外资银行进入与监管研究
|
摘要
20世纪80年代以来,随着发展中国家金融自由化浪潮的兴起,金融全球化进程不断提速。作为金融全球化的一个重要组成,银行国际化成为一股不可阻挡的潮流,席卷世界各地。自1980年以来,中国银行业对外开放经历了从局部地区到全国范围、从外币业务到本币业务、从外国居民到本国居民的发展历程,在循序渐进中稳步推进。外资银行机构网络不断扩大,业务规模迅速增加,外资银行已经成为中国银行业的重要组成部分。在这样一种背景下,研究外资银行进入与监管问题无疑具有重要的现实意义和理论意义。其现实意义在于:一方面,东道国银行业及监管部门需要分析外资银行的进入动机、行为及效应等相关问题,制定相应的应对策略及监管措施;另一方面,东道国本土银行业也可以学习、借鉴跨国银行的海外经营经验,更好地实现“走出去”战略。其理论意义在于:以一个市场机会最大、国际银行业最为关注的世界上最大的新兴市场国家、最大的发展中国家为案例,研究外资银行进入及监管问题,无疑是对跨国银行理论及转型经济学一项重大贡献。
基于此,本文从理论和实证两个层面对这一问题展开了的论述。理论研究主要是基于效用函数理论、实物期权理论、博弈论以及信息经济学等相关理论构建模型探析外资银行进入及监管等问题的内在机理,实证研究主要基于中国市场的视角探析外资银行的进入及监管问题,通过理论剖析及实证检验,试图对外资银行进入这一波澜壮阔的金融全球化问题展开一系列前瞻性的探索。
本文研究的主线是:首先综述现有关于外资银行进入相关问题的研究成果,指出现有研究可能存在的缺陷及其进一步研究的方向;其次,从理论和实证两个视角展开对外资银行进入动因、进入行为、进入效应以及进入监管等问题的研究;最后,总结全文并分析本文研究的不足并提出未来研究的方向。基于这一思路,本文的研究工作主要分为以下三大部分:
第一、第二章是论文的第一部分:分析了本文的研究背景、意义及研究的主要目标、方法、论文的框架结构并对现有文献加以综述。
第三章至第六章是本文的主体部分。这一部分主要是基于东道国视角,从理论和实证两个方面展开对外资银行进入及监管问题的研究。第三章至第五章基于东道国视角,分析了外资银行的进入动因、外资银行的进入行为以及外资银行进入效应。第六章基于上述三章的分析,研究了东道国对外资银行进入的监管问题。
第三章研究外资银行进入动因。理论部分:构建效用函数模型解释外资银行进入的动因;实证部分:通过全球数据及中国市场的数据,检验了外资银行进入的动因。
第四章研究外资银行的进入行为。理论部分:主要是构建了外资银行进入时机选择模型以及外资银行进入的模式选择模型;实证部分:在上一章动因分析的基础之上,基于中国市场的相关数据,研究了外资银行的进入行为及其背后的不同动因。首先分析了外资银行进入时机选择及影响因素;接着分析了外资银行进入区位选择及其影响因素,最后分析了外资银行进入模式选择及其影响因素。
第五章研究外资银行的进入效应。理论部分:基于上一章外资银行不同的进入模式,通过模型构建分析了新设进入和并购进入两种不同外资银行进入模式对东道国银行业的效应影响;实证部分:检验了新设进入外资银行对中国银行业的各种综合效率的影响。
第六章研究外资银行的进入监管。在前三章的基础上,首先分析了东道国对外资银行进入监管的现实意义。理论部分:探析了东道国对外资银行进入监管的理论基础,并构建了外资银行进入监管的道德风险模型、信号博弈模型以及适度监管模型;经验部分:首先分析外资银行进入的国际监管经验及其部分国家的监管案例,最后剖析中国对外资银行进入监管的经验及其存在的不足,并提出相应的改进措施。
第七章是本文的第三部分:总结全文并展望。综述论文的主要工作及研究得到的主要结论并提出了相关政策建议,最后指出了文的不足及进一步研究的方向。
在本文的主要工作中,创新点主要体现在以下几个方面:
1、基于效用理论,构建了外资银行进入选择的微观效用函数模型。本文通过一个外资银行进入选择效用模型的构建分析了外资银行进入选择的微观动机,这一微观理论与银行业跨国经营的OLI理论以及东道国金融自由化理论结合,共同构建了外资银行进入动机的理论基础。在理论的基础上,本文还基于多期面板数据技术实证检验了外资银行进入中国市场的动因。
2、基于实物期权理论,构建了外资银行进入的时机选择模型。本文首次基于实物期权模型从理论上探析了外资银行进入的最优时机选择问题。并在此基础上,实证检验了外资银行进入中国市场的时机选择及其影响因素。
3、利用外资银行的相关数据实证检验了外资银行进入中国市场的模式选择及其影响因素。本文首次利用有序结果的Logistic回归模型实证检验了外资银行进入中国市场的不同模式选择的影响因素。
4、构建了外资银行的进入效应模型。本文对微观银行理论中经典的K-M模型进行了延伸和拓展,利用拓展的K-M模型研究了外资银行以不同模式进入发展中国家后对东道国银行业产生的效应。
本文的部分相关研究成果已经在国内权威或核心刊物上正式发表,包括《金融研究》(2007年第9期)、《上海管理科学》(2008年第2期)等。另外,本文其他部分的研究成果正处于终审阶段(如《国际金融研究》、《经济学季刊》、《上海交通大学学报(自然版)》)、《管理评论》)、或修改拟投稿阶段。
From the 1980s, the global financial process accelerates incessantly, with the financial freedom of the developing countries. As an important part, banking internationalization becomes a non-stopping tide, sweeps all places of the world. Since the 1980, the Chinese banking open-policy experiences from local district to the all places of the country, from foreign currency business to RMB business, from foreign residents to Chinese residents. The open of Chinese banking has been pushed smoothly, and gradually. The organizations of foreign banks expand uninterruptedly, and the business sizes of foreign banks increase rapidly. Foreign banks have been the important part of Chinese banking. In this realistic background, researching the problem of foreign bank entry and regulation has very important realistic and theoretic meaning.The realistic meaning is that ,on the one hand ,the banking and regulation authority of host country should analyse the reasons, behaviours and effects of foreign bank entry, and eastablish corresponding strategies and regulational measures,on the other hand, the banking of host country may learn the overseas business exeriences of international banks, and realize the“going abroad”strategy . The theoretic meaning is that researching the foreign bank entry and regulation with the most market chance, the international banks most attention, and the most emerging market county and developing country, is a great contribution to international banking theory and transitional economy.
So, the dissertation studies this problem from the theoretical and empirical angles. The keystone of theoretical study sets up models to analyse the inherent-mechanism of foreign bank entry and regulation based on utility function theory, real option theory, game theory and information economy. The keystone of empirical study analyses the foreign bank entry and regulation based on Chinese market. All the study wants to open out a series of explorations of the problems about foreign bank entry.
The dissertation first summarizes the research results about the problems of foreign bank entry and regulation, points out the limitations of existing literatures, and the next research aspects. Then, the dissertation studies the reasons of foreign bank entry, the behaviors of foreign bank entry, the effects of foreign bank entry and the regulation of foreign bank entry from the theoretical and empirical angles. At last, the author summarizes the dissertation, points out the lack of the dissertation and puts forward the next research aspects. Based on this way, the dissertation comprises the following three parts:
Chapter 1 to Chapter 2 is the first part of the dissertation. This part points out the background, the meanings, the mostly aim, the methods and the structure of the dissertation, then summarizes the existing literatures.
Chapter 3 to Chapter 6 is the main part of the dissertation. Base on host country, this part studies the problems of foreign bank entry and regulation from the theoretical and empirical angles. The Chapter 3 to Chapter 5 analyses the reasons, behaviors and the effects of foreign bank entry, and the Chapter 6 studies the regulation of host country to foreign bank entry based on Chapter 3 to Chapter 5.
Chapter 3: studying the reasons of foreign bank entry. The theoretical part is to establish model to explain the reasons of foreign bank entry; and the empirical part is to test the reasons of foreign bank entry with global data and Chinese data.
Chapter 4: studying the behaviors of foreign bank entry. The theoretical part is to establish models to explain the timing choice and pattern choice of foreign bank entry; and the empirical part is to anlyse the behaviors of foreign bank entry and the influencing factors with Chinese data.First, this part analyses the timing choice of foreign bank entry and reasons, then, the location choice and reasons, at last, the pattern choice and reasons based on Chinese market.
Chapter 5: studying the effects of foreign bank entry. The theoretical part is to establish a game model to demonstrate the effects of foreign bank entry to the host country banking; and the empirical part is to test the effects of foreign bank entry to the Chinese banking efficiency.
Chapter 6: studying the regulation of foreign bank entry. The first part is to explore the theoretical base of regulation to the foreign bank entry, then, establish sigal game model, moral hazard model and moderate regulation model to analyse the regulation to the foreign bank entry. The empirical part is to anlyse the international experiences of the regulation to foreign bank entry and some host countries regulation cases , at last, analyse Chinese regulation experience to foreign bank entry and the limitations ,then brings forward some advices.
Chapter 7: the third part of the dissertation. The chapter summarizes the research, gives some advices and prospects the future research of the problem of foreign bank entry.
The main innovations of this dissertation are as follows:
1. Based on utility theory, the author establishes the micro-model of the reasons of foreign bank entry. From a utility model of foreign bank entry, the author explains the reasons of foreign bank entry. The micro model and the OLI theory based on host countries financial freedom can construct the theory base of the motivation of foreign bank entry. Then, the author analyses the motivation of foreign bank entry Chinese market empirically based on three phases panel data.
2. Establishing the timing choice model of the foreign bank entry. The author analyses the optimal choice timing from the theory based on real option model firstly. Then, the author analyses the timing choice of foreign bank entry Chinese market and its affecting factors empirically.
3.Analyzing the mode choice of foreign bank entry Chinese market and tests the factors that affect the pattern choice of foreign bank entry firstly. The author researches the pattern choice of foreign bank entry in Chinese market and its affective factors with the ordinal result Logistic regression model.
4. Establishing the effect model of the foreign bank entry. The author extends the classical K-M model in micro-bank theory,and analyses the effect of foreign bank entry to the host countries banking.
Relative results are published in Finance Research, Shanghai management science ect. The other results are in the phases of reviewing, such as Research of International Finance, Management Review and Journal of Shanghai Jiaotong University etc.
基于此,本文从理论和实证两个层面对这一问题展开了的论述。理论研究主要是基于效用函数理论、实物期权理论、博弈论以及信息经济学等相关理论构建模型探析外资银行进入及监管等问题的内在机理,实证研究主要基于中国市场的视角探析外资银行的进入及监管问题,通过理论剖析及实证检验,试图对外资银行进入这一波澜壮阔的金融全球化问题展开一系列前瞻性的探索。
本文研究的主线是:首先综述现有关于外资银行进入相关问题的研究成果,指出现有研究可能存在的缺陷及其进一步研究的方向;其次,从理论和实证两个视角展开对外资银行进入动因、进入行为、进入效应以及进入监管等问题的研究;最后,总结全文并分析本文研究的不足并提出未来研究的方向。基于这一思路,本文的研究工作主要分为以下三大部分:
第一、第二章是论文的第一部分:分析了本文的研究背景、意义及研究的主要目标、方法、论文的框架结构并对现有文献加以综述。
第三章至第六章是本文的主体部分。这一部分主要是基于东道国视角,从理论和实证两个方面展开对外资银行进入及监管问题的研究。第三章至第五章基于东道国视角,分析了外资银行的进入动因、外资银行的进入行为以及外资银行进入效应。第六章基于上述三章的分析,研究了东道国对外资银行进入的监管问题。
第三章研究外资银行进入动因。理论部分:构建效用函数模型解释外资银行进入的动因;实证部分:通过全球数据及中国市场的数据,检验了外资银行进入的动因。
第四章研究外资银行的进入行为。理论部分:主要是构建了外资银行进入时机选择模型以及外资银行进入的模式选择模型;实证部分:在上一章动因分析的基础之上,基于中国市场的相关数据,研究了外资银行的进入行为及其背后的不同动因。首先分析了外资银行进入时机选择及影响因素;接着分析了外资银行进入区位选择及其影响因素,最后分析了外资银行进入模式选择及其影响因素。
第五章研究外资银行的进入效应。理论部分:基于上一章外资银行不同的进入模式,通过模型构建分析了新设进入和并购进入两种不同外资银行进入模式对东道国银行业的效应影响;实证部分:检验了新设进入外资银行对中国银行业的各种综合效率的影响。
第六章研究外资银行的进入监管。在前三章的基础上,首先分析了东道国对外资银行进入监管的现实意义。理论部分:探析了东道国对外资银行进入监管的理论基础,并构建了外资银行进入监管的道德风险模型、信号博弈模型以及适度监管模型;经验部分:首先分析外资银行进入的国际监管经验及其部分国家的监管案例,最后剖析中国对外资银行进入监管的经验及其存在的不足,并提出相应的改进措施。
第七章是本文的第三部分:总结全文并展望。综述论文的主要工作及研究得到的主要结论并提出了相关政策建议,最后指出了文的不足及进一步研究的方向。
在本文的主要工作中,创新点主要体现在以下几个方面:
1、基于效用理论,构建了外资银行进入选择的微观效用函数模型。本文通过一个外资银行进入选择效用模型的构建分析了外资银行进入选择的微观动机,这一微观理论与银行业跨国经营的OLI理论以及东道国金融自由化理论结合,共同构建了外资银行进入动机的理论基础。在理论的基础上,本文还基于多期面板数据技术实证检验了外资银行进入中国市场的动因。
2、基于实物期权理论,构建了外资银行进入的时机选择模型。本文首次基于实物期权模型从理论上探析了外资银行进入的最优时机选择问题。并在此基础上,实证检验了外资银行进入中国市场的时机选择及其影响因素。
3、利用外资银行的相关数据实证检验了外资银行进入中国市场的模式选择及其影响因素。本文首次利用有序结果的Logistic回归模型实证检验了外资银行进入中国市场的不同模式选择的影响因素。
4、构建了外资银行的进入效应模型。本文对微观银行理论中经典的K-M模型进行了延伸和拓展,利用拓展的K-M模型研究了外资银行以不同模式进入发展中国家后对东道国银行业产生的效应。
本文的部分相关研究成果已经在国内权威或核心刊物上正式发表,包括《金融研究》(2007年第9期)、《上海管理科学》(2008年第2期)等。另外,本文其他部分的研究成果正处于终审阶段(如《国际金融研究》、《经济学季刊》、《上海交通大学学报(自然版)》)、《管理评论》)、或修改拟投稿阶段。
From the 1980s, the global financial process accelerates incessantly, with the financial freedom of the developing countries. As an important part, banking internationalization becomes a non-stopping tide, sweeps all places of the world. Since the 1980, the Chinese banking open-policy experiences from local district to the all places of the country, from foreign currency business to RMB business, from foreign residents to Chinese residents. The open of Chinese banking has been pushed smoothly, and gradually. The organizations of foreign banks expand uninterruptedly, and the business sizes of foreign banks increase rapidly. Foreign banks have been the important part of Chinese banking. In this realistic background, researching the problem of foreign bank entry and regulation has very important realistic and theoretic meaning.The realistic meaning is that ,on the one hand ,the banking and regulation authority of host country should analyse the reasons, behaviours and effects of foreign bank entry, and eastablish corresponding strategies and regulational measures,on the other hand, the banking of host country may learn the overseas business exeriences of international banks, and realize the“going abroad”strategy . The theoretic meaning is that researching the foreign bank entry and regulation with the most market chance, the international banks most attention, and the most emerging market county and developing country, is a great contribution to international banking theory and transitional economy.
So, the dissertation studies this problem from the theoretical and empirical angles. The keystone of theoretical study sets up models to analyse the inherent-mechanism of foreign bank entry and regulation based on utility function theory, real option theory, game theory and information economy. The keystone of empirical study analyses the foreign bank entry and regulation based on Chinese market. All the study wants to open out a series of explorations of the problems about foreign bank entry.
The dissertation first summarizes the research results about the problems of foreign bank entry and regulation, points out the limitations of existing literatures, and the next research aspects. Then, the dissertation studies the reasons of foreign bank entry, the behaviors of foreign bank entry, the effects of foreign bank entry and the regulation of foreign bank entry from the theoretical and empirical angles. At last, the author summarizes the dissertation, points out the lack of the dissertation and puts forward the next research aspects. Based on this way, the dissertation comprises the following three parts:
Chapter 1 to Chapter 2 is the first part of the dissertation. This part points out the background, the meanings, the mostly aim, the methods and the structure of the dissertation, then summarizes the existing literatures.
Chapter 3 to Chapter 6 is the main part of the dissertation. Base on host country, this part studies the problems of foreign bank entry and regulation from the theoretical and empirical angles. The Chapter 3 to Chapter 5 analyses the reasons, behaviors and the effects of foreign bank entry, and the Chapter 6 studies the regulation of host country to foreign bank entry based on Chapter 3 to Chapter 5.
Chapter 3: studying the reasons of foreign bank entry. The theoretical part is to establish model to explain the reasons of foreign bank entry; and the empirical part is to test the reasons of foreign bank entry with global data and Chinese data.
Chapter 4: studying the behaviors of foreign bank entry. The theoretical part is to establish models to explain the timing choice and pattern choice of foreign bank entry; and the empirical part is to anlyse the behaviors of foreign bank entry and the influencing factors with Chinese data.First, this part analyses the timing choice of foreign bank entry and reasons, then, the location choice and reasons, at last, the pattern choice and reasons based on Chinese market.
Chapter 5: studying the effects of foreign bank entry. The theoretical part is to establish a game model to demonstrate the effects of foreign bank entry to the host country banking; and the empirical part is to test the effects of foreign bank entry to the Chinese banking efficiency.
Chapter 6: studying the regulation of foreign bank entry. The first part is to explore the theoretical base of regulation to the foreign bank entry, then, establish sigal game model, moral hazard model and moderate regulation model to analyse the regulation to the foreign bank entry. The empirical part is to anlyse the international experiences of the regulation to foreign bank entry and some host countries regulation cases , at last, analyse Chinese regulation experience to foreign bank entry and the limitations ,then brings forward some advices.
Chapter 7: the third part of the dissertation. The chapter summarizes the research, gives some advices and prospects the future research of the problem of foreign bank entry.
The main innovations of this dissertation are as follows:
1. Based on utility theory, the author establishes the micro-model of the reasons of foreign bank entry. From a utility model of foreign bank entry, the author explains the reasons of foreign bank entry. The micro model and the OLI theory based on host countries financial freedom can construct the theory base of the motivation of foreign bank entry. Then, the author analyses the motivation of foreign bank entry Chinese market empirically based on three phases panel data.
2. Establishing the timing choice model of the foreign bank entry. The author analyses the optimal choice timing from the theory based on real option model firstly. Then, the author analyses the timing choice of foreign bank entry Chinese market and its affecting factors empirically.
3.Analyzing the mode choice of foreign bank entry Chinese market and tests the factors that affect the pattern choice of foreign bank entry firstly. The author researches the pattern choice of foreign bank entry in Chinese market and its affective factors with the ordinal result Logistic regression model.
4. Establishing the effect model of the foreign bank entry. The author extends the classical K-M model in micro-bank theory,and analyses the effect of foreign bank entry to the host countries banking.
Relative results are published in Finance Research, Shanghai management science ect. The other results are in the phases of reviewing, such as Research of International Finance, Management Review and Journal of Shanghai Jiaotong University etc.
引文
1. Acharya V. Competition among banks, capital requirements and international spillovers[J].Economic Notes Review of Banking, Finance and Monetary Economics, 2001,30:337~359
2. Acharya, V. Is the International Convergence of Capital Adequacy Regulation Desirable?[J] Journal of Finance, 2003 ,58, 2745-2782.
3. Adolfo Barajas, Roberto Steiner, and Natalia Salazar. Foreign Investment in Colombia’s Financial Sector[J]. IMF Working Paper,1999.
4. Allen N. Berger, Leora F. Klapper and Rida Zaidi Bank ownership type and banking relationships[EB].working paper,2006, http://isb.edu/caf/htmls/2klapper.pdf
5. Allen, Franklin and Santomero, Anthony M., The Theory of Financial Intermediation[J] Journal of Banking and Finance , 1998 (21) ,1461—1485.
6. Allen Franklin, Douglas Gale Comparing financial systems.[M]. MIT Press, Cambridge, MA,2000
7. Albuquerque R., Loayza, N. and Serven, L. World market integration through the lens of foreign direct investors [J].Review of Economic Studies. 2002. Vol.3
8. Aliber, R. International banking: a survey [J]. Journal of Money, Credit and Banking, 1984.XVI, Part 2
9. Altunbas ,Y. ,Chakravarty , S.P. , Frontier cost functions and bank efficiency[J].Economics Letters ,2001 ,72 (2) :233 - 240.
10. Ashton , J.Cost efficiency , economies of scale and economies of scope in the British Retail Banking Sector[J] . Bournemouth University, School of Finance and Law ,Working Paper Series ,1998 :98 -113.
11. Bain E, J Fung,I Harper.Multinational banking: Historical, empirical and case perspectives.[R]. In Handbook of International Banking A.W. Mullineux and V. Murind. UK and USA: Edward Elgar,2003
12. Bank for International Settlements (BIS), The Banking System in Emerging Economies: How Much Progress Has Been Made? [EB] 2006.BIS Paper No. 28.
13. Bank for International Settlements (BIS) Committee on the Global Financial System (CGFS), Foreign Direct Investment in the Financial Sector of Emerging Market Economies[M], 2004.CGFS Publication No. 22.2005, Foreign Direct Investment in the Financial Sector—Experiences in Asia, Central and Eastern Europe, and Latin America,CGFS Publication No. 25.
14. Barrel, R. and Pain, N. An econometric analysis of U.S. foreign direct investment[J].The Review of Economic and Statistics, 1996.78(2).
15. Bayraktar,N.and Y.Wang., Foreign Bank Entry, Performance of Domestic Banks and theSequence of Financial Liberalization[EB], World Bank Working Paper,2004.
16. Bartlett, C. and Ghoshal, S., Managing Across Borders:the Transnational Solution[M], Boston, Harvard Business School Press, 1989.
17. Barth, James,Gerard Caprio Jr.,and Ross Levine. Banking systems around the globe: do regulation and ownership affect performance and stability?[A].World Bank Working Paper,2000.
18. Barth, J. Caprio, G. and Levine, R., Banking systems around the globe: do regulation and ownership affect performance and stability? [EB/OL].NBER working paper. 2001.
19. Barth, James R., Gerard Caprio, and Ross Levine, The regulation and supervision of banks around the world: a new database in integrating emerging market countries into the global financial system[EB], Brookings-Wharton Papers on Financial Services, 2001.
20. Baumol , W.J. , Panzar , J.C , Willig , R.D. , Contestable markets and the theory of industry structure [ M] .New York :Harcourt ,Brace and Jovanovich ,1982.
21. Bayraktar,N.and Y.Wang. Foreign bank entry, performance of domestic banks and the sequence of financial liberalization [EB].World Bank Working Paper, 2004.
22. Berger ,A.N. , Hunter ,W.C. , Tinume , S.G. , The efficiency of financial institutions :a review and preview of research past ,present , and future [J] .Journal of Banking and Finance ,1993 ,.7(2 - 3) :221 - 249.
23. Berger, A. N., L. G. Goldberg, and L. J. White. The effects of dynamic changes in bank competition on the supply of small business credit [J]. European Finance Review , 2001, Vol.5.
24. Berger, Allen N., Qinglei Dai, Steven Ongena, and David C.Smith, To What Extent Will the Banking Industry Be Globalized? A Study of Bank Nationality and Reach in 20 European Nations[J], Journal of Banking and Finance, 2003.Vol. 27(March), pp. 383-415.
25. Berger, Allen N., Robert DeYoung, Hesna Genay, and Gregory F. Udell, Globalization of Financial Institutions: Evidence from Cross-Border Banking Performance[EB] in Brookings-Wharton Papers on Financial Services,2006. Vol. 3, ed. by Robert E. Litan and Anthony Santomero (Washington: Brookings Institution Press), pp. 23-120.
26. Blonigen B. Firm specific assets and the link between exchange rates and foreign direct investment[J].The American Economic Review 1997.Vol. 87.
27. Bollard, A. Supervising overseas-owned banks: New Zealand’s experience[R].Address to the Trans-Tasman Business Circle, Sydney, 2004.
28. Bonin, John P. and Wachtel, Paul. Privatization matters: Bank efficiency in transition countries [J]. Journal of Banking and Finance, 2005,Vol. 29.
29. Bollard, A. Supervising overseas-owned banks: New Zealand’s experience[R].Address to the Trans-Tasman Business Circle, Sydney, 2004.
30. Brealey R A, E C Kaplanis The determination of foreign banking location.[J].Journal of International Money and Finance, 1996,15: 577~597
31. Buch C M Why do banks go abroad evidence from German data.[J]. Financial Markets, Institutions and Instruments, 2000,9(1): 33~67
32. Buch, Claudia, and Gayle DeLong, Cross- Border Bank Mergers: What Lures the Rare Animal?[J] Journal of Banking and Finance, 2004,Vol. 28, pp. 2077-102.
33. Buch, C.M., Lipponer, A. Clustering or competition? The foreign investment behavior of German banks international [J]. Journal of Central Banking.2006.Vol. 2.
34. Buckley P.J. and Casson. M. The future of multinational enterprise[M] Macmillan,London.1976.
35. Chang, Sea- Jin and Rosenzweig, Philip M., Industry and Regional Patterns in Sequential Foreign Market Entry[M], Journal of Management Studies, 1998,35-36 .
36. Chames ,A.,Cooper ,W.,Rhodes E. Measuring the efficiency of decision making units[J].European Journal of operational research ,1978 ,2(6) :429 - 444.
37. C. Holthausen and T. Ronde. Cooperation in international banking supervision[EB].European Central Bank Working Paper. 2004.3
38. Claessens,S. and T.Glaessener. Internationalization of financial services in Asia[EB].World Bank Working Paper ,1998.
39. Claessens,S. D.Klingebiel.Alternative frameworks for providing financial services[J].World Bank Policy Research Working Paper,1999.
40. Claessens, S., Demirguc-Kunt, A. and Huizinga, H. How does foreign entry affect domestic banking markets?[J]. Journal of Banking and Finance, 2001, Vol.5.
41. Claessens and Luc., Laeven. Financial development, property rights, and growth [J], the Journal of Finance, 2003,.Vol.6.
42. Clarke, George, and others . Bank lending to small businesses in Latin America: does bank origin matter?[J]. Journal of Money, Credit, and Banking, 2005,Vol. 37.
43. Clarke, George R.G., Robert Cull, and Maria Soledad Martinez-Peria, Does foreign bank penetration reduce access to credit in developing countries? evidence from asking borrowers[A], working paper,2001.
44. Clarke G. Foreign bank entry: experience, implications for developing countries, and agenda for further research[R].World Bank Policy Research Working Paper, 2001.
45. Cardenas, F, J P Graf and P, Dogherty. Foreign bank entry in emerging market economies: a host country perspective [A].central bank papers submitted by Working Group members, 2003.
46. Claessens, S., Demirguc-Kunt, A. and Huizinga, H. How does foreign entry affect domestic banking markets?[J]. Journal of Banking and Finance, 2001.Vol. 25.
47. Claessens, Stijn, Competitive Implications of Cross-Border Banking[EB], 2006,Policy Research Working Paper No. 3854(Washington: World Bank).
48. Claessens, Stijn, and Neeltje Van Horen, Location Decisions of Foreign Banks and Competitive Advantage[EB],2007,Policy Research Working Paper No. 4113 (Washington:World Bank).
49. Coase, A. H. The nature of the firm[J], Economica, 1937.Vol.4.
50. Cerutti, Eugenio, Giovanni Dell’Ariccia, and Maria Soledad Martinez Peria, How Banks Go Abroad: Branches or Subsidiaries? [EB]2005,Policy Research Working Paper No. 3753(Washington: World Bank).
51. Dages, B. Gerard, Linda Goldberg, and Daniel Kinney, Foreign and Domestic Bank Participation in Emerging Markets:Lessons from Mexico and Argentina[J], Economic Policy Review, 2003,Vol. 6 (September), pp. 17-36.
52. Danthine, JP, F. Giavazzi, X. Vives and E. von Thadden, 1999 The Future of European Banking, CEPR.
53. Dell’Ariccia, G. and R. Marquez .Competition among Regulators and Credit Market Integration [M], mimeo. University of Maryland. 2003.
54. Detragiache, E and P Gupta. Foreign banks in emerging market crises: evidence from Malaysia [A].IMF Working Paper,2004.
55. Di Antonio, Mariotti, and Piscitello. Multinational banks in the global economy. evidence from the Italian Case[EB/OL]. EIBA Conference working paper.2003.
56. Dicken P., Global Shift[M], London: Paul Chapman Publishing, 1998,145-176.
57. Dixit, A., Pindyck, R. Investment under Uncertainty[M].Princeton University Press, Princeton. 1994.
58. Dimamd,D. Financial intermediation and delegated monitoring[M].Review of Economics Studies 51(3):393-411.
59. Domanski, Dietrich, Foreign Banks in Emerging Market Economies: Changing Players, Changing Issues [J]2005,BIS Quarterly Review (December).
60. Dunning, J. H. The determinants of international production [M]. Oxford Economic papers, 1973,25.
61. Dunning, J. H. The eclectic paradigm of international production: a restatement and some possible extensions [J]. Journal of International Business Studies. 1988. Vol. 19.
62. Dunning,J.H. Multinational enterprises and the global economy [M]. Wokinghann: Addison-Wesley Publishers. 1993.
63. Enrica Detragiache, Poonam Gupta and Thierry Tressel. Foreign banks in poor countries: theory and evidence [A].Paper presented at the 7th Jacques Polak Annual Research Conference Hosted by the IMF Washington, 2006.
64. Esperanca, J.P., and Gulambussen, M.A. Testing the following the customer hypothesis in multinational bank expansion[J]. Journal of Multinational Financial Management 2001,Vol.11.
65. Evan Kraft.Foreign Banks in Croatia: Reasons for Entry, Performance and Impacts[J]. Journal of Emerging Market Finance. 2004.Vol. 3, No. 2, 153-174 .
66. Farell , M.J. , The measurement of productive efficiency [J] . Journal of Royal StaticalSociety ,1990 (A) :253 - 281.
67. Fisher, A., and P. Molyneux. A note on the determinants of foreign bank activity in London between 1980 and 1989 [J]. Applied Financial Economics. 1996.Vol. 6.
68. Focarelli, D., Pozzolo, A.F. The patterns of cross-border bank mergers and shareholdings in OECD countries[J]Journal of Banking and Finance.2001.Vol.25.
69. Freixas X, Rochet J C Microeconomics of banking.[M]. Cambridge, MA: MIT Press,1997
70. Gale, Douglas and Hellwig, Martin. Incentive-Compatible Debt Contracts:The One-Period Problem[J].Review of Economic Studies,1985,52(171):647-663.
71. Galindo, A., Micco, A. and Serra, C. Better the devil that you know: evidence on entry costs faced by foreign banks[C].IDB. Research Department Working Paper. 2003. No.477.
72. Ghoshal, S. and Bartlett C.A., The Multinational Corporation as An Interorganizational Network[J], Academy of Management Review,1991, 15[ 4] , pp.603~625.
73. Giacomo Calzolari, Lóránth On the regulation of multinational banks[J].Rivista di Politica Economica, 2002,5(4): 275~304.
74. Giacomo Calzolari & Gy?ngyi Lóránth, Regulation of multinational banks - a theoretical inquiry[EB]Working Paper Series 431, European Central Bank. 2005.
75. Giannetti, Mariassunta, and Steven, Ongena. Financial integration and entrepreneurial activity: evidence from foreign bank entry in emerging markets[A] , mimeo, Stockholm School of Economics,2005.
76. Gilroy, Bernard. The choice between Greenfield investment and cross - border acquisition: A real option approach[J].The Quarterly review of economics and finance. 2006,July , Volume
46, Issue 3,447- 465.
77. Goldberg, L.G., and Saunders, A. The determinants of foreign banking activity in the United States [J]. Journal of Banking and Finance, 1981, Vol.5.
78. Goldberg, L.G., Johnson, D. The determinants of US banking activity abroad[J]. Journal of International Money and Finance.1990 .Vol.9.
79. Goldberg, L. and Kinney, D. Foreign and domestic bank participation in emerging markets: lessons from Mexico and Argentina [J]. Federal Reserve Bank of New York Economic Policy Review, 2000, Vol.6.
80. Gorton Gary, Andrew Winton Financial intermediation.[R].The Wharton Financial Institutions Center Working Papers,2002:1~138
81. Gormley, Todd .A banking competition in developing countries: does foreign bank entry improve credit access?[A]. Cambridge, Massachusetts: MIT working paper,2005.
82. Gray, J., and Gray, P. The multinational bank: a financial MNC[J]. Journal of Banking and Finance, 1981,Vol. 5.
83. Guillermo J. Escude, Tamara Burdisso, Laura D’Amato, and George McCandless. How much do SMEs borrow from the Banking System in Argentina?[EB]. Working paper, 2001.
84. Guillen, M. and Tschoegl, A. At last the internationalization of retail banking? the case of theSpanish banks in Latin America[[J/OL]]. Wharton Financial Institutions Center Working Paper.1999.
85. Haber, Stephen, and Aldo Musacchio. Foreign banks and the Mexican Economy [A]. Working paper, 2005.
86. Haas, Ralph and Lelyveld, Iman van. Foreign banks in Central and Eastern Europe: asset or risk factor? [EB] SSRN, 2003.
87. Hawkins, J.and D.Mihaljek. The banking industry in the emerging market economies: competition, consolidation and systematic stability-An Overview[EB]. BIS working Paper, 2001.
88. Hermes, N., Lensink, R., The impact of foreign bank entry on domestic banks in less developed countries: an econometric analysis[A]. Poznan University of Economics Working Papers, 2002, Vol 20.
89. Hongmo Sung, Harvey E. Lapan. Strategic Foreign Direct Investment and Exchange- Rate Uncertainty[J]. International Economic Review May, 2000.Vol. 41, No. 2. 411- 423.
90. Holthausen, C. and T. R?nde .Cooperation in International Banking Supervision:A Political Economy Approach[M] mimeo., University of Copenhagen.2003
91. Hymer, S.H. The International operations of national firms: a study of direct foreign investment [D]: Ph.D. Dissertation, MIT. 1969.
92. Janek Uiboupin. Short-term effects of foreign bank entry on bank performance in selected CEE countries [J/OL]. Bank of Estonia Working Papers. No. 2005,(4).
93. J.brandao de Brito and F.de Mello Sampayo. The timing and probability of FDI: An application to US multinational enterprises[J]. Applied Economics , 2005.37,417- 437.
94. Josep Garcia Blandón, The Timing of Foreign Direct Investment under Uncertainty: Evidence from the Spanish Banking Sector[J] Economics Working Papers 360, Department of Economics and Business, Universitat Pompeu Fabra. 1999.
95. Kelly Edmiston, Shannon Mudd and Neven Valev. Tax structures and FDI: The deterrent effects of complexity and uncertainty[J].Fiscal studies, 2003. Sep 24, 3, 341.
96. Kindleberger, Charles ,P. International banks as leaders or followers of international business, a historical perspective[J] , Journal of Banking and Finance, 1983.Vol.7.
97. Kim, H E and B Y Lee. The effects of foreign bank entry on the performance of private domestic banks in Korea [A], central bank papers submitted by Working Group members,2003.
98. Leland, H. and Pyle, D., Informational Asymmetries, Financial Structure and Financial intermediation[J], Journal of Finance.1997.32.2
99. Lensink R, N Hermes The short term effects of foreign bank entry on domestic bank behavior: Does economic development matter?.[J]. Journal of Banking and Finance, 2004,28(3): 553~568
100. Levine Ross. Foreign banks, financial development and economic growth [M], InternationalBusiness Markets: Harmonization Versus Competition, 1996.Washington DC, AEI Press.
101. Levy. Yeyati E., Panizza U. and Stein E. The cyclical nature of North-South FDI flows[C].Inter-American Development Bank working paper.2002.
102. Levy, Y.and Micco. Concentration and foreign penetration in Latin American banking sectors: impact on competition and risk [A]. Inter-American Development Bank Working Paper, 2003.
103. Leung, M.K., Rigby, D., and Young, T. Entry of foreign banks in the PRC: A survival analysis[J]. Applied Economics, .2003.35(1).
104. Leung MK, and Young T. Entry of foreign banks in Shanghai: implications for business strategies in an increasingly competitive market[J]. Managerial and Decision Economics. 2005.26.
105. Mahajan A, N Rangan, A Zardkoohi, Cost structure in multinational and domestic banking.[J].Journal of Banking and Finance, 1996,20: 283~306
106. Martinez Peria, Maria Soledad, and Ashoka Mody. How foreign participation and market concentration impact bank spreads: evidence from Latin America[J]. Journal of Money, Credit, and Banking, 2004,Vol. 36.
107. Mathieson and Roldos. The role of foreign banks in emerging markets[R]. paper presented at the 3rd Annual World Bank, IMF and Brookings Financial Markets and Development Conference, New York, 2001.
108. Mester ,L.J. ,A study of bank efficiency taking into account risk - preferences [J] .Journal of Banking and Finance ,1996 ,20(6) :1025 - 1045.
109. Merton , R. C., On the Application of the Continuous time Theory of Finance to Financial Intermediation and Insurance[J] Geneva Papers on Risk and Insurance Theory ,1989(14):225-261.
110. Merton,R.C., A Functional Perspective of Financial Intermediation[J].Financial Management. 1995.24, No.2.23-41.
111. Merton,R.C.and Bodie,Z.,Deposit Insurance Reform: A Functional Approach[J]. in A. Meltzer and C. Plosser.Eds. Carnegie Rochester Conference Series on Public Policy, 1993.38
112. Merton,R.C.and Bodie , Z. , A Framework for Analyzing the Financial System[J]. in Crane et al.,Eds. , The Global FinancialSystem : A Functional Perspective , Boston. MA , Harvard Business School Press.1995
113. Mian, A., Distance constraints: the limits of foreign lending in poor economies[J]. Journal of Finance, 2006, Vol.35.
114. Miller, S. R., Parkhe, A. Patterns in the Expansion of U.S. Banks’Foreign Operations[J]. Journal of International Business Studies, 2nd Quarter, 1998. Vol. 29.
115. M., Brownbridge and C., Harvey. Banking in Africa [M].Trenton, NJ: Africa World Press, 1998.
116. Morgan, D P and P E.Strahan, Foreign bank entry and business volatility: evidence from USstates and other countries [EB]. NBER Working Paper,2003.
117. Myers S C. Determinants of corporate borrowing[J] Journal of Financial Economics, 1977.5(2): 147-176.
118. Nakamura S. and Oyama T. The Determinants of foreign direct investment from Japan and the United States to East Asian countries, and the linkage between FDI and trade[C]. Bank of Japan Working Paper.1998.98-11
119. Natalia T.Tamirisa, Yougesh Khatri,Il Houng Lee,O. Liu , and Kanitta Meesook .Malaysia: from crisis to recovery [A].IMF Occasional Papers, International Monetary Fund. 2001.
120. Peek J, E and S. Rosengren. The international transmission of financial shocks: the case of Japan [J].American Economic Review, 1997,Vol.87.
121. Peek J,E and S Rosengren. Implications of the globalization of the banking sector: the Latin American experience [J].New England Economic Review,2000.
122. Pietra Rivoli, Eugene Salorio. Foreign Direct Investment and Investment under Uncertainty[J].Journal of International Business Studies, 1996. Vol.27, No.2.335- 357.
123. Prahalad, C.K. and Doz, Y.L., The Multinational Mission: Balancing Local Demands and Global Vision[M], New York: the Free Press. 1987.
124. Ralph de Haas and Iman van Lelyveld. Foreign banks and credit stability in the Central and Eastern Europe[R],DNB Staff Reports 2003,No.109.
125. Radelet S, Sachs J. The onset of the East Asian financial crisis [M]. Harvard University, 1998.
126. Ramon Moreno and Agustin Villar. The increased role of foreign bank entry in emerging markets [EB], BIS working paper, 2005.
127. Reinhart, C. and Reinhart V. What hurts most? G-3 exchange rate or interest rate volatility?[C]. Paper prepared for NBER Conference on Currency Crises. 2002.
128. Rezvanian R. ,Mehdian S. ,An examination of cost structure and production performance of commercial banks in Singapore[J].Journal of Banking and Finance ,2002,26(1) :79 - 98.
129. Repullo, R., A model of takeovers of foreign banks Spanish[J] Economic Review, 2001
3:1-21.
130. Sabi, M. An application of the theory of foreign direct investment to multinational banking in LDCs[J]. Journal of International Business Studies. 1988.Vol. 19.
131. Satta, T., The influence of foreign bank entry on lending to small firms in Tanzania[J]. The Journal of Policy Reform, 2004,Vol.7.
132. Seth, R.,Molyneux,P. and Remolona ,E. Modeling foreign bank performance and lending behavior[J] .Financial Markets, Institutions, and Instruments 1998.Vol.7 (4).
133. Scholtens Bert and Wensveen, Dick van, A Critique on the theory of financial intermediation [J] Journal of Banking & Finance , 2000(24):1243-1251.
134. Silvia Magri, Alessandra Mori and Paola Rossi. The entry and the activity level of foreign banks in Italy: An analysis of the determinants Journal of Banking and Finance. 2005.Vol.29.
135. Stein, Jeremy. Information production and capital allocation: decentralized versus hierarchical firms[J]. Journal of Finance, 2002, Vol. 57.
136. Thomsen S. Investment patterns in a longer-term perspective[C]. OECD Working Papers on International Investment. 2000 2.
137. Todd A. Gormley. Banking competition in developing countries: does foreign bank entry improve credit access?[EB]. MIT. Department of Economics. working paper,2005.
138. Torsten Wezel. Foreign bank entry into emerging economies: an empirical assessment of determinants and risks predicated on German FDI data [EB/OL].Deutsche Bundesbank working paper. 2005.
139. Trigeorgis L.The nature of option interactions and the valuation of investments with multiple real options[J] Journal of Financial and quantitative Analysis, 1993. 28(l): 1-20.
140. Ursacki, Terry , Vertinsky, Ilan, Choice of entry timing and scale by foreign banks in Japan and Korea[J] Journal of Banking and Finance, 1992, vol. 16(2), 405-421.
141. Von Der Ruhr,Michael Ryan.“Following”or“attracting”the customer? Japanese Banking FDI in Europe[J] Atlantic Economic Journal.2005.Vol.33
142. Walter,I., and Gray, P. Protectionism and international banking : sectoral efficiency, competitive structure and national policy[J]. Journal of Banking and Finance,1983,Vol.7.
143. Walter,I. Commercial bank penetration of the corporate securities market[M].John Wiley and Sons, New York,1985.
144. Weller, Scher. Financial liberalization, multinational banks and credit supply: the case of Poland[J]. International Review of Applied Economics. 2000.Vol.14 .
145. Wheelock ,D.C. ,Wilson , P.W. ,New evidence on returns to scale and product mix among U.S. commercial banks[J].Journal of Monetary Economics ,2001 ,47 (3) :653 -674.
146. Williams,B. Positive theories of multinational banking: eclectic theory versus internalization theory[J] Journal of Economic Surveys, 1997.Vol.11.
147. Xavier Freixas and Jean-Charles Rochet Microeconomics of Banking[M]. MIT Press.Cambridage, Massachusetts 1997
148. Yamori, N. A note on the location choice of multinational banks: The Case of Japanese financial institutions[J].Journal of Banking and Finance.1998.Vol. 22.
149. Yannopoulus, G. The growth of transnational banking[M]. Mark Casson. Editor. The Growth of International Business, London, George Allen and Irwin. 1983.
150. Zajc, P. The effect of foreign bank entry on domestic banks in Central and Eastern Europe[R], Paper for SUERF colloquium, 2003.19.
151.戴国强.上海财经大学现代金融研究中心:2006中国金融发展报告——金融开放与金融安全[M].上海:上海财经大学出版社.2006.
152.段婧.试论我国外资银行监管的法律问题[J],中国海洋大学学报(社会科学版), 2006.5.
153.戈建国.中国对外资银行的监管制度分析[J].金融论坛.2007.11:36-43.
154.黄宪、熊福平.外资银行在中国发展的经营动机和经营策略分析[J]金融研究2005.2.
155.姜建清.国际商业银行监管环境与体制[M]北京:中国金融出版社2006.
156.匡青松、胡君:论我国外资银行监管法制的不足与完善[J],湖南商学院学报, 2006.1.
157.李晓峰、王维、严佳佳.外资银行进入对我国银行效率影响的实证分析[J]财经科学2006.8
158.李希义.任若恩.国有商业银行效率变化及趋势分析[J].中国软科学,2004 , (.) :57 - 62.
159.李金泽.加拿大外国银行分行准入制度及其对我国的启示[J].现代法学.2003,2,131-134.
160.马学红.当前在华外资银行的核心业务[J]经济研究参考2004.45.
161.苗启虎、王海鹏.外资银行在华投资动因的实证研究[J]上海金融2004.8
162.邱延冰.外资银行进入对新兴市场国家金融业的影响[J]国际金融研究2001.8.
163.单豪志.外资银行进入对我国银行业稳健性的影响分析[J]商业银行经营与管理2004.8.
164.史建平.外资入股中资银行:问题与对策[J].金融与保险2005.6.
165.史纪良.银行监管比较研究[M],2005,中国金融出版社,216-217.
166.王晞.跨国银行进入中国决定因素的实证分析[J]金融研究2005.8
167.魏煜、王丽.中国商业银行效率研究:一种非参数的分析[J].金融研究,2000 , (3) :88 - 97.
168.谢守红、汪明峰.外资金融机构在中国的区位分布研究[J]人文地理,2004,3,50-55.
169.谢康.中国进入WTO对网上银行的挑战与对策研究[J]金融研究2001.5.
170.严骏伟.国际监管:跨国银行的金融规范[M]上海:上海社会科学院出版社高等教育出版社2001
171.叶欣.外资银行进入对中国银行业效率影响的实证研究[J]财经问题研究2006.2.
172.赵旭.国有商业银行效率的实证分析[J ].经济科学,2000 , (6) :45 - 50.
173.张诚、莫扬.我国银行业外资并购影响的因素分析[J]南开经济研究2003.6.
174.张建华.我国商业银行效率研究的DEA方法及1997 -2001年效率的实证分析[J ].金融研究,2003 (3) :11-15.
175.张建华.国外商业银行效率研究的最新进展及对我国的启示[J].国际金融研究,2003, (5) :22 - 27.
176.张杰.金融中介理论发展述评[J],中国社会科学.2001,6,74-84.
177.郑伯红、汤建中.跨国银行在华发展区位研究[J]世界地理研究,2001,10,21-28.
178.宗良.加入WTO后国内银行面临的网上银行竞争及相应对策[J]国际金融研究2000.8.
179.钟永红、李政.在华外资银行盈利能力影响因素的实证分析[J]国际金融研究2004.9
180.邹公明.生存模型的构造理论[M]上海上海财经大学出版社. 2005.
2. Acharya, V. Is the International Convergence of Capital Adequacy Regulation Desirable?[J] Journal of Finance, 2003 ,58, 2745-2782.
3. Adolfo Barajas, Roberto Steiner, and Natalia Salazar. Foreign Investment in Colombia’s Financial Sector[J]. IMF Working Paper,1999.
4. Allen N. Berger, Leora F. Klapper and Rida Zaidi Bank ownership type and banking relationships[EB].working paper,2006, http://isb.edu/caf/htmls/2klapper.pdf
5. Allen, Franklin and Santomero, Anthony M., The Theory of Financial Intermediation[J] Journal of Banking and Finance , 1998 (21) ,1461—1485.
6. Allen Franklin, Douglas Gale Comparing financial systems.[M]. MIT Press, Cambridge, MA,2000
7. Albuquerque R., Loayza, N. and Serven, L. World market integration through the lens of foreign direct investors [J].Review of Economic Studies. 2002. Vol.3
8. Aliber, R. International banking: a survey [J]. Journal of Money, Credit and Banking, 1984.XVI, Part 2
9. Altunbas ,Y. ,Chakravarty , S.P. , Frontier cost functions and bank efficiency[J].Economics Letters ,2001 ,72 (2) :233 - 240.
10. Ashton , J.Cost efficiency , economies of scale and economies of scope in the British Retail Banking Sector[J] . Bournemouth University, School of Finance and Law ,Working Paper Series ,1998 :98 -113.
11. Bain E, J Fung,I Harper.Multinational banking: Historical, empirical and case perspectives.[R]. In Handbook of International Banking A.W. Mullineux and V. Murind. UK and USA: Edward Elgar,2003
12. Bank for International Settlements (BIS), The Banking System in Emerging Economies: How Much Progress Has Been Made? [EB] 2006.BIS Paper No. 28.
13. Bank for International Settlements (BIS) Committee on the Global Financial System (CGFS), Foreign Direct Investment in the Financial Sector of Emerging Market Economies[M], 2004.CGFS Publication No. 22.2005, Foreign Direct Investment in the Financial Sector—Experiences in Asia, Central and Eastern Europe, and Latin America,CGFS Publication No. 25.
14. Barrel, R. and Pain, N. An econometric analysis of U.S. foreign direct investment[J].The Review of Economic and Statistics, 1996.78(2).
15. Bayraktar,N.and Y.Wang., Foreign Bank Entry, Performance of Domestic Banks and theSequence of Financial Liberalization[EB], World Bank Working Paper,2004.
16. Bartlett, C. and Ghoshal, S., Managing Across Borders:the Transnational Solution[M], Boston, Harvard Business School Press, 1989.
17. Barth, James,Gerard Caprio Jr.,and Ross Levine. Banking systems around the globe: do regulation and ownership affect performance and stability?[A].World Bank Working Paper,2000.
18. Barth, J. Caprio, G. and Levine, R., Banking systems around the globe: do regulation and ownership affect performance and stability? [EB/OL].NBER working paper. 2001.
19. Barth, James R., Gerard Caprio, and Ross Levine, The regulation and supervision of banks around the world: a new database in integrating emerging market countries into the global financial system[EB], Brookings-Wharton Papers on Financial Services, 2001.
20. Baumol , W.J. , Panzar , J.C , Willig , R.D. , Contestable markets and the theory of industry structure [ M] .New York :Harcourt ,Brace and Jovanovich ,1982.
21. Bayraktar,N.and Y.Wang. Foreign bank entry, performance of domestic banks and the sequence of financial liberalization [EB].World Bank Working Paper, 2004.
22. Berger ,A.N. , Hunter ,W.C. , Tinume , S.G. , The efficiency of financial institutions :a review and preview of research past ,present , and future [J] .Journal of Banking and Finance ,1993 ,.7(2 - 3) :221 - 249.
23. Berger, A. N., L. G. Goldberg, and L. J. White. The effects of dynamic changes in bank competition on the supply of small business credit [J]. European Finance Review , 2001, Vol.5.
24. Berger, Allen N., Qinglei Dai, Steven Ongena, and David C.Smith, To What Extent Will the Banking Industry Be Globalized? A Study of Bank Nationality and Reach in 20 European Nations[J], Journal of Banking and Finance, 2003.Vol. 27(March), pp. 383-415.
25. Berger, Allen N., Robert DeYoung, Hesna Genay, and Gregory F. Udell, Globalization of Financial Institutions: Evidence from Cross-Border Banking Performance[EB] in Brookings-Wharton Papers on Financial Services,2006. Vol. 3, ed. by Robert E. Litan and Anthony Santomero (Washington: Brookings Institution Press), pp. 23-120.
26. Blonigen B. Firm specific assets and the link between exchange rates and foreign direct investment[J].The American Economic Review 1997.Vol. 87.
27. Bollard, A. Supervising overseas-owned banks: New Zealand’s experience[R].Address to the Trans-Tasman Business Circle, Sydney, 2004.
28. Bonin, John P. and Wachtel, Paul. Privatization matters: Bank efficiency in transition countries [J]. Journal of Banking and Finance, 2005,Vol. 29.
29. Bollard, A. Supervising overseas-owned banks: New Zealand’s experience[R].Address to the Trans-Tasman Business Circle, Sydney, 2004.
30. Brealey R A, E C Kaplanis The determination of foreign banking location.[J].Journal of International Money and Finance, 1996,15: 577~597
31. Buch C M Why do banks go abroad evidence from German data.[J]. Financial Markets, Institutions and Instruments, 2000,9(1): 33~67
32. Buch, Claudia, and Gayle DeLong, Cross- Border Bank Mergers: What Lures the Rare Animal?[J] Journal of Banking and Finance, 2004,Vol. 28, pp. 2077-102.
33. Buch, C.M., Lipponer, A. Clustering or competition? The foreign investment behavior of German banks international [J]. Journal of Central Banking.2006.Vol. 2.
34. Buckley P.J. and Casson. M. The future of multinational enterprise[M] Macmillan,London.1976.
35. Chang, Sea- Jin and Rosenzweig, Philip M., Industry and Regional Patterns in Sequential Foreign Market Entry[M], Journal of Management Studies, 1998,35-36 .
36. Chames ,A.,Cooper ,W.,Rhodes E. Measuring the efficiency of decision making units[J].European Journal of operational research ,1978 ,2(6) :429 - 444.
37. C. Holthausen and T. Ronde. Cooperation in international banking supervision[EB].European Central Bank Working Paper. 2004.3
38. Claessens,S. and T.Glaessener. Internationalization of financial services in Asia[EB].World Bank Working Paper ,1998.
39. Claessens,S. D.Klingebiel.Alternative frameworks for providing financial services[J].World Bank Policy Research Working Paper,1999.
40. Claessens, S., Demirguc-Kunt, A. and Huizinga, H. How does foreign entry affect domestic banking markets?[J]. Journal of Banking and Finance, 2001, Vol.5.
41. Claessens and Luc., Laeven. Financial development, property rights, and growth [J], the Journal of Finance, 2003,.Vol.6.
42. Clarke, George, and others . Bank lending to small businesses in Latin America: does bank origin matter?[J]. Journal of Money, Credit, and Banking, 2005,Vol. 37.
43. Clarke, George R.G., Robert Cull, and Maria Soledad Martinez-Peria, Does foreign bank penetration reduce access to credit in developing countries? evidence from asking borrowers[A], working paper,2001.
44. Clarke G. Foreign bank entry: experience, implications for developing countries, and agenda for further research[R].World Bank Policy Research Working Paper, 2001.
45. Cardenas, F, J P Graf and P, Dogherty. Foreign bank entry in emerging market economies: a host country perspective [A].central bank papers submitted by Working Group members, 2003.
46. Claessens, S., Demirguc-Kunt, A. and Huizinga, H. How does foreign entry affect domestic banking markets?[J]. Journal of Banking and Finance, 2001.Vol. 25.
47. Claessens, Stijn, Competitive Implications of Cross-Border Banking[EB], 2006,Policy Research Working Paper No. 3854(Washington: World Bank).
48. Claessens, Stijn, and Neeltje Van Horen, Location Decisions of Foreign Banks and Competitive Advantage[EB],2007,Policy Research Working Paper No. 4113 (Washington:World Bank).
49. Coase, A. H. The nature of the firm[J], Economica, 1937.Vol.4.
50. Cerutti, Eugenio, Giovanni Dell’Ariccia, and Maria Soledad Martinez Peria, How Banks Go Abroad: Branches or Subsidiaries? [EB]2005,Policy Research Working Paper No. 3753(Washington: World Bank).
51. Dages, B. Gerard, Linda Goldberg, and Daniel Kinney, Foreign and Domestic Bank Participation in Emerging Markets:Lessons from Mexico and Argentina[J], Economic Policy Review, 2003,Vol. 6 (September), pp. 17-36.
52. Danthine, JP, F. Giavazzi, X. Vives and E. von Thadden, 1999 The Future of European Banking, CEPR.
53. Dell’Ariccia, G. and R. Marquez .Competition among Regulators and Credit Market Integration [M], mimeo. University of Maryland. 2003.
54. Detragiache, E and P Gupta. Foreign banks in emerging market crises: evidence from Malaysia [A].IMF Working Paper,2004.
55. Di Antonio, Mariotti, and Piscitello. Multinational banks in the global economy. evidence from the Italian Case[EB/OL]. EIBA Conference working paper.2003.
56. Dicken P., Global Shift[M], London: Paul Chapman Publishing, 1998,145-176.
57. Dixit, A., Pindyck, R. Investment under Uncertainty[M].Princeton University Press, Princeton. 1994.
58. Dimamd,D. Financial intermediation and delegated monitoring[M].Review of Economics Studies 51(3):393-411.
59. Domanski, Dietrich, Foreign Banks in Emerging Market Economies: Changing Players, Changing Issues [J]2005,BIS Quarterly Review (December).
60. Dunning, J. H. The determinants of international production [M]. Oxford Economic papers, 1973,25.
61. Dunning, J. H. The eclectic paradigm of international production: a restatement and some possible extensions [J]. Journal of International Business Studies. 1988. Vol. 19.
62. Dunning,J.H. Multinational enterprises and the global economy [M]. Wokinghann: Addison-Wesley Publishers. 1993.
63. Enrica Detragiache, Poonam Gupta and Thierry Tressel. Foreign banks in poor countries: theory and evidence [A].Paper presented at the 7th Jacques Polak Annual Research Conference Hosted by the IMF Washington, 2006.
64. Esperanca, J.P., and Gulambussen, M.A. Testing the following the customer hypothesis in multinational bank expansion[J]. Journal of Multinational Financial Management 2001,Vol.11.
65. Evan Kraft.Foreign Banks in Croatia: Reasons for Entry, Performance and Impacts[J]. Journal of Emerging Market Finance. 2004.Vol. 3, No. 2, 153-174 .
66. Farell , M.J. , The measurement of productive efficiency [J] . Journal of Royal StaticalSociety ,1990 (A) :253 - 281.
67. Fisher, A., and P. Molyneux. A note on the determinants of foreign bank activity in London between 1980 and 1989 [J]. Applied Financial Economics. 1996.Vol. 6.
68. Focarelli, D., Pozzolo, A.F. The patterns of cross-border bank mergers and shareholdings in OECD countries[J]Journal of Banking and Finance.2001.Vol.25.
69. Freixas X, Rochet J C Microeconomics of banking.[M]. Cambridge, MA: MIT Press,1997
70. Gale, Douglas and Hellwig, Martin. Incentive-Compatible Debt Contracts:The One-Period Problem[J].Review of Economic Studies,1985,52(171):647-663.
71. Galindo, A., Micco, A. and Serra, C. Better the devil that you know: evidence on entry costs faced by foreign banks[C].IDB. Research Department Working Paper. 2003. No.477.
72. Ghoshal, S. and Bartlett C.A., The Multinational Corporation as An Interorganizational Network[J], Academy of Management Review,1991, 15[ 4] , pp.603~625.
73. Giacomo Calzolari, Lóránth On the regulation of multinational banks[J].Rivista di Politica Economica, 2002,5(4): 275~304.
74. Giacomo Calzolari & Gy?ngyi Lóránth, Regulation of multinational banks - a theoretical inquiry[EB]Working Paper Series 431, European Central Bank. 2005.
75. Giannetti, Mariassunta, and Steven, Ongena. Financial integration and entrepreneurial activity: evidence from foreign bank entry in emerging markets[A] , mimeo, Stockholm School of Economics,2005.
76. Gilroy, Bernard. The choice between Greenfield investment and cross - border acquisition: A real option approach[J].The Quarterly review of economics and finance. 2006,July , Volume
46, Issue 3,447- 465.
77. Goldberg, L.G., and Saunders, A. The determinants of foreign banking activity in the United States [J]. Journal of Banking and Finance, 1981, Vol.5.
78. Goldberg, L.G., Johnson, D. The determinants of US banking activity abroad[J]. Journal of International Money and Finance.1990 .Vol.9.
79. Goldberg, L. and Kinney, D. Foreign and domestic bank participation in emerging markets: lessons from Mexico and Argentina [J]. Federal Reserve Bank of New York Economic Policy Review, 2000, Vol.6.
80. Gorton Gary, Andrew Winton Financial intermediation.[R].The Wharton Financial Institutions Center Working Papers,2002:1~138
81. Gormley, Todd .A banking competition in developing countries: does foreign bank entry improve credit access?[A]. Cambridge, Massachusetts: MIT working paper,2005.
82. Gray, J., and Gray, P. The multinational bank: a financial MNC[J]. Journal of Banking and Finance, 1981,Vol. 5.
83. Guillermo J. Escude, Tamara Burdisso, Laura D’Amato, and George McCandless. How much do SMEs borrow from the Banking System in Argentina?[EB]. Working paper, 2001.
84. Guillen, M. and Tschoegl, A. At last the internationalization of retail banking? the case of theSpanish banks in Latin America[[J/OL]]. Wharton Financial Institutions Center Working Paper.1999.
85. Haber, Stephen, and Aldo Musacchio. Foreign banks and the Mexican Economy [A]. Working paper, 2005.
86. Haas, Ralph and Lelyveld, Iman van. Foreign banks in Central and Eastern Europe: asset or risk factor? [EB] SSRN, 2003.
87. Hawkins, J.and D.Mihaljek. The banking industry in the emerging market economies: competition, consolidation and systematic stability-An Overview[EB]. BIS working Paper, 2001.
88. Hermes, N., Lensink, R., The impact of foreign bank entry on domestic banks in less developed countries: an econometric analysis[A]. Poznan University of Economics Working Papers, 2002, Vol 20.
89. Hongmo Sung, Harvey E. Lapan. Strategic Foreign Direct Investment and Exchange- Rate Uncertainty[J]. International Economic Review May, 2000.Vol. 41, No. 2. 411- 423.
90. Holthausen, C. and T. R?nde .Cooperation in International Banking Supervision:A Political Economy Approach[M] mimeo., University of Copenhagen.2003
91. Hymer, S.H. The International operations of national firms: a study of direct foreign investment [D]: Ph.D. Dissertation, MIT. 1969.
92. Janek Uiboupin. Short-term effects of foreign bank entry on bank performance in selected CEE countries [J/OL]. Bank of Estonia Working Papers. No. 2005,(4).
93. J.brandao de Brito and F.de Mello Sampayo. The timing and probability of FDI: An application to US multinational enterprises[J]. Applied Economics , 2005.37,417- 437.
94. Josep Garcia Blandón, The Timing of Foreign Direct Investment under Uncertainty: Evidence from the Spanish Banking Sector[J] Economics Working Papers 360, Department of Economics and Business, Universitat Pompeu Fabra. 1999.
95. Kelly Edmiston, Shannon Mudd and Neven Valev. Tax structures and FDI: The deterrent effects of complexity and uncertainty[J].Fiscal studies, 2003. Sep 24, 3, 341.
96. Kindleberger, Charles ,P. International banks as leaders or followers of international business, a historical perspective[J] , Journal of Banking and Finance, 1983.Vol.7.
97. Kim, H E and B Y Lee. The effects of foreign bank entry on the performance of private domestic banks in Korea [A], central bank papers submitted by Working Group members,2003.
98. Leland, H. and Pyle, D., Informational Asymmetries, Financial Structure and Financial intermediation[J], Journal of Finance.1997.32.2
99. Lensink R, N Hermes The short term effects of foreign bank entry on domestic bank behavior: Does economic development matter?.[J]. Journal of Banking and Finance, 2004,28(3): 553~568
100. Levine Ross. Foreign banks, financial development and economic growth [M], InternationalBusiness Markets: Harmonization Versus Competition, 1996.Washington DC, AEI Press.
101. Levy. Yeyati E., Panizza U. and Stein E. The cyclical nature of North-South FDI flows[C].Inter-American Development Bank working paper.2002.
102. Levy, Y.and Micco. Concentration and foreign penetration in Latin American banking sectors: impact on competition and risk [A]. Inter-American Development Bank Working Paper, 2003.
103. Leung, M.K., Rigby, D., and Young, T. Entry of foreign banks in the PRC: A survival analysis[J]. Applied Economics, .2003.35(1).
104. Leung MK, and Young T. Entry of foreign banks in Shanghai: implications for business strategies in an increasingly competitive market[J]. Managerial and Decision Economics. 2005.26.
105. Mahajan A, N Rangan, A Zardkoohi, Cost structure in multinational and domestic banking.[J].Journal of Banking and Finance, 1996,20: 283~306
106. Martinez Peria, Maria Soledad, and Ashoka Mody. How foreign participation and market concentration impact bank spreads: evidence from Latin America[J]. Journal of Money, Credit, and Banking, 2004,Vol. 36.
107. Mathieson and Roldos. The role of foreign banks in emerging markets[R]. paper presented at the 3rd Annual World Bank, IMF and Brookings Financial Markets and Development Conference, New York, 2001.
108. Mester ,L.J. ,A study of bank efficiency taking into account risk - preferences [J] .Journal of Banking and Finance ,1996 ,20(6) :1025 - 1045.
109. Merton , R. C., On the Application of the Continuous time Theory of Finance to Financial Intermediation and Insurance[J] Geneva Papers on Risk and Insurance Theory ,1989(14):225-261.
110. Merton,R.C., A Functional Perspective of Financial Intermediation[J].Financial Management. 1995.24, No.2.23-41.
111. Merton,R.C.and Bodie,Z.,Deposit Insurance Reform: A Functional Approach[J]. in A. Meltzer and C. Plosser.Eds. Carnegie Rochester Conference Series on Public Policy, 1993.38
112. Merton,R.C.and Bodie , Z. , A Framework for Analyzing the Financial System[J]. in Crane et al.,Eds. , The Global FinancialSystem : A Functional Perspective , Boston. MA , Harvard Business School Press.1995
113. Mian, A., Distance constraints: the limits of foreign lending in poor economies[J]. Journal of Finance, 2006, Vol.35.
114. Miller, S. R., Parkhe, A. Patterns in the Expansion of U.S. Banks’Foreign Operations[J]. Journal of International Business Studies, 2nd Quarter, 1998. Vol. 29.
115. M., Brownbridge and C., Harvey. Banking in Africa [M].Trenton, NJ: Africa World Press, 1998.
116. Morgan, D P and P E.Strahan, Foreign bank entry and business volatility: evidence from USstates and other countries [EB]. NBER Working Paper,2003.
117. Myers S C. Determinants of corporate borrowing[J] Journal of Financial Economics, 1977.5(2): 147-176.
118. Nakamura S. and Oyama T. The Determinants of foreign direct investment from Japan and the United States to East Asian countries, and the linkage between FDI and trade[C]. Bank of Japan Working Paper.1998.98-11
119. Natalia T.Tamirisa, Yougesh Khatri,Il Houng Lee,O. Liu , and Kanitta Meesook .Malaysia: from crisis to recovery [A].IMF Occasional Papers, International Monetary Fund. 2001.
120. Peek J, E and S. Rosengren. The international transmission of financial shocks: the case of Japan [J].American Economic Review, 1997,Vol.87.
121. Peek J,E and S Rosengren. Implications of the globalization of the banking sector: the Latin American experience [J].New England Economic Review,2000.
122. Pietra Rivoli, Eugene Salorio. Foreign Direct Investment and Investment under Uncertainty[J].Journal of International Business Studies, 1996. Vol.27, No.2.335- 357.
123. Prahalad, C.K. and Doz, Y.L., The Multinational Mission: Balancing Local Demands and Global Vision[M], New York: the Free Press. 1987.
124. Ralph de Haas and Iman van Lelyveld. Foreign banks and credit stability in the Central and Eastern Europe[R],DNB Staff Reports 2003,No.109.
125. Radelet S, Sachs J. The onset of the East Asian financial crisis [M]. Harvard University, 1998.
126. Ramon Moreno and Agustin Villar. The increased role of foreign bank entry in emerging markets [EB], BIS working paper, 2005.
127. Reinhart, C. and Reinhart V. What hurts most? G-3 exchange rate or interest rate volatility?[C]. Paper prepared for NBER Conference on Currency Crises. 2002.
128. Rezvanian R. ,Mehdian S. ,An examination of cost structure and production performance of commercial banks in Singapore[J].Journal of Banking and Finance ,2002,26(1) :79 - 98.
129. Repullo, R., A model of takeovers of foreign banks Spanish[J] Economic Review, 2001
3:1-21.
130. Sabi, M. An application of the theory of foreign direct investment to multinational banking in LDCs[J]. Journal of International Business Studies. 1988.Vol. 19.
131. Satta, T., The influence of foreign bank entry on lending to small firms in Tanzania[J]. The Journal of Policy Reform, 2004,Vol.7.
132. Seth, R.,Molyneux,P. and Remolona ,E. Modeling foreign bank performance and lending behavior[J] .Financial Markets, Institutions, and Instruments 1998.Vol.7 (4).
133. Scholtens Bert and Wensveen, Dick van, A Critique on the theory of financial intermediation [J] Journal of Banking & Finance , 2000(24):1243-1251.
134. Silvia Magri, Alessandra Mori and Paola Rossi. The entry and the activity level of foreign banks in Italy: An analysis of the determinants Journal of Banking and Finance. 2005.Vol.29.
135. Stein, Jeremy. Information production and capital allocation: decentralized versus hierarchical firms[J]. Journal of Finance, 2002, Vol. 57.
136. Thomsen S. Investment patterns in a longer-term perspective[C]. OECD Working Papers on International Investment. 2000 2.
137. Todd A. Gormley. Banking competition in developing countries: does foreign bank entry improve credit access?[EB]. MIT. Department of Economics. working paper,2005.
138. Torsten Wezel. Foreign bank entry into emerging economies: an empirical assessment of determinants and risks predicated on German FDI data [EB/OL].Deutsche Bundesbank working paper. 2005.
139. Trigeorgis L.The nature of option interactions and the valuation of investments with multiple real options[J] Journal of Financial and quantitative Analysis, 1993. 28(l): 1-20.
140. Ursacki, Terry , Vertinsky, Ilan, Choice of entry timing and scale by foreign banks in Japan and Korea[J] Journal of Banking and Finance, 1992, vol. 16(2), 405-421.
141. Von Der Ruhr,Michael Ryan.“Following”or“attracting”the customer? Japanese Banking FDI in Europe[J] Atlantic Economic Journal.2005.Vol.33
142. Walter,I., and Gray, P. Protectionism and international banking : sectoral efficiency, competitive structure and national policy[J]. Journal of Banking and Finance,1983,Vol.7.
143. Walter,I. Commercial bank penetration of the corporate securities market[M].John Wiley and Sons, New York,1985.
144. Weller, Scher. Financial liberalization, multinational banks and credit supply: the case of Poland[J]. International Review of Applied Economics. 2000.Vol.14 .
145. Wheelock ,D.C. ,Wilson , P.W. ,New evidence on returns to scale and product mix among U.S. commercial banks[J].Journal of Monetary Economics ,2001 ,47 (3) :653 -674.
146. Williams,B. Positive theories of multinational banking: eclectic theory versus internalization theory[J] Journal of Economic Surveys, 1997.Vol.11.
147. Xavier Freixas and Jean-Charles Rochet Microeconomics of Banking[M]. MIT Press.Cambridage, Massachusetts 1997
148. Yamori, N. A note on the location choice of multinational banks: The Case of Japanese financial institutions[J].Journal of Banking and Finance.1998.Vol. 22.
149. Yannopoulus, G. The growth of transnational banking[M]. Mark Casson. Editor. The Growth of International Business, London, George Allen and Irwin. 1983.
150. Zajc, P. The effect of foreign bank entry on domestic banks in Central and Eastern Europe[R], Paper for SUERF colloquium, 2003.19.
151.戴国强.上海财经大学现代金融研究中心:2006中国金融发展报告——金融开放与金融安全[M].上海:上海财经大学出版社.2006.
152.段婧.试论我国外资银行监管的法律问题[J],中国海洋大学学报(社会科学版), 2006.5.
153.戈建国.中国对外资银行的监管制度分析[J].金融论坛.2007.11:36-43.
154.黄宪、熊福平.外资银行在中国发展的经营动机和经营策略分析[J]金融研究2005.2.
155.姜建清.国际商业银行监管环境与体制[M]北京:中国金融出版社2006.
156.匡青松、胡君:论我国外资银行监管法制的不足与完善[J],湖南商学院学报, 2006.1.
157.李晓峰、王维、严佳佳.外资银行进入对我国银行效率影响的实证分析[J]财经科学2006.8
158.李希义.任若恩.国有商业银行效率变化及趋势分析[J].中国软科学,2004 , (.) :57 - 62.
159.李金泽.加拿大外国银行分行准入制度及其对我国的启示[J].现代法学.2003,2,131-134.
160.马学红.当前在华外资银行的核心业务[J]经济研究参考2004.45.
161.苗启虎、王海鹏.外资银行在华投资动因的实证研究[J]上海金融2004.8
162.邱延冰.外资银行进入对新兴市场国家金融业的影响[J]国际金融研究2001.8.
163.单豪志.外资银行进入对我国银行业稳健性的影响分析[J]商业银行经营与管理2004.8.
164.史建平.外资入股中资银行:问题与对策[J].金融与保险2005.6.
165.史纪良.银行监管比较研究[M],2005,中国金融出版社,216-217.
166.王晞.跨国银行进入中国决定因素的实证分析[J]金融研究2005.8
167.魏煜、王丽.中国商业银行效率研究:一种非参数的分析[J].金融研究,2000 , (3) :88 - 97.
168.谢守红、汪明峰.外资金融机构在中国的区位分布研究[J]人文地理,2004,3,50-55.
169.谢康.中国进入WTO对网上银行的挑战与对策研究[J]金融研究2001.5.
170.严骏伟.国际监管:跨国银行的金融规范[M]上海:上海社会科学院出版社高等教育出版社2001
171.叶欣.外资银行进入对中国银行业效率影响的实证研究[J]财经问题研究2006.2.
172.赵旭.国有商业银行效率的实证分析[J ].经济科学,2000 , (6) :45 - 50.
173.张诚、莫扬.我国银行业外资并购影响的因素分析[J]南开经济研究2003.6.
174.张建华.我国商业银行效率研究的DEA方法及1997 -2001年效率的实证分析[J ].金融研究,2003 (3) :11-15.
175.张建华.国外商业银行效率研究的最新进展及对我国的启示[J].国际金融研究,2003, (5) :22 - 27.
176.张杰.金融中介理论发展述评[J],中国社会科学.2001,6,74-84.
177.郑伯红、汤建中.跨国银行在华发展区位研究[J]世界地理研究,2001,10,21-28.
178.宗良.加入WTO后国内银行面临的网上银行竞争及相应对策[J]国际金融研究2000.8.
179.钟永红、李政.在华外资银行盈利能力影响因素的实证分析[J]国际金融研究2004.9
180.邹公明.生存模型的构造理论[M]上海上海财经大学出版社. 2005.