Author : Mr.Stijn Claessens
Publisher : International Monetary Fund
ISBN 13 : 1451874189
Total Pages : 37 pages
Book Rating : 4.4/5 (518 download)
Book Synopsis Being a Foreigner Among Domestic Banks by : Mr.Stijn Claessens
Download or read book Being a Foreigner Among Domestic Banks written by Mr.Stijn Claessens and published by International Monetary Fund. This book was released on 2009-12-01 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: Studying a large number of banks in various countries between 1999 and 2006, we document that foreign banks perform better when from a high income country, when host country competition is limited, and when they are large and rely more on deposits for funding. Foreign banks' performance improves over time, possibly as they adapt, and is better when the home country is geographical or cultural (but not institutional) close to the host country. These findings show the importance of controlling for heterogeneity among foreign banks and help reconcile some contradictory results found in the literature on foreign banks' performance.