| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP8712 |
| DP8712 Is the Financial Safety Net a Barrier to Cross-Border Banking? | |
| Harry Huizinga; Asli Demirgüç-Kunt; Ata Bertay | |
| 发表日期 | 2011-12-01 |
| 出版年 | 2011 |
| 语种 | 英语 |
| 摘要 | A bank?s interest expenses are found to increase with its degree of internationalization as proxied by its share of foreign liabilities in total liabilities or a Herfindahl index of international liability concentration, especially if the bank is performing badly. Our benchmark estimation suggests that an international bank?s cost of funds raised through a foreign subsidiary is between 1.5% and 2.4% higher than the cost of funds for a purely domestic bank, which is a sizeable difference given an overall mean cost of funds of 3.3%. These results are consistent with limited incentives for national authorities to bail out an international bank, but also with an international bank recovery and resolution process that is inefficient. In any event, the operation of the financial safety net appears to be a barrier to cross-border banking. |
| 主题 | Public Economics |
| 关键词 | Bank bailouts Cross-border banking International burden sharing |
| URL | https://cepr.org/publications/dp8712 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/537547 |
| 推荐引用方式 GB/T 7714 | Harry Huizinga,Asli Demirgüç-Kunt,Ata Bertay. DP8712 Is the Financial Safety Net a Barrier to Cross-Border Banking?. 2011. |
| 条目包含的文件 | 条目无相关文件。 | |||||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
