Foreign Banks in Poor Countries: Theory and Evidence
研究外资银行进入如何影响贫穷国家的金融发展。理论模型表明，当本国银行在监控软信息客户方面优于外资银行时，外资银行进入可能损害这些客户并降低福利，同时减少私人部门信贷。实证分析支持理论预测。
ABSTRACT We study how foreign bank penetration affects financial sector development in poor countries. A theoretical model shows that when domestic banks are better than foreign banks at monitoring soft information customers, foreign bank entry may hurt these customers and worsen welfare. The model also predicts that credit to the private sector should be lower in countries with more foreign bank penetration, and that foreign banks should have a less risky loan portfolio. In the empirical section, we test these predictions for a sample of lower income countries and find support for the theoretical model.