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Working Paper
The determinants of the growth of multinational banking organizations: 1972-86
The paper develops an empirical model to explain growth of total assets of a sample of the world's largest banks. The model was estimated over a period in which U.S. banks' assets grew less rapidly than the assets of large banks headquartered in other industrial countries. The model provides an estimate of the banks' allocation between home currency and foreign currency assets which allows an estimate of the impact of exchange rate exchanges on bank asset growth. ; The results of the model suggest that no single economic variable explains the faster growth of non-U.S. banks. Changes in real ...
Working Paper
A simple simulation model of international bank lending
The paper develops a simple simulation model of international bank lending to test the extent to which targeting of fixed shares in the stock of total bank claims on a borrower can make lending flows unstable. The model is based on three distinct types of lending strategies: potentially volatile lending by one group of banks with limited long-term commitment to international lending; the targeting of a given share of the total lending market; and lending based on an assessment of the borrower's creditworthiness. ; The results of the model's simulations suggest that lending flows can become ...
Working Paper
The U.S. and U.K. activities of Japanese banks: 1980-1988
In addition to dominating the list of the world's largest banks, Japanese banks currently account for about two-fifths of measured international banking assets of all banks. Between year-end 1984 and year-end 1988 Japanese banks accounted for slightly over one-half of the measured growth of total international banking activity. A large proportion of their international assets are at their branches in the United Kingdom and their agency and branch offices in the United States. ; This paper analyzes the U.S. and U.K. activities of Japanese banks. The paper integrates the activities of the ...
