*We thank two anonymous referees and the editor (Benn Steil) for helpful comments and suggestions that improved the paper. We also thank Peghe Braila, Ilan Cooper, Xavier Freixas, Bruno Gerard, Rasmus Pilegaard, Richard Priestley, Bent Vale, Jesper Wormstrup, seminar audiences at Leuven, NHH, Stockholm School of Economics, Tilburg, and participants and discussants at the Second CFSECB Research Network Workshop in Helsinki in March 2003. Special thanks are due to Farid Toubal and Sven Blank for help with data and to Stine Pilegaard, Deutsche Bank and Søren Aarup, Nordea, for helpful conversations. Lena Tonzer and Steven Burnett have provided valuable research assistance. This paper was initiated while Claudia M. Buch was visiting the NBER. Buch thanks the Volkswagen Foundation, Ostergaard thanks the Foundation for the Advancement of Bank Studies, and Buch and Ostergaard thank the Ruhrgas Foundation for financial support.
Cross-Border Diversification in Bank Asset Portfolios*
Article first published online: 13 APR 2010
© 2010 Blackwell Publishing Ltd
Volume 13, Issue 1, pages 79–108, Spring 2010
How to Cite
Buch, C. M., Driscoll, J. C. and Ostergaard, C. (2010), Cross-Border Diversification in Bank Asset Portfolios. International Finance, 13: 79–108. doi: 10.1111/j.1468-2362.2010.01253.x
- Issue published online: 13 APR 2010
- Article first published online: 13 APR 2010
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