Publication
Jul 2001
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 fi- nancial linkages among EU countries remain relatively small. The exception are claims of Ger- man banks on a number of smaller countries, and we use these data for an analysis of the de- terminants of cross-border lending patterns.
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English (PDF, 76 pages, 286 KB) |
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Author | Claudia M Buch |
Series | Kiel Institute Working Papers |
Issue | 1063 |
Publisher | Kiel Institute for the World Economy |
Copyright | © 2001 Kiel Institute for the World Economy |