Foreign financial institutions bought overwhelming stakes in central and east European (CEE) banks during the postcommunist transition. Recent estimates suggest that foreign banks, mostly western, own over sixty percent of all CEE banking assets, and in seven CEE states, the figure is over...

Great credit risk is a big headache which blocks the development of the banking sector of China. Based on the panel data of the Chinese banking sector from 2002 to 2006, this paper empirically examines the effects of foreign strategic investors' participation on the risk behavior of Chinese...

The nexus between ownership and competition in the banking sector is a major concern to policymakers around the world but one that is rarely comprehensively examined. For 131 countries and 13 years we match bank ownership with over 50,000 bank-year estimates of individual bank market power. We...