登入選單
返回Google圖書搜尋
Foreign Bank Entry and Credit Allocation in Emerging Markets
Ms.Emilia Magdalena JurzykHans DegryseOlena HavrylchykSylwester Kozak
出版International Monetary Fund, 2009-12-01
主題Business & Economics / Banks & BankingBusiness & Economics / Money & Monetary PolicyBusiness & Economics / Industries / Financial Services
ISBN14518741549781451874150
URLhttp://books.google.com.hk/books?id=hoQYEAAAQBAJ&hl=&source=gbs_api
EBookSAMPLE
註釋We employ a unique data set containing bank-specific information to explore how foreign bank entry determines credit allocation in emerging markets. We investigate the impact of the mode of foreign entry (greenfield or takeover) on banks' portfolio allocation to borrowers with different degrees of informational transparency, as well as by maturities and currencies. The impact of foreign entry on credit allocation may stem from the superior performance of foreign entrants ("performance hypothesis"), or reflect borrower informational capture ("portfolio composition hypothesis"). Our results are broadly in line with the portfolio composition hypothesis, showing that borrower informational capture determines bank credit allocation.m