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Changes in bank specialisation: comparing foreign subsidiaries and branches in Luxembourg

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Author Info

  • Claudia Curi

    ()

  • Paolo Guarda

    ()

  • Valentin Zelenyuk

    ()

Abstract

Presumably, foreign banks open subsidiaries and branches in Luxembourg to perform different tasks. This paper studies the balance sheet structure of banks in Luxembourg, testing for differences across groups and across periods. Non-parametric methods yield several findings. First, specialisation and heterogeneity vary across years as well as across different market segments. Second, comparing subsidiaries and branches, estimated distributions across banks have been relatively similar for Interbank Loans but have become rather different for Interbank Deposits. For Customer Loans and Customer Deposits, the differences across groups are generally greater, especially for Customer Deposits. Third, in 2009 the financial crisis generally sharpened the differences between subsidiaries and branches for all variables considered. Fourth, long-term changes between 1995 and 2007 appeared to be temporarily?) reversed between 2007 and 2009 by the financial crisis.

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File URL: http://www.bcl.lu/fr/publications/cahiers_etudes/67/BCLWP067.pdf
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Bibliographic Info

Paper provided by Central Bank of Luxembourg in its series BCL working papers with number 67.

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Length: 50 pages
Date of creation: Oct 2011
Date of revision:
Handle: RePEc:bcl:bclwop:bclwp067

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Web page: http://www.bcl.lu/

Related research

Keywords: Luxembourg Banks; Banking activities; Convergence; Distribution Dynamics; Non-Parametric kernel;

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  1. Oleg Badunenko & Daniel J. Henderson & Valentin Zelenyuk, 2007. "Technological Change and Transition: Relative Contributions to Worldwide Growth during the 1990s," Discussion Papers of DIW Berlin 740, DIW Berlin, German Institute for Economic Research.
  2. Leopold Simar & Valentin Zelenyuk, 2006. "On Testing Equality of Distributions of Technical Efficiency Scores," Econometric Reviews, Taylor & Francis Journals, vol. 25(4), pages 497-522.
  3. Daniel J. Henderson & R. Robert Russell, 2005. "Human Capital And Convergence: A Production-Frontier Approach ," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 46(4), pages 1167-1205, November.
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