Showing 1 - 10 of 447
The recent wave of foreign investment in China's banks and the prospects of further opening of the banking sector under … stock of the involvement of foreign banks in the Chinese banking sector in the perspective of international experience … China appears to be well positioned to benefit from further opening of the banking sector to foreign investors …
Persistent link: https://www.econbiz.de/10005825702
This paper develops a stylized, small, open economy macro model that incorporates an explicit and non-trivial role for financial intermediation. It illustrates how such a model could be used for policy analysis in an emerging market economy where policymakers are concerned about risks associated...
Persistent link: https://www.econbiz.de/10008528675
This study assesses the determinants of banking system efficiency in sub-Saharan Africa (SSA) and asks what, besides …
Persistent link: https://www.econbiz.de/10008542987
Despite far-reaching banking sector reforms and a prolonged period of macroeconomic stability and strong economic … potential to increase cost efficiency and competition in the banking system. …
Persistent link: https://www.econbiz.de/10005768878
Substantial effort has been devoted to reforming China's banking system in recent years. The authorities recapitalized …
Persistent link: https://www.econbiz.de/10005769002
Recent developments have increased questions about vulnerabilities in Central and Eastern European Countries (CEE) that are experiencing credit booms. This paper analyzes the role of foreign-owned banks in these credit booms. The results show that the CEE countries depend on foreign banks, and...
Persistent link: https://www.econbiz.de/10005769320
This paper investigates the efficiency of domestic and foreign banks in the Central American region during 2002-07. Using two main empirical approaches, Data Envelopment Analysis and Stochastic Frontier Analysis, the paper finds that foreign banks are not necessarily more efficient than their...
Persistent link: https://www.econbiz.de/10008470391
We use bank level data to study the efficiency of banks in Sub-Saharan African middle-income countries and provide possible explanations for the difference in the efficiency levels of banks. We find that banks, on average, could save 20-30 percent of their total costs if they were operating...
Persistent link: https://www.econbiz.de/10012677473
We analyze a unique data set and uncover a remarkable result that casts a new light on the home bias phenomenon. The data are comprehensive, security-level holdings of emerging market equities by U.S. investors. We document, as expected, that at a point in time U.S. portfolios are tilted towards...
Persistent link: https://www.econbiz.de/10005825763
We re-examine the extent to which personal taxes on dividends are capitalized into the equity prices of domestic firms, using data from around the time of the 1997 U.K. dividend tax reform, which removed a significant tax credit for an important group of investors: U.K. pension funds. The...
Persistent link: https://www.econbiz.de/10005825898