【正文】
由于歷史原因,政局相對(duì)不穩(wěn)定,市場(chǎng)開(kāi)放程度不高,政治風(fēng)險(xiǎn)較大,所以采取分行形式設(shè)立海外分支機(jī)構(gòu)可以有效地規(guī)避政治風(fēng)險(xiǎn)使得銀行利潤(rùn)最大化,我國(guó)三家銀行的做法符合本文的結(jié)論。第四:在東北亞(韓國(guó)、日本)地區(qū)市場(chǎng)化程度很高,社會(huì)信用建設(shè)比較完善,也比較傳統(tǒng),其信用工具相比于美國(guó)較為單一,風(fēng)險(xiǎn)傳導(dǎo)機(jī)制并不明顯,宜采取子公司的形式設(shè)立海外分支機(jī)構(gòu)。但是從上表得出,三家銀行基本選擇的是分行形式,為日后的改革提供了論證的空間。參考文獻(xiàn):[1]Bianco, M., and G. Nicodano, 2006, “Pyramidal Groups and Debt”, European Economic 172 Review, Vol. 50, pp. 937961.[2]Calzolari, G., and G. Loranth, 2007, “Regulation of Multinational Banks: A Theoretical Inquiry,” Judge Business School Working Paper, Cambridge, UK.[3]Focarelli, D., and A. Pozzolo, 2005, “Where do banks expand abroad? An empirical analysis” Journal of Business, 78(6), 243565.[4]Freixas, X., Loranth, G., and . Morrison, 2007, “Regulating Financial Conglomerates,” Journal of Financial Intermediation, forthing.[5] Loranth, G. and . Morrison, 2007, “Multinational bank capital regulation with deposit insurance and diversi?cation e?ects” Journal of Business, Finance and Accounting, forthing.作者單位:中南財(cái)經(jīng)政法大學(xué)責(zé)任編輯:何順強(qiáng)6 / 6