.subjectddc:330-
dc.subjectinternational banking-
dc.subjectgravity equations-
dc.subjectforeign direct investment-
dc.subjectcross-border financial services-
dc.subjectBank-
dc.subjectGlobalisierung-
dc.subjectBankgeschäft-
dc.subjectinternational-
dc.subjectDirektinvestition-
dc.subjectDeutschland-
dc.subjectWelt-
dc.titleFDI versus cross-border financial services: The globalisation of German banks-
dc.typedoc-type:workingPaper-
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