Cross-Border Banking and Transmission Mechanisms: The Case of Europe

Claudia Buch

No 1063, Kiel Working Papers from Kiel Institute for the World Economy (IfW Kiel)

Abstract: 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 financial linkages among EU countries remain relatively small. The exception are claims of German banks on a number of smaller countries, and we use these data for an analysis of the determinants of cross-border lending patterns.

Keywords: cross-border banking; European integration; transmission of shocks (search for similar items in EconPapers)
JEL-codes: F36 F42 G15 (search for similar items in EconPapers)
Date: 2001
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:zbw:ifwkwp:1063

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