| dc.creator |
Buch, Claudia M. |
|
| dc.creator |
Lipponer, Alexander |
|
| dc.date |
2004 |
|
| dc.date.accessioned |
2013-10-16T07:05:10Z |
|
| dc.date.available |
2013-10-16T07:05:10Z |
|
| dc.date.issued |
2013-10-16 |
|
| dc.identifier |
http://hdl.handle.net/10419/19472 |
|
| dc.identifier |
ppn:385063210 |
|
| dc.identifier |
RePEc:zbw:bubdp1:1818 |
|
| dc.identifier.uri |
http://koha.mediu.edu.my:8181/xmlui/handle/10419/19472 |
|
| dc.description |
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. |
|
| dc.language |
eng |
|
| dc.relation |
Discussion paper Series 1 / Volkswirtschaftliches Forschungszentrum der Deutschen Bundesbank 2004,05 |
|
| dc.rights |
http://www.econstor.eu/dspace/Nutzungsbedingungen |
|
| dc.subject |
F21 |
|
| dc.subject |
F0 |
|
| dc.subject |
ddc:330 |
|
| dc.subject |
international banking |
|
| dc.subject |
gravity equations |
|
| dc.subject |
foreign direct investment |
|
| dc.subject |
cross-border financial services |
|
| dc.subject |
Bank |
|
| dc.subject |
Globalisierung |
|
| dc.subject |
Bankgeschäft |
|
| dc.subject |
international |
|
| dc.subject |
Direktinvestition |
|
| dc.subject |
Deutschland |
|
| dc.subject |
Welt |
|
| dc.title |
FDI versus cross-border financial services: The globalisation of German banks |
|
| dc.type |
doc-type:workingPaper |
|