Template-type: ReDif-Paper 1.0
Author-Name: Heuchemer, Sylvia 
Author-Name: Kleimeier, Stefanie 
Author-Name: Sander, Harald 
Author-workplace-name: METEOR
Title: The Geography of European Cross-Border Banking: The Impact of Cultural and Political Factors
Abstract: We investigate the determinants of European banking market integration with a focus on the potentially limiting role of cultural and political factors. Employing a unique data set of European cross-border loans and deposits, the study uses various gravity models that are augmented by societal proxies. While trade-theoretic reasoning can explain part of the surge in cross-border banking, we demonstrate that distance and borders still matter in the geography of European cross-border banking. Moreover, we can identify cultural differences and different legal family origin as important barriers to integration.
Keywords: Economics (Jel: A)
Series: Research Memoranda
Creation-Date: 2008
Number: 008
File-URL: http://arnop.unimaas.nl/show.cgi?fid=11210
File-Format: application/pdf
File-Size: 298778
Handle: RePEc:unm:umamet:2008008