| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP11951 |
| DP11951 International Expansion and Riskiness of Banks | |
| Ester Faia; Gianmarco Ottaviano | |
| 发表日期 | 2017-04-03 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | We exploit an original dataset on European G-SIBs to assess how banks’ internationalization affects risk in the banking sector. We find a robust negative correlation between foreign expansion and banking risk as captured by various individual bank and systemic risk metrics. An IV strategy based on gravity regressions allows us to conclude that in our sample there is strong evidence that banks’ foreign expansion reduces risk, both from an individual bank and a systemic viewpoint. This reduction is associated with better asset diversification with no evidence of any relevant detrimental effect of possible regulatory arbitrage. |
| 主题 | Financial Economics ; International Macroeconomics and Finance ; International Trade and Regional Economics |
| 关键词 | Banks’ risk Systemic risk Global expansion Competition Diversification Regulation |
| URL | https://cepr.org/publications/dp11951 |
| 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/540763 |
| 推荐引用方式 GB/T 7714 | Ester Faia,Gianmarco Ottaviano. DP11951 International Expansion and Riskiness of Banks. 2017. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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