Abstract
This chapter presents evidence that the impact of NAFTA on the direct banking presence of Canadian banks in the United States and U.S. banks in Canada may have been relatively modest. No post-NAFTA change in the level of banking activity, as measured by assets of Canadian banks in the United States and U.S. banks in Canada occurred, and the current market shares of Canadian banks in the United States and of U.S. banks in Canada appear to be low. Despite a less than central role for NAFTA in setting the agenda of international banking issues, important policy concerns remain. These include internal policy debates within NAFTA countries, because the legal and regulatory environment in each of the signatory countries affects banks from each of the other countries.
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Nolle, D.E. (1997). Integration and Globalization of the Canadian and U.S. Banking Industries: A Modest Role For NAFTA?. In: von Furstenberg, G.M. (eds) Regulation and Supervision of Financial Institutions in the NAFTA Countries and Beyond. Springer, Dordrecht. https://doi.org/10.1007/978-94-011-5374-4_8
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DOI: https://doi.org/10.1007/978-94-011-5374-4_8
Publisher Name: Springer, Dordrecht
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