15 mars 2019

Heure: 9h
Lieu: DES-2237

Détails supplémentaires

Arthur Silve et Érick Duschene vous invitent à la prochaine séance des "déjeuners de l'économie politique", le vendredi 15 mars, à 9am, au local DES-2237.

La papier prosposé est "Banking the unbanked: Migration and Cross-border Banking", par Alexandra O. Seitz et David Leblang.

Petit plus pour cette séance, David Leblang, l'un des auteurs du papier sera présent lors de la discussion !

Comme d'habitude, le Département d'économique et le CEPCI vous offrent café et croissants.
Arthur Silve et Érick Duchesne

Ci-dessous le résumé du papier.

Abstract: What explains global patterns of cross-border banking? Banking integration is a key part of global financial integration, facilitating international economic exchange and making capital available for investment. Existing research on causes of cross-border banking explains why some jurisdictions are better at attracting investment than others, yet this literature does less to explain why some pairs of countries become connected by cross-border banking, while others do not. We argue that cross-border banking connections can be understood through the lens of migrant networks. Migrant networks incentivize banks to move across borders, with banks following migrants to provide them local banking services and to channel remittances back to the country of origin. Transferring remittances into the country of origin allows banks to reach a previously untapped customer base, “banking the unbanked”. Using bank-level data, we investigate a more complete set of banking connections than much of the existing literature, including South-South links among emerging economies. This bank-level data reveals the role of migration in fostering links between jurisdictions. We complement this with case study evidence These findings speak to the relationship between two forms of globalization classically seen as substitutes: the movement of capital and labor. Instead, our findings contribute to a literature that shows the complementarity between migration and capital mobility.