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Article: International linkages in bank lending and borrowing markets: Evidence from six industrialized countries

TitleInternational linkages in bank lending and borrowing markets: Evidence from six industrialized countries
Authors
Issue Date1997
PublisherRoutledge. The Journal's web site is located at http://www.tandf.co.uk/journals/routledge/09603107.html
Citation
Applied Financial Economics, 1997, v. 7 n. 4, p. 403-411 How to Cite?
AbstractThis study employs cointegration analysis to examine the long-run relationships in Prime and CD rates across the US, Canada, Japan, Germany, France and the UK. The nature and strength of the results are found to be contingent on the time periods investigated. While we are unable to reject the null hypothesis of noncointegration for the January 1972-December 1979 interval, there is substantial evidence of cointegration for the more recent January 1980-October 1989 interval. These results are indicative of a pattern of increasing integration among the international bank lending and borrowing markets, coinciding with the trend towards the globalization of banking activity. The evidence from the error correction model suggests that the US and Germany are the dominant countries in the bank lending and borrowing markets. The Prime and CD rates for these countries are seen to cause (in the Granger sense) the rates of other countries.
Persistent Identifierhttp://hdl.handle.net/10722/177711
ISSN
2015 SCImago Journal Rankings: 0.244

 

DC FieldValueLanguage
dc.contributor.authorChatrath, Aen_US
dc.contributor.authorRamachander, Sen_US
dc.contributor.authorSong, Fen_US
dc.date.accessioned2012-12-19T09:39:39Z-
dc.date.available2012-12-19T09:39:39Z-
dc.date.issued1997en_US
dc.identifier.citationApplied Financial Economics, 1997, v. 7 n. 4, p. 403-411en_US
dc.identifier.issn0960-3107en_US
dc.identifier.urihttp://hdl.handle.net/10722/177711-
dc.description.abstractThis study employs cointegration analysis to examine the long-run relationships in Prime and CD rates across the US, Canada, Japan, Germany, France and the UK. The nature and strength of the results are found to be contingent on the time periods investigated. While we are unable to reject the null hypothesis of noncointegration for the January 1972-December 1979 interval, there is substantial evidence of cointegration for the more recent January 1980-October 1989 interval. These results are indicative of a pattern of increasing integration among the international bank lending and borrowing markets, coinciding with the trend towards the globalization of banking activity. The evidence from the error correction model suggests that the US and Germany are the dominant countries in the bank lending and borrowing markets. The Prime and CD rates for these countries are seen to cause (in the Granger sense) the rates of other countries.en_US
dc.languageengen_US
dc.publisherRoutledge. The Journal's web site is located at http://www.tandf.co.uk/journals/routledge/09603107.htmlen_US
dc.relation.ispartofApplied Financial Economicsen_US
dc.titleInternational linkages in bank lending and borrowing markets: Evidence from six industrialized countriesen_US
dc.typeArticleen_US
dc.identifier.emailSong, F: fmsong@hkucc.hku.hken_US
dc.identifier.authoritySong, F=rp01095en_US
dc.description.naturelink_to_subscribed_fulltexten_US
dc.identifier.scopuseid_2-s2.0-0042016749en_US
dc.identifier.volume7en_US
dc.identifier.issue4en_US
dc.identifier.spage403en_US
dc.identifier.epage411en_US
dc.publisher.placeUnited Kingdomen_US
dc.identifier.scopusauthoridChatrath, A=6701310668en_US
dc.identifier.scopusauthoridRamachander, S=6505878084en_US
dc.identifier.scopusauthoridSong, F=7203075605en_US

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