Working Paper
To what extent will the banking industry be globalized? a study of bank nationality and reach in 20 European nations
Smith, David C.; Ongena, Steven; Dai, Qinglei; Berger, Allen N. (2002)
We model two dimensions of bank globalization -- bank nationality (a bank from the firm's host nation, its home nation, or a third nation) and bank reach (a global, regional, or local bank) using a two-stage nested multinomial logit model. Our data set includes over 2,000 foreign affiliates of multinational corporations operating in 20 European nations. We find that these firms frequently use host nation banks for cash management services, and that bank reach may be strongly influenced by this choice of bank nationality. Our results suggest limits to the degree of future bank globalization.
Finance and Economics Discussion Series , Paper 2002-25

Working Paper
To what extent will the banking industry be globalized? a study of bank nationality and reach in 20 European nations
Smith, David C.; Ongena, Steven; Dai, Qinglei; Berger, Allen N. (2002)
We model two dimensions of bank globalization -- bank nationality (a bank from the firm's host nation, its home nation, or a third nation) and bank reach (a global, regional, or local bank) -- using a two-stage nested multinomial logit model. Our data set includes over 2,000 foreign affiliates of multinational corporations operating in 20 European nations. We find that these firms frequently use host nation banks for cash management services, and that bank reach may be strongly influenced by this choice of bank nationality. Our results suggest limits to the degree of future bank globalization.
International Finance Discussion Papers , Paper 725