Bank cost of capital and international competition
Steven A. Zimmer and
Robert McCauley ()
Quarterly Review, 1990, issue Win, 33-59
The rising share of U.S. corporate loans booked by foreign-owned banks and the withdrawal of U.S. banks from foreign lending raise concerns about the competitiveness of U.S. banks. This article investigates how differential capital costs may have placed U.S. banks at a disadvantage relative to their foreign competitors. The authors compare the capital costs facing commercial banks in the United States and five other industrial countries and present explanations for the observed differences.
Keywords: Bank capital; Bank competition; International finance (search for similar items in EconPapers)
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