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Between 1995 and 2005, foreign bank participation in Mexico rose from 2 percent of bank assets to 83 percent, as the … top five largest banks were acquired by foreigners. This paper examines the link between foreign bank acquisitions and … banking outreach. Using quarterly country, bank, and bank-municipality-level data, the authors find some contrasting patterns …
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Analysis of a panel data set for 1976-98 shows that on balance stock markets and banks positively influence economic growth; findings that do not result from biases induced by simultaneity, omitted variables, or unobserved country-specific effects
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