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Foreign Bank Presence in Developing Countries 1995-2006: Data and Trends

Stijn Claessens

International Monetary Fund (IMF); University of Amsterdam - Finance Group; Centre for Economic Policy Research (CEPR); Tinbergen Institute; European Corporate Governance Institute (ECGI)

Neeltje Van Horen

De Nederlandsche Bank

Tugba Gurcanlar

World Bank

Joaquin Mercado Sapiain

World Bank; London Business School

March 2008

This paper describes an extensive data collection effort on foreign bank entry and documents important trends and patterns in foreign banks' presence. The data collected cover the period 1995-2006 and include the full bilateral matrix of individual bank source and host countries, and the mode of entry. We document that there has been a sharp increase in foreign bank presence in most regions over this period, with especially low and lower middle income countries observing much new entry. We also show that banks from developing countries are becoming more prominent investors, especially in small developing countries and countries where income levels are low. Even though many of these banks are small in comparison to their high-income counterparts, they are very significant in many of the markets they do business in. The paper concludes, however, that the exact determinants of this changing pattern in foreign bank entry and its implications for domestic banking system performance - in terms of efficiency, competitiveness, access to finance and stability - remain to be investigated.

Number of Pages in PDF File: 51

Keywords: foreign direct investment, international banking, cross-border banking

JEL Classification: F21, F23, G21

working papers series

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Date posted: March 19, 2008  

Suggested Citation

Claessens, Stijn and van Horen, Neeltje and Gurcanlar, Tugba and Mercado Sapiain, Joaquin, Foreign Bank Presence in Developing Countries 1995-2006: Data and Trends (March 2008). Available at SSRN: http://ssrn.com/abstract=1107295 or http://dx.doi.org/10.2139/ssrn.1107295

Contact Information

Stijn Claessens (Contact Author)
International Monetary Fund (IMF) ( email )
700 19th Street NW
Washington, DC 20431
United States
202-623-7641 (Phone)
202-5897641 (Fax)
University of Amsterdam - Finance Group ( email )
Roetersstraat 18
Amsterdam, 1018 WB
+31 20 525 6020 (Phone)
+31 20 525 5285 (Fax)
HOME PAGE: http://www.fee.uva.nl/fm/index.htm
Centre for Economic Policy Research (CEPR)
77 Bastwick Street
London, EC1V 3PZ
United Kingdom
Tinbergen Institute ( email )
Burg. Oudlaan 50
Rotterdam, 3062 PA
European Corporate Governance Institute (ECGI)
B-1050 Brussels
HOME PAGE: http://www.ecgi.org
Neeltje Van Horen
De Nederlandsche Bank ( email )
PO Box 98
1000 AB Amsterdam
Amsterdam, 1000 AB

Tugba Gurcanlar
World Bank ( email )
1818 H Street NW
Washington, DC 20433
United States
202-684-1722 (Phone)
Joaquin Mercado Sapiain
World Bank ( email )
1818 H Street, NW
Washington, DC 20433
United States
London Business School ( email )
Sussex Place
Regent's Park
London, NW1 4SA
United Kingdom
+44 (0)20 7000 7599 (Phone)
+44(0)20 7000 7561 (Fax)
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