What Determines Maturity? An analysis of German Commercial Banks' foreign Assets

Claudia Buch

Applied Financial Economics, 2003, vol. 13, issue 5, 337-351

Abstract: Surges and reversals of short-term foreign liabilities are often held responsible for instabilities in international financial markets. Yet, empirical evidence on the factors determining the maturity of capital flows is scant. This article analyses the determinants of foreign assets of German banks for a panel of up to 73 countries for the years 1985-1997. Cross section estimates show that short- and long-term assets are highly correlated with foreign trade links, which are more important in explaining claims on banks versus claims on non-banks. The presence of financial centres likewise has a positive impact throughout. Evidence on the importance of exchange rate volatility is more mixed.

Date: 2003
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://www.tandfonline.com/doi/abs/10.1080/13504850210128857 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:apfiec:v:13:y:2003:i:5:p:337-351

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RAFE20

DOI: 10.1080/13504850210128857

Access Statistics for this article

Applied Financial Economics is currently edited by Anita Phillips

More articles in Applied Financial Economics from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().