This paper examines the implications of foreign bank penetration on economic growth from the perspective of resource allocation in host countries. We use aggregate banking data, constructed from bank-level balance sheets and income statement information covering more than 1200 banks in the 35...

This paper examines whether the geographic distance between subsidiaries of multinational banks and their headquarters is an important factor in determining the performance of the subsidiaries. Using various performance indicators of 340 subsidiaries in 54 emerging and developing economies from...

Foreign bank penetration in emerging economies has been rising rapidly since the 1990s. This thesis examines its effects on host macroeconomic stability, the transmission of monetary policy through the bank lending channel, and its effects on the output in the host countries.The first essay...