This paper explores why Spanish banks internationalise and why Latin America has been the main region for the international expansion of BBVA and Santander. It shows that prior to 1986 Spanish banks had a limited presence abroad, and analyses the main drivers of this initial expansion...

The political dimension of finance in economic development / Stephan Haggard and Chung H. Lee -- Financial policy and big business in Korea : the perils of financial regulation / Byung-Sun Choi -- Guarding the commanding heights : the state as banker in Taiwan / Tun-Jen Cheng -- The politics of...