3. See Demirgüç-Kunt and Huizinga (1999), Claessens et al. (2001), Unite and Sullivan (2003) and Lensink and Hermes (2004).
4. Focarelli and Pozzolo (2000) find that banks that expand abroad are amongst the most efficient banks in their home country and come from the most developed banking markets. At the same time, they expand to countries in which the banking sectors are less efficient.
5. Dages et al. (2000), Peek and Rosengren (2000b), Goldberg (2001), Crystal et al. (2002), Martinez Peria et al. (2002) and De Haas and Van Lelyveld (2004, 2006).
6. Peek and Rosengren (1997, 2000a) and Van Rijckeghem and Weder (2001).
7. Dahl and Shrieves (1999), Buch (2000), Barajas and Steiner (2002), Jeanneau and Micu (2002), Morgan and Strahan (2004) and De Haas and Van Lelyveld (2006).
8. Calvo et al. (1993), Hernandez and Rudolph (1995), Dahl and Shrieves (1999), Goldberg (2001), Jeanneau and Micu (2002), Martinez Peria et al. (2002) and De Haas and Van Lelyveld (2006). Depending on the sample period and the sample of countries, some studies find a positive correlation between multinational-bank lending and the home-country business cycle, while other studies find a negative relationship.
Clarke, G., R. Cull, M.S. Martinez Peria and S.M. Sánchez (2005), Bank lending to small businesses in Latin America: Does bank origin matter?, Journal of Money, Credit, and Banking, 37, 83-118.
Crystal, J.S., B.G. Dages and L.S. Goldberg (2002), Has foreign bank entry led to sounder banks in Latin America?, Current Issues in Economics and Finance, 8(1), 1-6.
Dages, B.G., L.S. Goldberg and D. Kinney (2000), Foreign and domestic bank participation in emerging markets: Lessons from Mexico and Argentina, Federal Reserve Bank of New York Economic Policy Review, September, 17-36. [OpenAIRE]
Dahl, D. and R.E. Shrieves (1999), The extension of international credit by US banks: A disaggregated analysis, 1988-1994, Journal of International Money and Finance, 18, 153-167.
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De Haas, R.T.A. and I.J. Naaborg (2005), Does foreign bank entry reduce small firms' access to credit? Evidence from European transition economies, DNB Working Paper No. 50, De Nederlandsche Bank. [OpenAIRE]
De Haas, R.T.A. and I.P.P. Van Lelyveld (2004), Foreign bank penetration and private sector credit in Central and Eastern Europe, Journal of Emerging Market Finance, 3(2), 125-151.
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