The Latin American banking sector has undergone a transformation in recent years because of changes in regulation and globalization as well as developments in telecommunications and information technology. A very important example of this has been financial liberalization wherein Latin America...

There has been growth in globalization as a result of increased liberalization. This has also resulted in an increase in the role of financial institutions, such as banks. It is the purpose of this study to test Classen’s (2001) hypothesis that increase foreign bank presence has positive...