Implications of Liquidity Management of Global Banks for Host Countries Evidence from Foreign Bank Branches in Hong Kong

2014 ◽  
Author(s):  
T. C. Wong ◽  
Andrew Tsang ◽  
Steven Kong
Keyword(s):  
Hong Kong ◽  
Foreign Bank ◽  
Host Countries ◽  
Liquidity Management ◽  
Bank Branches ◽  
Global Banks

Foreign banks and sovereign credit ratings: Reputational capital in sovereign debt markets

2019 ◽  
Vol 26 (1) ◽  
pp. 33-61 ◽  
Author(s):  
Jana Grittersová
Keyword(s):  
Credit Rating ◽  
Credit Ratings ◽  
Foreign Bank ◽  
Foreign Banks ◽  
Host Countries ◽  
Rating Agencies ◽  
Sovereign Credit ◽  
Sovereign Bond ◽  
Sovereign Credit Ratings ◽  
Global Banks

Sovereign credit ratings importantly influence the borrowing costs of governments in international capital markets. Yet, there is limited understanding of how credit-rating agencies determine sovereign bond ratings. I provide theoretical justification and empirical evidence to support the proposition that a substantial presence of established global banks, acting as foreign direct investors, enhances the perceived creditworthiness of the host countries that have weak domestic institutions. Foreign banks can render the host countries’ commitments to make good on their debt obligations more credible by encouraging the transparency in the financial system, disciplining their fiscal policies, and mitigating the incentives for and impact of bank bailouts. Statistical evidence from countries in emerging Europe shows that countries with high levels of foreign bank ownership tend to be assigned better sovereign credit ratings and find it easier to obtain credit at lower interest rates in sovereign bond markets. My findings are robust to various estimation techniques, to extensive controls for alternative determinants of credit ratings, for the endogeneity of foreign bank entry, and for sample-selection bias. Interviews with bankers and senior analysts at credit-rating agencies were used to complement quantitative analyses. This article is the first attempt in the literature on sovereign borrowing and debt to examine whether private market agents, such as global banks, can enhance the government’s international creditworthiness.

scholarly journals The International Transmission of Shocks: Foreign Bank Branches in Hong Kong during Crises

2014 ◽  
pp. 01-26 ◽  
Author(s):  
Simon H. Kwan ◽  
◽  
Eric T.C. Wong ◽  
Cho-hoi Hui ◽  
◽  
...  
Keyword(s):  
Hong Kong ◽  
Foreign Bank ◽  
International Transmission ◽  
Bank Branches ◽  
International Transmission Of Shocks

Huiguan (會館‎) as an Overseas Charitable Institution

2020 ◽  
pp. 72-96
Keyword(s):  
Hong Kong ◽  
Gold Rush ◽  
Overseas Chinese ◽  
Host Countries ◽  
Charitable Organization ◽  
The World ◽  
Charitable Institution

Seldom have studies of overseas huiguan, i.e., Chinese benevolent associations, covered their charitable service of repatriating coffins/bones of the deceased from their host countries to their hometowns in China for burial. This peculiar long-standing Chinese “modern tradition,” till the early 1950s, can now be solidly evidenced by the voluminous Tung Wah Coffin Home Archives in Hong Kong after the materials have been made known in recent years. According to the correspondence between the Tung Wah Hospital (a charitable organization itself) and huiguan all over the world, thousands of coffins and boxes of bones were shipped back to native places of most Chinese emigrants from the “Gold Rush” era every year through Hong Kong during the first half of the last century, especially after the Tung Wah Coffin Home was built by the Hospital to house coffins and exhumed bones awaiting shipment. Starting with a mapping of the sending points, this chapter attempts to first delineate the function of Chinese benevolent associations there as key organizations in the charity network of the global Chinese world. The implications of their operation in the historical connection between the host countries and hometowns of overseas Chinese via Hong Kong are also exemplified and explicated.

scholarly journals Foreign Bank Entry in the Late Ottoman Empire: The Case of the Imperial Ottoman Bank

2015 ◽  
Vol 11 (3) ◽  
Author(s):  
Avni Önder Hanedar
Keyword(s):  
Ottoman Empire ◽  
Foreign Bank ◽  
Foreign Banks ◽  
Bank Branches ◽  
Foreign Bank Entry ◽  
Using Data ◽  
Late Ottoman Empire ◽  
Late Ottoman ◽  
Over Time ◽  
Bank Entry

AbstractBefore 1900, there were few foreign banks in the Ottoman Empire. The most important foreign bank was the Imperial Ottoman Bank. Many rival foreign banks established a presence over time, which could have undermined the power of the Imperial Ottoman Bank due to greater competition. This article examines how rival foreign banks affected the Imperial Ottoman Bank branches, using data on profits of these branches between 1895 and 1914. Empirical findings do not indicate that rival bank branches were related to lower profits for Imperial Ottoman Bank branches in the respective markets.

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