We employ a unique dataset to study the impact of foreign bank ownership and mode of entry on banks’ lending rates to … transparent and opaque borrowers. We find that greenfield banks charge lower lending rates on average and we test for two … impact on banks’ portfolio composition in terms of borrowers, maturity, and currency. After controlling for these differences …

-bail-out world, the trade-off between financial stability and the cost of capital, the feasibility for central banks to manage their …