Clustering or Competition? The Foreign Investment Behavior of German Banks
Claudia M. Buch, A. Lipponer
International Journal of Central Banking,
2006
Abstract
Banks often concentrate their foreign direct investment (FDI) in certain countries. This clustering of activities could reflect either the attractiveness of a particular country or agglomeration effects. To find out which of the two phenomena dominates, we need to control for country-specific factors. We use new bank-level data on German banks’ FDI for the 1996-2003 period.We test whether the presence of other banks has a positive impact on the entry of new banks. Once we control for the attractiveness of a country through fixed effects, the negative impact of competition dominates. Hence, pure clustering effects are rather unimportant.
Read article
After the Asian Crisis. Schumpeter and Reconstruction
Toshihiko Hozumi, Karl Wohlmuth, Tobias Knedlik
,
2003
Abstract
Read article
Regionale Strukturpolitik der EU nach 2006. Positionspapier aus der Akademie für Raumforschung und Landesplanung (ARL), Nr. 53. Hannover 2003
H. Zimmermann, H.-U. Jung, M. Pohl, Rainer Danielzyk, Martin T. W. Rosenfeld
,
2003
Abstract
Read article
Tracing technological change over long periods in Germany in chemicals using patent statistics.
Iciar Dominguez Lacasa, Hariolf Grupp, U. Schmoch
Scientometrics,
No. 2,
2003
Abstract
Read article
Money Stock, Monetary Base and Bank Behaviour in Germany
Oliver Holtemöller
Jahrbücher für Nationalökonomie und Statistik,
2003
Abstract
Read article
Information or Regulation: What Drives the International Activities of Commercial Banks?
Claudia M. Buch
Journal of Money Credit,
No. 6,
2003
Abstract
Information costs and regulatory barriers distinguish international financial markets from national ones. Using panel data on bilateral assets and liabilities of commercial banks, I empirically determine the impact of information, costs and regulations, and I isolate intra-EU financial linkages. I confirm that information costs and regulations are important factors influencing international asset choices of banks, but their relative importance differs among countries.
Read article
Further VAR Evidence for the Effectiveness of a Credit Channel in Germany
Oliver Holtemöller
Applied Economics Quarterly 49,
2003
Abstract
Read article
Where do we go? Common Policies in an Enlarged European Union – The Case of Social Policy
Götz Zeddies
Unification of European Economies: Opportunities and Threats,
2004
Abstract
Read article
Money and Prices: An I(2) Analysis for the Euro Area
Oliver Holtemöller
SFB 373 Discussion Paper 12/2002,
2002
Abstract
Read article
Die Transformation in Ostdeutschland als entwicklungsökonomisches Phänomen
Ulrich Blum, Simone Scharfe
List Forum für Wirtschafts- und Finanzpolitik 28,
2002
Abstract
Read article
