Should cross-border banking benefit from the financial safety net?

Name: Should cross-border banking benefit from the financial safety net?
Author: Bertay, Ata Can, Demirgüç-Kunt, A., Huizinga, H.

İsim	Should cross-border banking benefit from the financial safety net?
Yazar	Bertay, Ata Can, Demirgüç-Kunt, A., Huizinga, H.
Basım Tarihi:	2016
Basım Yeri	- Elsevier
Konu	Bank bailouts, International burden sharing, Cross-border banking
Tür	Süreli Yayın
Dil	İngilizce
Dijital	Evet
Yazma	Hayır
Kütüphane:	Özyeğin Üniversitesi
Demirbaş Numarası	1042-9573
Kayıt Numarası	bbcda951-5a3a-43fc-a232-e4d2698270b2
Lokasyon	International Finance
Tarih	2016
Örnek Metin	Using bank-level data from 84 countries, we find that a higher degree of bank internationalization is associated with higher interest expenses. Internationalization is proxied by a bank's share of foreign liabilities in total liabilities or a Herfindahl index of international liability concentration. Bank interest expenses rise relatively more with internationalization if the bank is underperforming or headquartered in a country with weak public finances, and especially at times of weak world output growth. These results suggest that liability holders of distressed internationalized banks expect less from the financial safety net since lack of an efficient recovery and resolution regime for international banks can make their insolvency very costly to deal with.
DOI	10.1016/j.jfi.2016.05.005

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Should cross-border banking benefit from the financial safety net?

Yazar Bertay, Ata Can, Demirgüç-Kunt, A., Huizinga, H.

Basım Tarihi 2016

Basım Yeri - Elsevier

Konu Bank bailouts, International burden sharing, Cross-border banking

Tür Süreli Yayın

Dil İngilizce

Dijital Evet

Yazma Hayır

Kütüphane Özyeğin Üniversitesi

Demirbaş Numarası 1042-9573

Kayıt Numarası bbcda951-5a3a-43fc-a232-e4d2698270b2

Lokasyon International Finance

Tarih 2016

Örnek Metin Using bank-level data from 84 countries, we find that a higher degree of bank internationalization is associated with higher interest expenses. Internationalization is proxied by a bank's share of foreign liabilities in total liabilities or a Herfindahl index of international liability concentration. Bank interest expenses rise relatively more with internationalization if the bank is underperforming or headquartered in a country with weak public finances, and especially at times of weak world output growth. These results suggest that liability holders of distressed internationalized banks expect less from the financial safety net since lack of an efficient recovery and resolution regime for international banks can make their insolvency very costly to deal with.

DOI 10.1016/j.jfi.2016.05.005