Showing 1 - 7 of 7
We suggest that foreign banks may represent a trade-off for their developing country hosts. A portfolio model is developed to show that a more diversified international bank may be one of lower, overall risk and less susceptible to funding shocks but may react more to shocks that affect expected...
Persistent link: https://www.econbiz.de/10010327056
This paper studies the relationship between creditor protection and credit volatility. During the negative phase of the business cycle, credit contracts more in countries with poor creditor protection. For similar shocks to business conditions, credit is more volatile in countries where...
Persistent link: https://www.econbiz.de/10010327078
is a cross section of 48 countries and the analysis covers the period 1980-1994. We use a new World Bank data set that …
Persistent link: https://www.econbiz.de/10010327144
This paper tests the efficiency of different structures of bank ownership in terms of its ability to target manufacturing sectors in need of credit. We find that state- owned banks do not play a significant role in the development of industries that rely more on external finance and/or that have...
Persistent link: https://www.econbiz.de/10010327162
effect is large enough, devaluations can be contractionary. Using a large panel of 57 countries across the world and various …
Persistent link: https://www.econbiz.de/10010278234
Institutional and legal differences between countries increase entry costs and reduce the ability of banks to expand abroad. We use bilateral foreign banking data for 176 countries to estimate a gravity model in which bilateral cross-border banking activity is explained, in addition to standard...
Persistent link: https://www.econbiz.de/10010327105
This paper estimates the impact of financial development on industry-level total factor productivity (TFP) growth using a largely unexploited panel of 77 countries with data for 26 manufacturing industries for the years 1963 to 2003. A significant relationship is found between financial...
Persistent link: https://www.econbiz.de/10010278217