Determinants and dynamics of the geography of global banking: The role of economic, cultural and political factors.

跨境银行业务急剧增加，但双边跨境活动的决定因素和动态尚未得到充分了解。最近的研究表明，地理距离甚至对“没有重量”的银行产品也很重要，因此正在产生一种经济地理学。然而，距离只是所有信息、交易、政治、监管和文化摩擦的不完美代表，这些摩擦阻碍了融合。该项目旨在深入分析跨界银行业务的决定因素和动态。该项目将利用两个独家和保密的数据集，从而在三个重要方面提供新的见解。首先，通过关注全球双边跨境银行业务，可以调查银行地理，特别关注（放松）管制和一体化政策，包括货币联盟的作用。第二，作为这一宏观分析的补充，将利用荷兰分列的银行一级数据进行微观分析，以突出不同银行市场特点的作用。第三，从这两个子研究中获得的见解将用于深入分析当前金融危机中的跨境银行业务。总的来说，该项目将使人们更深入地了解银行业全球化的驱动力，从而对关注金融市场一体化、货币联盟和金融市场稳定的决策者具有重要的指导意义。

Cross-border banking has increased dramatically, yet the determinants and dynamics of bilateral cross-border activities are not fully understood. Recent research shows that geographical distance matters even for “weightless” banking products and is thus producing an economic geography. However, distance is only an imperfect proxy for all informational, transactional, political, regulatory and cultural frictions which act as barriers to integration. This project aims at an in-depth analysis of the determinants and dynamics of cross-border banking. The project will utilize two exclusive and confidential data sets and thus provide new insights in three important ways. Firstly, by focussing on global bilateral cross-border banking, banking geography can be investigated with a specific focus on (de)regulation and integration policies including the role of currency unions. Secondly, complementary to this macro-analysis a micro-analysis will be conducted using Dutch disaggregated bank-level data to highlight the role of different banking market characteristics. Thirdly, the insights obtained from these two sub-studies will be utilized for an in-depth analysis of cross-border banking with respect to the current financial crisis. Overall, the project will provide a deeper understanding of the driving forces of globalization in banking and will thus be of significant guidance to policy makers concerned with financial market integration, currency unions and financial market stability.