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Domestic and Foreign Banks in Germany: Do They Differ?
Buch, Claudia M. | Golder, Stefan M.
Credit and Capital Markets – Kredit und Kapital, Vol. 35 (2002), Iss. 1 : pp. 19–53
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Claudia M. Buch, Kiel
Stefan M. Golder, Zürich
References
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Amel, D. F./Hannan, T. H. (1999): Establishing Banking Market Definitions Through Estimation of Residual Deposit Supply Equations, Journal of Banking and Finance 23, 1667-1690.
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Buch, C. M./Golder, S. M. (2000): Foreign Competition and Disintermediation: No Threat to the German Banking System?, Banca Nazionale del Lavoro (BNL) Quarterly Review (forthcoming).
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Abstract
The German banking market is notorious for its low degree of market penetration by foreign financial institutions, suggesting that markets serviced by domestic and foreign banks are segmented. This paper employs a number of tests to determine whether activities of domestic and foreign banks are related. Using data for the years 1986-1999, we fail to find evidence for similarities in the activities of domestic and foreign banks. This holds across the two types of domestic banks (large and savings banks) and across four different activities (loans and deposits of banks and non-banks) considered. (JEL G15, G21, G24, G32)