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Cross-Border Retail Banking: Exploring the Unknown Financial Globalization in Times of Financial Crises


  • Harald Sander

    () (Cologne University of Applied Sciences, Faculty of Economics and Business Administration, Claudiusstrasse 1, 50678 Cologne, Germany and Maastricht School of Management, Endepolsdomein 150, 6229 EP Maastricht, The Netherlands)

  • Stefanie Kleimeier

    () (Maastricht University, School of Business and Economics, Tongersestraat 53, 6211 LM Maastricht, The Netherlands)


The surge in cross-border banking prior to the 2007 / 08 global financial crisis took place not only in the interbank market but also in the retail market, e.?g. between banks and their private customers abroad. Cross-border retail activities of banks now account for a substantial share of total international activities. Despite its rising importance, we are just starting to understand the role of crossborder retail banking for globalization and stability. In this study, we assess this less known part of financial globalization by reviewing the development and structure of cross-border banking, identifying the factors that drive retail customers across borders and assessing the impact of financial crises on global retail banking.

Suggested Citation

  • Harald Sander & Stefanie Kleimeier, 2013. "Cross-Border Retail Banking: Exploring the Unknown Financial Globalization in Times of Financial Crises," Credit and Capital Markets, Credit and Capital Markets, vol. 46(2), pages 247-274.
  • Handle: RePEc:kuk:journl:v:46:y:2013:i:2:p:247-274

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    More about this item


    cross-border retail banking; banking geography; banking crisis; currency crisis; currency union; free trade areas; culture;

    JEL classification:

    • F3 - International Economics - - International Finance
    • F15 - International Economics - - Trade - - - Economic Integration
    • F65 - International Economics - - Economic Impacts of Globalization - - - Finance
    • G01 - Financial Economics - - General - - - Financial Crises
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages


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