crisis, but less so where the institutional environment is strong. In particular, respect for the rule of law, a low level of … corruption, and good contract enforcement are relevant institutional characteristics. The data also show that, after … liberalization, financially repressed countries tend to have improved financial development even if they experience a banking crisis …

the performance of domestic banks and a long-established group of foreign banks during the recent crisis in Malaysia. We …) and foreign banks not specialized in Asia. The latter group performed better than the rest during the crisis, maintaining …Foreign banks have greatly increased their presence in emerging market countries in recent years. This paper compares …