Adler, Gustavo; Cerutti, Eugenio - International Monetary Fund (IMF) - 2015
The presence of foreign banks in emerging markets has increased markedly over the last two decades, raising questions … behavior of depositors vis-à-vis foreign banks. We rely on data from the banking crises in Argentina and Uruguay over the … period 1994-2002 to conduct the study. The paper focuses on three questions; (i) are foreign banks perceived as a safe haven …