Foreign Bank Entry and Credit Allocation in Emerging Markets /

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...

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Bibliographic Details
Main Author: Kozak, Sylwester
Other Authors: Degryse, Hans, Havrylchyk, Olena, Jurzyk, Emilia
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2009.
Series:IMF Working Papers; Working Paper ; No. 2009/270
Online Access:Full text available on IMF
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100 1 |a Kozak, Sylwester. 
245 1 0 |a Foreign Bank Entry and Credit Allocation in Emerging Markets /  |c Sylwester Kozak, Emilia Jurzyk, Hans Degryse, Olena Havrylchyk. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2009. 
300 |a 1 online resource (43 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a 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 are broadly in line with the portfolio composition hypothesis, showing that borrower informational capture determines bank credit allocation.m. 
538 |a Mode of access: Internet 
700 1 |a Degryse, Hans. 
700 1 |a Havrylchyk, Olena. 
700 1 |a Jurzyk, Emilia. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2009/270 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2009/270/001.2009.issue-270-en.xml  |z IMF e-Library