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Más vale malo conocido: elementos de juicio sobre los costos de ingreso que encaran los bancos extranjeros

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Author Info
Arturo Galindo ()
Alejandro Micco
César Manuel Serra

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Abstract

(Disponible en idioma inglés únicamente) Las diferencias institucionales y jurídicas entre los países hacen aumentar los costos de entrada y reducen la capacidad de los bancos de expandirse en el exterior. Empleamos datos de la banca extranjera bilateral de 176 países para calcular un modelo de gravedad que explique la actividad bancaria bilateral, además de variables estándar, mediante diferencias jurídicas e institucionales. Hallamos que la banca foránea se ve afectada negativamente por diferencias absolutas del marco legal y de las instituciones básicas entre los países de origen y receptores. Por ejemplo, las diferencias en el origen legal reducen la participación bilateral en el sistema bancario en casi 11%. Además, no hallamos elementos de juicio sólidos que sugieran una asimetría en la adaptación a entornos institucionales o jurídicos mejores o peores.

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Paper provided by Inter-American Development Bank, Research Department in its series RES Working Papers with number 4314.

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Date of creation: Jan 2003
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Handle: RePEc:idb:wpaper:4314

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  12. Maria Soledad Martinez Peria, 2001. "Do Depositors Punish Banks for Bad Behavior? Market Discipline, Deposit Insurance, and Banking Crises," Journal of Finance, American Finance Association, vol. 56(3), pages 1029-1051, 06. [Downloadable!] (restricted)
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