Global Integration in the Banking Industry
نویسندگان
چکیده
N O T E . Much of the analysis in this article is based on Allen N. Berger, Qinglei Dai, Steven Ongena, and David C. Smith, "To What Extent Will the Banking Industry Be Globalized? A Study of Bank Nationality and Reach in 20 European Nations,'' Journal of Banking and Finance, vol. 27 (March 2003), pp. 383-415. The authors of the present article thank David Birks for making available the "GlobalCash-Europe96" data and Gregory P. Nini for writing the program that examines syndicated loans. Many observers believe that significant global integration is under way in the banking industry and that, in the coming years, individual banks will expand their reach into many countries. Likewise, these observers expect that many national banking markets will develop large foreign components; as that happens, the nationality of a bank in such a market will matter little to prospective customers.
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