In the decade prior to the financial crisis, foreign banks’ exposure to U.S.-dollar-denominated assets rose … establishing temporary reciprocal currency swap lines, or facilities, with foreign central banks designed to ameliorate dollar …

development and stabilization. The role played by foreign banks in achieving this goal, however, is still controversial. This … article brings new evidence to the debate over foreign participation by examining the lending patterns of domestic and foreign … banks in Argentina and Mexico during the 1990s. The authors conclude that foreign banks in both countries typically have …

Foreign direct investment (FDI) into the financial sectors of emerging economies soared during the 1990s, leaving many … countries with banking sectors owned primarily by foreign institutions. While the implications of FDI into emerging markets are … understanding of this relationship is crucial for countries formulating policy with respect to foreign banks. This article argues …