05473oam 22013214 450 991095902700332120250426110820.0978661382773997814623508271462350828978145199037914519903759781283515283128351528897814519081451451908148(CKB)3360000000443701(EBL)3014382(SSID)ssj0000940866(PQKBManifestationID)11588681(PQKBTitleCode)TC0000940866(PQKBWorkID)10963537(PQKB)11578742(OCoLC)698585631(IMF)WPIEE2006018(MiAaPQ)EBC3014382(IMF)WPIEA2006018WPIEA2006018(EXLCZ)99336000000044370120020129d2006 uf 0engur|n|---|||||txtccrForeign Banks in Poor Countries : Theory and Evidence /Enrica Detragiache, Poonam Gupta, Thierry Tressel1st ed.Washington, D.C. :International Monetary Fund,2006.1 online resource (50 p.)IMF Working Papers"January 2006."9781451862782 1451862784 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 countriesBank creditimfBankingimfBanks and BankingimfBanks and bankingimfBanks and banking, ForeignimfBanksimfCommercial banksimfCorporate Finance and GovernanceimfCreditimfDepository InstitutionsimfEconomic Development: Financial MarketsimfFinanceimfFinance: GeneralimfFinancial institutionsimfFinancial Markets and the MacroeconomyimfFinancial marketsimfFinancial sector developmentimfFinancial services industryimfForeign banksimfMicro Finance InstitutionsimfMonetary economicsimfMonetary Policy, Central Banking, and the Supply of Money and Credit: GeneralimfMoney and Monetary PolicyimfMoneyimfMortgagesimfSaving and Capital InvestmentimfUnited StatesimfBanks and banking, ForeignBanks and bankingBank creditBankingBanks and BankingBanks and bankingBanks and banking, ForeignBanksCommercial banksCorporate Finance and GovernanceCreditDepository InstitutionsEconomic Development: Financial MarketsFinanceFinance: GeneralFinancial institutionsFinancial Markets and the MacroeconomyFinancial marketsFinancial sector developmentFinancial services industryForeign banksMicro Finance InstitutionsMonetary economicsMonetary Policy, Central Banking, and the Supply of Money and Credit: GeneralMoney and Monetary PolicyMoneyMortgagesSaving and Capital InvestmentDetragiache Enrica120810Gupta Poonam1816118Tressel Thierry1804345International Monetary Fund.Research Dept.DcWaIMFBOOK9910959027003321Foreign Banks in Poor Countries4372468UNINA