Abstract
Charles Goodhart, the British economist, once described banks as international in life, but national in death. This is true of every institution that operates in the global market for financial services, and most particularly for the larger ones engaging in cross-border wholesale and investment banking. The home country of a bank is where it was originally instituted and, in the majority of cases, quoted on the stock exchange.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Notes
D. N. Chorafas, Globalization’s Limits: Conflicting National Interests in Trade and Finance, Gower, London, 2009.
D. N. Chorafas, Sovereign Debt Crisis, the New Normal and the New Poor, Palgrave Macmillan, Basingstoke, 2011.
Richard P. Feynman, Adventures of a Curious Character, W. W. Norton, New York, 1985.
Copyright information
© 2012 Dimitris N. Chorafas
About this chapter
Cite this chapter
Chorafas, D.N. (2012). Home-Host Issues Haunt Bankers and Regulators. In: Basel III, the Devil and Global Banking. Palgrave Macmillan Studies in Banking and Financial Institutions. Palgrave Macmillan, London. https://doi.org/10.1057/9780230358423_7
Download citation
DOI: https://doi.org/10.1057/9780230358423_7
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-34610-3
Online ISBN: 978-0-230-35842-3
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)