Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5089258 | Journal of Banking & Finance | 2013 | 12 Pages |
Abstract
⺠We study the extent of international diversification gains in banking. ⺠We find substantial risk-return gains stemming from bank activities abroad. ⺠Concentration of bank activities within geographic regions partly eroded these gains. ⺠A mean-variance portfolio optimization model shows a home bias in banking. ⺠Suboptimal allocation of bank assets is more severe in emerging market countries.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Alicia GarcÃa-Herrero, Francisco Vázquez,