Are Net Interest Margins Affected by Banks’ Internationalization?Evidence from Global Major Banks
XIONG Qiyue, ZHAO Yang, LIAO Zezhou
Institute for International Finance, Bank of China; Institute of Finance,the People’s Bank of China; School of Finance, University of International Business and Economics
Abstract:
With the acceleration of China’s interest rate liberation and Banks’ going abroad, the relationship between internationalization and net interest margin has drawn extensive academic and practical attention. This paper, with annual unbalanced panel data of 26 global active banks from 2003 to 2014, examines the effects of banks’ internationalization on their net interest margins. The results show that internationalization does help banks to improve their net interest margins whose effects mainly channel through price (structure) effects. Banks which have higher net interest income,better liquidity and capital condition, slower domestic growth and fewer state-owned stakes have stronger effects.
熊启跃, 赵阳, 廖泽州. 国际化会影响银行的净息差水平么？——来自全球大型银行的经验证据[J]. 金融研究, 2016, 433(7): 64-79.
XIONG Qiyue, ZHAO Yang, LIAO Zezhou. Are Net Interest Margins Affected by Banks’ Internationalization?Evidence from Global Major Banks. Journal of Financial Research, 2016, 433(7): 64-79.
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