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

Author

Listed:
  • Arturo Galindo
  • Alejandro Micco
  • César Manuel Serra

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.

Suggested Citation

  • Arturo Galindo & Alejandro Micco & César Manuel Serra, 2003. "Más vale malo conocido: elementos de juicio sobre los costos de ingreso que encaran los bancos extranjeros," Research Department Publications 4314, Inter-American Development Bank, Research Department.
    • Handle: RePEc:idb:wpaper:4314
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