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dc.contributor.authorBertay, Ata Can
dc.contributor.authorDemirgüç-Kunt, A.
dc.contributor.authorHuizinga, H.
dc.date.accessioned2016-06-28T05:27:13Z
dc.date.available2016-06-28T05:27:13Z
dc.date.issued2016
dc.identifier.issn1042-9573
dc.identifier.urihttp://hdl.handle.net/10679/4053
dc.identifier.urihttp://www.sciencedirect.com/science/article/pii/S1042957316300134
dc.description.abstractUsing bank-level data from 84 countries, we find that a higher degree of bank internationalization is associated with higher interest expenses. Internationalization is proxied by a bank's share of foreign liabilities in total liabilities or a Herfindahl index of international liability concentration. Bank interest expenses rise relatively more with internationalization if the bank is underperforming or headquartered in a country with weak public finances, and especially at times of weak world output growth. These results suggest that liability holders of distressed internationalized banks expect less from the financial safety net since lack of an efficient recovery and resolution regime for international banks can make their insolvency very costly to deal with.en_US
dc.language.isoengen_US
dc.publisherElsevieren_US
dc.relation.ispartofJournal of Financial Intermediationen_US
dc.rightsembargoedAccess
dc.titleShould cross-border banking benefit from the financial safety net?en_US
dc.typeArticleen_US
dc.description.versionpost-printen_US
dc.peerreviewedyesen_US
dc.publicationstatuspublisheden_US
dc.contributor.departmentÖzyeğin University
dc.contributor.authorID(ORCID 0000-0003-2945-7832 & YÖK ID 234935) Bertay, Ata
dc.contributor.ozuauthorBertay, Ata Can
dc.identifier.wosWOS:000381233400003
dc.identifier.doi10.1016/j.jfi.2016.05.005
dc.subject.keywordsBank bailoutsen_US
dc.subject.keywordsInternational burden sharingen_US
dc.subject.keywordsCross-border bankingen_US
dc.identifier.scopusSCOPUS:2-s2.0-84982106613
dc.contributor.authorMale1
dc.relation.publicationcategoryArticle - International Refereed Journal - Institutional Academic Staff


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