@techreport{HeuchemerKleimeierSander2012,
  type      = {Working Paper},
  author    = {Heuchemer, Sylvia and Kleimeier, Stefanie and Sander, Harald},
  title     = {The geography of European cross-border banking : the impact of cultural and political factors},
  institution = {Fakult{\"a}t 04 / Schmalenbach Institut f{\"u}r Wirtschaftswissenschaften},
  series    = {GLOBUS working paper},
  number    = {2009,2},
  year      = {2012},
  abstract  = {We investigate the determinants of European banking market integration with a focus on the potentially limiting role of cultural and political factors. Employing a unique data set of European cross-border loans and deposits, the study uses various gravity models that are augmented by societal proxies. While trade-theoretic reasoning can explain part of the surge in cross-border banking, we demonstrate that distance and borders still matter in the geography of European cross-border banking. Moreover, we can identify cultural differences and different legal family origin as important barriers to integration.},
  subject      = {Bank},
  language  = {en}
}