European Parliament Library

Foreign Bank Entry and Credit Allocation in Emerging Markets

Label
Foreign Bank Entry and Credit Allocation in Emerging Markets
Language
eng
Main title
Foreign Bank Entry and Credit Allocation in Emerging Markets
Medium
electronic resource
Nature of contents
dictionaries
Oclc number
870244772
Series statement
IMF Working Papers, v.Working Paper No. 09/270
Summary
We employ a unique data set containing bank-specific information to explore how foreign bank entry determines credit allocation in emerging markets. We investigate the impact of the mode of foreign entry (greenfield or takeover) on banks' portfolio allocation to borrowers with different degrees of informational transparency, as well as by maturities and currencies. The impact of foreign entry on credit allocation may stem from the superior performance of foreign entrants (""performance hypothesis""), or reflect borrower informational capture (""portfolio composition hypothesis""). Our results
Table Of Contents
Cover Page; Title Page; Copyright Page; Contents; I. Introduction; II. Literature Review: Theoretical Predictions and Empirical Evidence; A. Theory; B. Empirical literature; III. Data: Polish Banking Industry and Summary Statistics; 1. Definition of Variables; 2. Summary Statistics; IV. Empirical Analysis-Portfolio Allocation; A. Empirical Model; B. Results for Borrower Type-Portfolio Allocation; 3. Borrower Type: Share of Loans to Private Firms and Entrepreneurs; C. Results for Loans at Different Maturities-Portfolio Allocation4. Loan Maturity: Share of Loans by Maturity in Banks' PortfoliosD. Results for Loans in Foreign Currency-Portfolio Allocation; 5. Foreign Currency: Share of Loan Portfolio in Foreign Currency; V. Empirical Analysis-Loan Rates; A. Empirical Model; B. Results for the Average Bank Lending Rate; 6. Average Bank Lending Rate; C. Results for Borrower Types-Lending Rate; 7a. Loan Rates to Private Firms; 7b. Loan Rates to Entrepreneurs; D. Does Time Influence Lending Rates?; 8a. Loan Rates to Private Firms (with time effects); 8b. Loan Rates to Entrepreneurs (with time effects)VI. Findings for Domestic Banks9. Domestic Banks: Share of Loans to Private Firms and Entrepreneurs; 10. Domestic Banks: Nonperforming Loans for Private Firms and Entrepreneurs; VII. Conclusions; References; Footnotes