Discussion paper

DP11957 Changing business models in international bank funding

This paper investigates the foreign funding mix of globally active banks. Using BIS international banking statistics for a panel of 12 advanced economies, we detect a structural break in international bank funding at the onset of the global financial crisis. In their post-break business model, banks rely less on cross-border liabilities and, instead, tap funds from outside their jurisdictions by making more active use of their subsidiaries and branches, as well as inter-office accounts within the same banking group.


Gambacorta, L, A van Rixtel and S Schiaffi (2017), ‘DP11957 Changing business models in international bank funding‘, CEPR Discussion Paper No. 11957. CEPR Press, Paris & London. https://cepr.org/publications/dp11957