A theory of multinational banking
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In this article, a general theory of multinational banking capable of explaining the phenomenon with the help of a few price-theoretic principles is presented, which is useful in the discussion of policy issues raised by the recent rapid growth of multinational banks and by proposed US legislation designed to curb it.Abstract:
The paper represents a first attempt to develop a general theory of multinational banking capable of explaining the phenomenon with the help of a few price-theoretic principles. Such theorising is useful in the discussion of policy issues raised by the recent rapid growth of multinational banking and by proposed US legislation designed to curb it. The basic analytical question regards the source of comparative advantage. Specifically, the author looks at how a bank abroad can profitably offer lower lending and higher borrowing rates than its domestic competitors and thus attract customers away from them. JEL: F23, F40, G21read more
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Service Multinationals: Conceptualization, Measurement and Theory
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Foreign bank activity in the United States: An analysis by country of origin
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The Decision to Establish a Foreign Bank Branch or Subsidiary: An Application of Binary Classification Procedures
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