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Cross-Border Banking and Transmission Mechanisms: The Case of Europe

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Author Info
Claudia M. Buch

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Abstract

International activities of commercial banks are a potential source for the transmission of shocks across countries. In Europe, bank finance plays a relatively important role, and efforts have been made at creating a level playing field for financial institutions. This paper reviews the stylized facts of the integration of European banking markets and the changing nature of cross-border banking. Although the openness of financial systems has increased, bilateral financial linkages among EU countries remain relatively small. The exception are claims of German banks on a number of smaller countries, and we use these data for an analysis of the determinants of cross-border lending patterns.

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Publisher Info
Paper provided by Kiel Institute for the World Economy in its series Kiel Working Papers with number 1063.

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Length: 76 pages
Date of creation: Jul 2001
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Handle: RePEc:kie:kieliw:1063

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Related research
Keywords: cross-border banking; European integration; transmission of shocks;

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Find related papers by JEL classification:
F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
F42 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Policy Coordination and Transmission
G15 - Financial Economics - - General Financial Markets - - - International Financial Markets

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Full references

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Michele Manna, 2004. "Developing statistical indicators of the integration of the euro area banking system," Working Paper Series 300, European Central Bank. [Downloadable!]
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