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dc.contributor.authorHaouat, Meriemen_US
dc.contributor.authorMoccero, Diego Nicolasen_US
dc.contributor.authorSosa Navarro, Ramiroen_US
dc.date.accessioned2010-10-13en_US
dc.date.accessioned2011-12-15T13:18:32Z-
dc.date.available2011-12-15T13:18:32Z-
dc.date.issued2010en_US
dc.identifier.isbn978-92-9230-289-4en_US
dc.identifier.urihttp://hdl.handle.net/10419/54102-
dc.description.abstractForeign bank presence has substantially increased in Latin America during the second half of the 1990s, which has prompted an intense debate on its banking and macroeconomic consequences. In this paper, we apply ARCH techniques to jointly estimate the impact of foreign bank presence on the level and volatility of real credit in a panel of eight Latin American countries, using quarterly data over the period 1995:1-2001:4. Results show that, together with financial development, foreign bank presence has contributed to reduce real credit volatility, improving the buffer shock function of the banking sector. This finding is consistent with the fact that foreign banks are typically well diversified institutions holding higher quality assets and having access to a broad set of liquidity sources.en_US
dc.language.isoengen_US
dc.publisherWIDER Helsinkien_US
dc.relation.ispartofseriesWorking paper // World Institute for Development Economics Research 2010,52en_US
dc.subject.jelC33en_US
dc.subject.jelE51en_US
dc.subject.jelG21en_US
dc.subject.ddc330en_US
dc.subject.keywordforeign banksen_US
dc.subject.keywordcredit volatilityen_US
dc.subject.keywordLatin Americaen_US
dc.subject.keywordpanel dataen_US
dc.subject.keywordARCH techniquesen_US
dc.titleForeign banks and credit volatility: The case of Latin American countriesen_US
dc.typeWorking Paperen_US
dc.identifier.ppn636594270en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:WIDER Working Papers, United Nations University (UNU)

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