05254oam 22012254 450 991078840490332120230828235741.01-4623-5082-81-4519-9037-51-283-51528-897866138277391-4519-0814-8(CKB)3360000000443701(EBL)3014382(SSID)ssj0000940866(PQKBManifestationID)11588681(PQKBTitleCode)TC0000940866(PQKBWorkID)10963537(PQKB)11578742(OCoLC)698585631(MiAaPQ)EBC3014382(IMF)WPIEE2006018(EXLCZ)99336000000044370120020129d2006 uf 0engur|n|---|||||txtccrForeign Banks in Poor Countries : Theory and Evidence /Enrica Detragiache, Poonam Gupta, Thierry TresselWashington, D.C. :International Monetary Fund,2006.1 online resource (50 p.)IMF Working Papers"January 2006."1-4518-6278-4 Includes bibliographical references.""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""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.IMF Working Papers; Working Paper ;No. 2006/018Banks and banking, ForeignDeveloping countriesBanks and bankingDeveloping countriesBanks and BankingimfMoney and Monetary PolicyimfFinance: GeneralimfBanksimfDepository InstitutionsimfMicro Finance InstitutionsimfMortgagesimfEconomic Development: Financial MarketsimfSaving and Capital InvestmentimfCorporate Finance and GovernanceimfMonetary Policy, Central Banking, and the Supply of Money and Credit: GeneralimfFinancial Markets and the MacroeconomyimfBankingimfMonetary economicsimfFinanceimfForeign banksimfCreditimfBank creditimfCommercial banksimfFinancial institutionsimfMoneyimfFinancial sector developmentimfFinancial marketsimfBanks and banking, ForeignimfBanks and bankingimfFinancial services industryimfUnited StatesimfBanks and banking, ForeignBanks and bankingBanks and BankingMoney and Monetary PolicyFinance: GeneralBanksDepository InstitutionsMicro Finance InstitutionsMortgagesEconomic Development: Financial MarketsSaving and Capital InvestmentCorporate Finance and GovernanceMonetary Policy, Central Banking, and the Supply of Money and Credit: GeneralFinancial Markets and the MacroeconomyBankingMonetary economicsFinanceForeign banksCreditBank creditCommercial banksFinancial institutionsMoneyFinancial sector developmentFinancial marketsBanks and banking, ForeignBanks and bankingFinancial services industryDetragiache Enrica120810Gupta Poonam1462097Tressel Thierry1463685International Monetary Fund.Research Dept.DcWaIMFBOOK9910788404903321Foreign Banks in Poor Countries3850020UNINA