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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Globalization of Financial Institutions: Evidence from Cross-Border Banking Performance

Globalization of Financial Institutions: Evidence from Cross-Border Banking Performance

Berger, Allen N.
United States Federal Reserve Board
Et Al

Paperback

General Political Science

ISBN10: 1288717423
ISBN13: 9781288717422
Publisher: Bibliogov
Published: Feb 6 2013
Pages: 120
Weight: 0.50
Height: 0.25 Width: 7.44 Depth: 9.69
Language: English
We address the causes, consequences, and implications of the cross-border consolidation of financial institutions by reviewing several hundred studies, providing comparative international data, and estimating cross-border banking efficiency in France, Germany, Spain, the U.K., and the U.S. during the 1990s. We find that, on average, domestic banks have higher profit efficiency than foreign banks. However, banks from at least one country (the U.S.) appear to operate with relatively high efficiency both at home and abroad. If these results continue to hold, they do not preclude successful international expansion by some financial firms, but they do suggest limits to global consolidation.

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