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| Are Net Interest Margins Affected by Banks’ Internationalization?Evidence from Global Major Banks |
| XIONG Qiyue, ZHAO Yang, LIAO Zezhou
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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 |
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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.
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Received: 27 March 2016
Published: 16 April 2018
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