-term interest rates to the operating procedures of the countries' central banks. Previous studies have focused on key features of … details and in the style of central bank intervention, along both cross-sectional and time-series dimensions of our data. Our …

Foreign direct investment (FDI) into the financial sectors of emerging economies soared during the 1990s, leaving many … countries with banking sectors owned primarily by foreign institutions. While the implications of FDI into emerging markets are … understanding of this relationship is crucial for countries formulating policy with respect to foreign banks. This article argues …