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Foreign Banks: Trends and Impact

CLAESSENS, STIJN ; VAN HOREN, NEELTJE

Journal of money, credit and banking, 2014-02, Vol.46 (s1), p.295-326 [Periódico revisado por pares]

Columbus: Blackwell Publishing Ltd

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  • Título:
    Foreign Banks: Trends and Impact
  • Autor: CLAESSENS, STIJN ; VAN HOREN, NEELTJE
  • Assuntos: Bank assets ; Bank credit ; Bank markets ; Bank ownership ; Banking crises ; Banking industry ; Banks ; Business ownership ; Developing countries ; Emerging markets ; F21 ; F23 ; financial globalization ; Financial intermediaries ; financial sector development ; Foreign banks ; G21 ; Host country ; International banking ; Investment ; Market share ; Organizational behavior ; Ownership ; Studies
  • É parte de: Journal of money, credit and banking, 2014-02, Vol.46 (s1), p.295-326
  • Notas: ark:/67375/WNG-TTC2D6TJ-7
    istex:28EE2923713FF394C1CA26084AE6606F7CC14483
    World Bank's Research Support Budget
    ArticleID:JMCB12092
    United Kingdom's Department for International Development
    http://jmcb.osu.edu/claessens‐and‐van‐horen
    While extensive efforts have been undertaken to cross‐check information, we do not accept responsibility for the accuracy of the final data. The views expressed in this paper are those of the authors and do not necessarily represent those of the institutions with which they are or have been affiliated.
    and
    This paper was partly written while Van Horen was visiting the Research Department of the Federal Reserve Bank of Chicago. We would like to thank Thorsten Beck, David Marques‐Ibanez, an anonymous referee, and participants at the DNB‐JMCB conference Post‐Crisis Banking for valuable comments. We are grateful to Yiyi Bai, Tugba Gurcanlar, Matias Gutierrez, Joaquin Mercado, Lindsay Mollineaux, Deimante Morkunaite, Krisztina Orban, Jeanne Verrier, and Chen Yeh for their extensive help with collecting the data and providing excellent research assistance at various stages of this project. The data collection was started while the authors were at the World Bank, and financial support for this project from the World Bank's Research Support Budget and the United Kingdom's Department for International Development (DECRG trade and services project) is gratefully acknowledged. The database underlying this paper is made available online at
    http://www.dnb.nl/en/onderzoek‐2/databases/index.jsp
    ObjectType-Article-2
    SourceType-Scholarly Journals-1
    ObjectType-Feature-1
    content type line 23
  • Descrição: Over the past two decades, foreign banks have become much more important in domestic financial intermediation, heightening the need to understand their behavior. We introduce a new, comprehensive database, made publicly available, on bank ownership (including the home country of foreign banks) for 5,324 banks in 137 countries over the period 1995-2009. We document large increases in foreign bank presence in many countries, but with substantial heterogeneity in terms of host and banks' home countries, bilateral investment patterns, and bank characteristics. In terms of impact, we document that the relation between private credit and foreign bank presence importantly depends on host country and banks' characteristics. Specifically, foreign banks only seem to have a negative impact on credit in low-income countries, in countries where they have a limited market share, where enforcing contracts is costly and where credit information is limited available, and when they come from distant home countries. This shows that accounting for heterogeneity, including bilateral ownership, is crucial to better understand the implications of foreign bank ownership.
  • Editor: Columbus: Blackwell Publishing Ltd
  • Idioma: Inglês
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