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Financial Crises And The Presence Of Foreign Banks, Adrian E. Tschoegl
Financial Crises And The Presence Of Foreign Banks, Adrian E. Tschoegl
Adrian E Tschoegl
Foreign banks have entered many transition and emerging economies in recent years, sometimes before economic and banking crises have developed, and often after. Today, in a number of countries foreign banks own as much as 90 per cent or more of the banking systems’ assets. The question then arises as to what the effect of the foreign presence is on crises. This chapter first discusses the motives, modes and regulation of foreign banks. In analyzing foreign entry, it is important to distinguish between classic or traditional foreign banks and the innovators, which in turn one can classify either as “bettors”, …
Foreign Banks In Bulgaria, 1875-2002, Adrian E. Tschoegl, Kenneth Koford
Foreign Banks In Bulgaria, 1875-2002, Adrian E. Tschoegl, Kenneth Koford
Adrian E Tschoegl
We apply the analogy from biology of ecological succession that follows natural disasters as a conceptual framework for the history of foreign banks in Bulgaria. We argue that the current predominance of foreign banks is unlikely to be permanent, even without government action. The argument should also apply to other countries that have incurred sever financial collapse. In the case of Bulgaria, foreign banks have entered several times—before World War I, after that war, and after the fall of Communism in the early 1990s. The same source countries and even some of the same banks that were present before World …