Money18 cc portfolio index

Editorial-Board_2014_Journal-of-Banking---Finance.pdf
JOURNAL OF BANKING AND FINANCE Editorial Board

Editors: C.O. Alexander University of Sussex, Brighton, England, UK

I. Mathur Southern Illinois University at Carbondale, Carbondale, IL, USA

Advisory Board: G.M. Constantinides University of Chicago, Chicago, IL, USA R. Engle New York University, New York, NY, USA

K.R. French Dartmouth College, Hanover, NH, USA C.M. James University of Florida, Gainesville, FL, USA

F. Moshirian University of New South Wales, Sydney, NSW, Australia R.W. Roll University of California at Los Angeles, Los Angeles, CA, USA

Associate Editors: L.F. Ackert Kennesaw State University, GA, USA C. Almeida Fundação Getulio Vargas, Rio de Janeiro, Brazil O. ap Gwilym Bangor University, UK T. Bali Georgetown University, Washington, DC., USA S. Bartram Warwick University, UK J.A. Batten Hong Kong University of Science &

Technology, Kowloon, Hong Kong A.N. Berger University of South Carolina, SC, USA A. Black University of Aberdeen, UK C. Bouwman Case Western Reserve University, OH, USA N. Branger University of Muenster, Germany R. Carmona Princeton University, NJ, USA L. Cathcart Imperial College Business School, UK P. Chelley-Steeley Aston Business School, Birmingham, UK R.-R. Chen Fordham University, NY, USA P.-H. Chou National Central University, Jhongli, Taiwan, ROC M.M. Cornett Bentley University, NA, USA V. Corradi University of Warwick, UK J. Cotter University College Dublin, Blackrock, Co. Dublin, Ireland D. Cumming York University, Toronto, Canada S. Datta Wayne State University, MI, USA D.W. Diamond University of Chicago, Chicago, IL, USA M. Dungey University of Tasmania, Australia V. Fernandez Universidad Adolfo Ibanez (UAI), Chile F. Fiordelisi Università di Roma Tre, Rome, Italy A. Fodor Ohio University, OH, USA

R. Fry-McKibbin Center for Applied Macroeconomic Analysis, Canberra, ACT, Australia

K. Giesecke Stanford University, Stanford, CA, USA C. Girardone University of Essex, UK M. Goergen Cardiff University, UK

M. Gordy Federal Reserve System, Washington, DC, USA M. Grasselli Fields Institute, Toronto, Canada A. Guariglia Durham University, UK A. Guettler EBS Business School, Wiesbaden, Germany M. Guidolin Bocconi University, Italy C.R. Harvey Duke University, Durham, NC, USA T. Hens Universität Zürich, Switzerland David D.B. Humphrey Florida State University, FLA, USA R. Ibragimov Harvard University, Cambridge, MA, USA V. Ivashina Harvard Business School, Boston, MA, USA B. Jacobsen Massey University, Auckland, New Zealand T. Jenkinson University of Oxford, Oxford, UK S.A. Johnson Texas A&M University, College Station, TX, USA A. Kaeck St Gallen University, Switzerland G.A. Karolyi Cornell University, Ithaca, NY, USA K. Koedijk Tilburg University, Netherlands B. Lambrecht University of Cambridge, UK M. Levy Hebrew University of Jerusalem, Jerusalem, Israel E. Liljeblom Hanken School of Economics, Helsinki, Finland S.C. Linn University of Oklahoma, OK, USA F. Longin ESSEC Business School, France B. Lucey Trinity College, Ireland C.T. Lundblad University of North Carolina at Chapel Hill, NC, USA R. Matousek University of Sussex, UK J. Miffre EDHEC Business School, France P. Moyneux Bangor University, UK C. Neely Federal Reserve Bank of St. Louis, MO, USA M.A. Peterson Southern Illinois University at Carbondale, IL, USA M. Petitjean Université Catholique de Louvain, Belgium B. Phillips University of Waterloo, Canada M. Prokopczuk Zeppelin University, Germany

R.G. Rajan University of Chicago, Chicago, IL, USA

R. Rau University of Cambridge, UK

L. Renneboog Universiteit van Tilburg, Netherlands

P. Roosenboom Erasmus Universiteit Rotterdam, Netherlands

V. Salas-Fumás University of Zaragoza (Spain), Spain

J.M. Sarabia University of Cantabria, Spain

O. Scaillet Université de Genève and Swiss Finance Institute, Switzerland

T. Schmidt TU Chemnitz, Germany

L. Seco University of Toronto, Toronto, Canada

N. Seeger VU University of Amsterdam, Netherlands

M. Shackleton Lancaster University, UK

E. Sheedy Macquarie University, Australia

B. Simkins Oklahoma State University, OK, USA

G. Skiadopoulos University of Piraeus, Greece

B.M. Tabak Central Bank of Brasilia, Brasilia, Brazil

A. Tarazi Université de Limoges, Limoges, France

H. Tehranian Boston College, MA, USA

A.V. Thakor Washington University in St. Louis, St. Louis, MO, USA

M.G. Tsionas Athens University of Economics and Business, Greece

R. Tunaru University of Kent, UK

B.F. Van Ness University of Mississippi, MS, USA

R.A. Van Ness University of Mississippi, MS, USA

S. van Nieuwerburgh New York University, New York, NY, USA

S. Westgaard NTNU, Norway

E. Wu University of Technology, Sydney, Australia

A. Yan Fordham University, NY, USA

R. Zagst Technische Universität München, Germany

V. Zakamouline Universitetet i Agder, Kristiansand, Norway

A. Zalewska University of Bath, Claverton Down, Bath, England, UK

The-determinants-of-U-S--banks--international-a_2014_Journal-of-Banking---Fi.pdf
Journal of Banking & Finance 44 (2014) 233–247

Contents lists available at ScienceDirect

Journal of Banking & Finance

journal homepage: www.elsevier .com/locate / jbf

The determinants of U.S. banks’ international activities

http://dx.doi.org/10.1016/j.jbankfin.2014.04.014 0378-4266/� 2014 Elsevier B.V. All rights reserved.

⇑ Tel.: +1 315 859 4859; fax: +1 315 859 4477. E-mail address: jtemesva@hamilton.edu

1 These foreign banking activities generally bring efficiency and tech improvements to host countries’ financial markets (Xu, 2011). However, the arising from financial contagion from parent banks can destabilize host ec during crisis periods (de Haas and van Lelyveld, 2011).

Judit Temesvary ⇑ Department of Economics, Hamilton College, 198 College Hill Road, Clinton, NY 13323, USA