E(M)U effects in global cross-border banking

H. Sander, S. Kleimeier, S. Heuchemer

Research output: Contribution to journalArticleAcademicpeer-review

Abstract

We demonstrate that the European Monetary Union (EMU) increases cross-border depositing but not lending among EMU countries by 31%. While being a member of the European Union (EU) increases cross-border loans by 49%, cross-border deposit volumes are unaffected. (C) 2012 Elsevier B.V. All rights reserved.
Original languageEnglish
Pages (from-to)91-93
Number of pages3
JournalEconomics Letters
Volume118
Issue number1
DOIs
Publication statusPublished - 1 Jan 2013

Keywords

  • Cross-border banking
  • Common currency effects
  • Banking market integration
  • Gravity model
  • TRADE

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