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Foreign Bank Penetration and Private Sector Credit in Central and Eastern Europe

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Author Info

  • R. T.A. de Haas

    (Monetary and Economic Policy Department, De Nederlandsche Bank, r.t.a.de.haas@dnb.nl)

  • I. P.P van Lelyveld

    (Supervisory Policy Division, De Nederlandsche Bank, P.O. Box 98, 1000 AB, Amsterdam, The Netherlands)

Abstract

In this article, we analyse foreign bank penetration in Central and Eastern Europe (CEE) and its influence on private sector credit. By combining BIS data and BankScope data into a unique database we make a clear distinction between cross-border credit and credit by foreign bank subsidiaries. We show that the relative importance of foreign bank subsidiaries has increased considerably during recent years. We do not find evidence of foreign banks deserting CEE during financial crises or economic downturns. Although cross-border credit did decrease during some periods, foreign banks expanded the credit supply of their subsidiaries simultaneously.

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Bibliographic Info

Article provided by Institute for Financial Management and Research in its journal Journal of Emerging Market Finance.

Volume (Year): 3 (2004)
Issue (Month): 2 (August)
Pages: 125-151

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Handle: RePEc:sae:emffin:v:3:y:2004:i:2:p:125-151

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Web page: http://www.ifmr.ac.in

Related research

Keywords: Foreign banks; cross-border credit; financial stability; transition economies;

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  1. Fernando J. Cardim de Carvalho, 2000. "New competitive strategies of foreign banks in large emerging economies: the case of Brazil," Banca Nazionale del Lavoro Quarterly Review, Banca Nazionale del Lavoro, vol. 53(213), pages 135-169.
  2. Linda Goldberg & B. Gerard Dages & Daniel Kinney, 2000. "Foreign and Domestic Bank Participation in Emerging Markets: Lessons from Mexico and Argentina," NBER Working Papers 7714, National Bureau of Economic Research, Inc.
  3. Claessens, Stijn & Demirguc-Kunt, Asl[iota] & Huizinga, Harry, 2001. "How does foreign entry affect domestic banking markets?," Journal of Banking & Finance, Elsevier, vol. 25(5), pages 891-911, May.
  4. McKinnon, Ronald I & Pill, Huw, 1997. "Credible Economic Liberalizations and Overborrowing," American Economic Review, American Economic Association, vol. 87(2), pages 189-93, May.
  5. Peek, Joe & Rosengren, Eric S, 1997. "The International Transmission of Financial Shocks: The Case of Japan," American Economic Review, American Economic Association, vol. 87(4), pages 495-505, September.
  6. Schardax, Franz & Reininger, Thomas & Summer, Martin, 2001. "The Financial System in the Czech Republic, Hungary and Poland after a Decade of Transition," Discussion Paper Series 1: Economic Studies 2001,16, Deutsche Bundesbank, Research Centre.
  7. Hermes, Niels & Lensink, Robert, 2001. "The impact of foreign bank entry on domestic banking markets: a note," Research Report 01E62, University of Groningen, Research Institute SOM (Systems, Organisations and Management).
  8. Claessens, Stijn & Demirguc-Kunt, Asli & Huizinga, Harry, 1998. "How does foreign entry affect the domestic banking market?," Policy Research Working Paper Series 1918, The World Bank.
  9. Jennifer S. Crystal & B. Gerard Dages & Linda S. Goldberg, 2002. "Has foreign bank entry led to sounder banks in Latin America?," Current Issues in Economics and Finance, Federal Reserve Bank of New York, vol. 8(Jan).
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