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Private Chinese Investment in Africa : Myths and Realities

Shen, Xiaofang - 2013

Private Chinese outbound investment, not as well-known as government-led investment, offers special opportunities and … challenges for Africa today. The significance of Chinese private-sector investment is already visible in the burgeoning … this phenomenon with proactive development policies and strategies to maximize private Chinese investment for the benefit …

Persistent link: https://www.econbiz.de/10012557978

Financial Globalization in Emerging Countries : Diversification vs. Offshoring

Ceballos, Francisco; Didier, Tatiana; Schmukler, Sergio L. - 2012

Financial globalization has gathered attention since the early 1990s because of its macro-financial implications and growing importance. But financial globalization has taken shape via different forms over time. This paper examines two important, concurrent dimensions of financial globalization:...

Persistent link: https://www.econbiz.de/10012554536

Explaining the Migration of Stocks from Exchanges in Emerging Economies to International Centers

Claessens, Stijn; Klingebiel, Daniela; Schmukler, Sergio L. - 2013

The authors study the determinants of the growing migration of stock market activity to international financial centers. They use a sample of 77 countries and document that higher economic growth and more macroeconomic stability help stock market development. Countries with higher income per...

Persistent link: https://www.econbiz.de/10012559577

Is the Financial Safety Net a Barrier to Cross-Border Banking?

Bertay, Ata Can; Demirg????-Kunt, Asli; Huizinga, Harry - 2012

A bank's interest expenses rise with its degree of internationalization, measured by its share of foreign liabilities in total liabilities or a Herfindahl index of international liability concentration, especially if the bank is performing badly. The results in this paper suggest that an...

Persistent link: https://www.econbiz.de/10012550968

Foreign Bank Acquisitions and Outreach : Evidence from Mexico

Beck, Thorsten; Martinez Peria, Maria Soledad - 2012

Recently, developing countries have witnessed a sharp increase in foreign bank participation. The authors examine the impact on banking outreach using newly gathered data for Mexico, where foreign bank participation rose from 2 percent to 83 percent of assets during 1997-2005. Country-, bank-,...

Persistent link: https://www.econbiz.de/10012552445

Location Decisions of Foreign Banks and Competitive Advantage

Claessens, Stijn; Van Horen, Neeltje - 2012

While institutional differences have been found to affect country growth patterns, much has remained unexplained, including how economic actors "overcome" institutional weaknesses and how internationalization helps or hinders development. Banking is an institutionally-intensive activity and the...

Persistent link: https://www.econbiz.de/10012552564

Foreign Bank Participation and Crises in Developing Countries

Cull, Robert; Mart??nez Per??a, Mar??a Soledad - 2012

This paper describes the recent trends in foreign bank ownership in developing countries, summarizes the existing evidence on the causes and implications of foreign bank presence, and reexamines the link between banking crises and foreign bank participation. Using data on the share of banking...

Persistent link: https://www.econbiz.de/10012552578

Bank Privatization in Sub-Saharan Africa : The Case of Uganda Commercial Bank

Clarke, George R.G.; Cull, Robert; Fuchs, Michael - 2012

Previous empirical analyses have found that bank privatizations are more successful when the government fully relinquishes control, when the bank is privatized to a strategic investor, and when foreign-owned banks are allowed to participate in the bidding. The privatization of Uganda Commercial...

Persistent link: https://www.econbiz.de/10012552855

Banking Sector Openness and Economic Growth

Bayraktar, Nihal; Wang, Yan - 2012

Banking sector openness may directly affect growth by improving the access to financial services and indirectly by improving the efficiency of financial intermediaries, both of which reduce the cost of financing, and in turn, stimulate capital accumulation and economic growth. The objective of...

Persistent link: https://www.econbiz.de/10012553841

Bank Efficiency, Ownership and Market Structure : Why Are Interest Spreads So High in Uganda?

Beck, Thorsten; Hesse, Heiko - 2012

Using a unique bank-level data set on the Ugandan banking system during 1999-2005, the authors explore the factors behind consistently high interest rate spreads and margins. While foreign banks charge lower interest rate spreads, they do not find a robust and economically significant...

Persistent link: https://www.econbiz.de/10012553844