First, using data on the presence of foreign banks via branching as well as subsidiaries, the study shows that the presence of foreign banks in the four crisis-hit countries is actually much larger than has been previously reported once the presence of foreign branches is accounted for in the...

This study examines the role of foreign banks in Latin America and Asia, focusing particularly on the effects of foreign banks on the stability of the financial sector.First, using data on the presence of foreign banks via branching as well as subsidiaries, the study shows that the presence of...