Foreign-owned Banks: (way) Underestimated - and Volatile - Participants in the U.S. Banking Market
Banking and financial industry participants, analysts, and policy makers appreciate the fact that foreign banks play an important role in the U.S. financial system, but many lack a precise understanding of the size, composition, and impact of the foreign banking sector. In large measure, that vagueness is due to the fact that standard statistical reports on the banking industry, and analyses based on data underlying those reports, have traditionally "under-accounted" for foreign-owned banks in the U.S. The purpose of this study is to explain the nature of this statistical "blind spot," and to suggest how it might best be addressed. The issue is far from trivial. As this study shows, it is crucial from an economic point of view to account fully for foreign-owned banks' presence and activities in the U.S. banking market. That point is driven home by a consideration of the radical changes in foreign banks' U.S. operations over the past decade of extreme turbulence in financial markets. In particular, the study shows that despite the well-documented, large swings in the performance and stability of U.S.-owned domestic banks over the decade surrounding the financial crisis, the volatility of foreign-owned in the U.S. was even more dramatic.
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Volume (Year): 1 (2013)
Issue (Month): 1 ()
|Contact details of provider:|| Postal: 1 More London Place, London SE1 2AF, UK|
Phone: +44 20 7951 2000
Web page: http://www.gfsi.ey.com/
When requesting a correction, please mention this item's handle: RePEc:ris:jofipe:0005. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Prof. Damiano Brigo)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.