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Record Nr. |
UNINA9910788404903321 |
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Autore |
Detragiache Enrica |
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Titolo |
Foreign Banks in Poor Countries : : Theory and Evidence / / Enrica Detragiache, Poonam Gupta, Thierry Tressel |
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Pubbl/distr/stampa |
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Washington, D.C. : , : International Monetary Fund, , 2006 |
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ISBN |
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1-4623-5082-8 |
1-4519-9037-5 |
1-283-51528-8 |
9786613827739 |
1-4519-0814-8 |
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Descrizione fisica |
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1 online resource (50 p.) |
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Collana |
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Altri autori (Persone) |
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GuptaPoonam |
TresselThierry |
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Soggetti |
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Banks and banking, Foreign - Developing countries |
Banks and banking - Developing countries |
Banks and Banking |
Money and Monetary Policy |
Finance: General |
Banks |
Depository Institutions |
Micro Finance Institutions |
Mortgages |
Economic Development: Financial Markets |
Saving and Capital Investment |
Corporate Finance and Governance |
Monetary Policy, Central Banking, and the Supply of Money and Credit: General |
Financial Markets and the Macroeconomy |
Banking |
Monetary economics |
Finance |
Foreign banks |
Credit |
Bank credit |
Commercial banks |
Financial institutions |
Money |
Financial sector development |
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Financial markets |
Banks and banking, Foreign |
Banks and banking |
Financial services industry |
United States |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Nota di bibliografia |
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Includes bibliographical references. |
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Nota di contenuto |
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""Contents""; ""I. INTRODUCTION""; ""II. EMPIRICAL EVIDENCE ON FOREIGN BANKS IN POOR COUNTRIES""; ""III. CREAM-SKIMMING EFFECTS OF FOREIGN BANK ENTRY: THEORY""; ""IV. THE EMPIRICAL TEST: METHODOLOGY AND DATA""; ""V. RESULTS FROM THE EMPIRICAL TESTS""; ""VI. CONCLUSIONS""; ""Appendix I. Welfare Comparison under Alternative Equilibria""; ""Appendix II. Data Definitions, Sources, and Summary Statistics for Lower- Income Countries""; ""References"" |
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Sommario/riassunto |
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We study how foreign bank penetration affects financial sector development in poor countries. A theoretical model shows that when foreign banks are better at monitoring highend customers than domestic banks, their entry benefits those customers but may hurt other customers and worsen welfare. The model also predicts that credit to the private sector should be lower in countries with more foreign bank penetration. In the empirical section, we show that, in poor countries, a stronger foreign bank presence is robustly associated with less credit to the private sector both in cross-sectional and panel tests. In addition, in countries with more foreign bank penetration, credit growth is slower and there is less access to credit. We find no adverse effects of foreign bank presence in more advanced countries. |
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