Geography, Institutions and Principles. Bits and Pieces of Empirical Evidence from Small-scale Banking
AbstractTheory suggests that the cross-border bank lending flow from rich countries to poor countries is facilitated when lending-related legal and social norms are shared and valued equally by both lenders and borrowers. According to this reasoning the fast adoption of Western-style democracy and market economy principles as established by EU standards by many of the East European "transformation countries" since the early 1990s should have raised cross-border lending by banks based in EU 15 countries to clients resident in new East European EU member countries. Exploring cross-border lending activities of Austrian small- to medium-sized regional banks over the period from 1995 to 2008 with panel and spatial econometric techniques this paper provides evidence that is supportive of this presumption.
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Bibliographic InfoPaper provided by WIFO in its series WIFO Working Papers with number 392.
Length: 27 pages
Date of creation: 04 Apr 2011
Date of revision:
panel econometric analysis; spatial econometric analysis; cross-border bank lending; institutions; neoclassical economics;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-06-25 (All new papers)
- NEP-GEO-2011-06-25 (Economic Geography)
- NEP-TRA-2011-06-25 (Transition Economics)
- NEP-URE-2011-06-25 (Urban & Real Estate Economics)
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