publication . Preprint . Report . Part of book or chapter of book . 1994

Cross-Border Banking

L.D. Wall;
Open Access
  • Published: 01 Mar 1994
The banking systems of some countries export intermediation services to the rest of the world, while many other countries are net exporters of deposits to banks abroad and net importers of loans from banks abroad. Banking center countries typically have lower inflation, deeper financial systems, earn less government revenue from seigniorage, and have lower reserve money relative to bank assets than nonbanking-center countries. This paper develops a stylized model of regulated bank intermediation to examine the role of national monetary policy in determining the international competitiveness of a national banking system. Monetary policy takes the form of controll...
free text keywords: jel:F23, Seigniorage, Monetary base, Business, Intermediation, Monetary economics, Monetary reform, Inflation tax, Inflation, media_common.quotation_subject, media_common, Reserve requirement, Monetary policy, Financial system

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