NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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B. Gerard Dages

Federal Reserve Bank of New York

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Institutional Affiliation: Federal Reserve Bank of New York

NBER Working Papers and Publications

May 2000Foreign and Domestic Bank Participation in Emerging Markets: Lessons from Mexico and Argentina
with Linda Goldberg, Daniel Kinney: w7714
The Asian Crisis has highlighted the importance of strong domestic financial systems in overall economic development and stabilization. Less agreement is evident on the role of foreign banks in achieving this goal. We explore this issue by studying bank-specific data on lending by domestically- and foreign-owned banks in Argentina and Mexico. We find that foreign banks generally have had higher loan growth rates than their domestically-owned counterparts, with lower volatility of lending, contributing to lower overall volatility of credit. Additionally, in both countries, foreign banks show notable credit growth during crisis periods. In Argentina, the loan portfolios of foreign and domestic privately-owned banks are similar, and lending rates analogously respond to aggregate demand flu...

Published: B. Gerard Dages & Linda Goldberg & Daniel Kinney, 2000. "Foreign and domestic bank participation in emerging markets: lessons from Mexico and Argentina," Economic Policy Review, Federal Reserve Bank of New York, issue Sep, pages 17-36. citation courtesy of

 
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