publication . Book . 2004

Foreign direct investment in the financial sector of emerging market economies

Bank for International Settlements;
Open Access
  • Published: 01 Mar 2004
  • Publisher: Bank for International Settlements
Abstract
Executive summary Foreign participation in the financial sectors of emerging market economies (EMEs) increased rapidly during the 1990s. It has continued to expand so far in this decade, on balance – although its pace fell somewhat following problems in Argentina in 2002 and the global slowdown in mergers and acquisitions. While banks accounted for the majority of financial sector foreign direct investment (FSFDI), they were joined during this period by securities and investment firms. In a number of countries in Latin America and central and eastern Europe (CEE), foreign banks now account for a major share of total banking assets. In Asia, the share of foreign ...
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