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Friends In High Places? Foreign Bank Ownership And Emerging Europe Sovereign Ratings Jun 08 Product Image

Friends In High Places? Foreign Bank Ownership And Emerging Europe Sovereign Ratings Jun 08

  • ID: 1833340
  • June 2008
  • Region: Europe
  • Standard & Poors

FEATURED COMPANIES

  • Bulgaria (Republic of)
  • Czech Republic
  • Hungary
  • Latvia (Republic of)
  • Poland (Republic of)
  • Serbia (Republic of)
  • MORE

Abstract
Foreign direct investment in the financial sectors of emerging Europe has expanded dramatically since the mid-1990s, particularly from Western Europe. One positive effect of foreign bank "parenting" has been to align the region's financial systems more closely with Western European standards. This has improved banks' risk management as well as the efficiency of capital allocation in the wider economy. In addition, foreign ownership is often seen to mitigate the risk of financial sector contingent liabilities for emerging European sovereigns, on the grounds that local banks in trouble could count on parent support. Given the importance of foreign bank "parenting", we have created an aggregate measure that aims to differentiate the extent to which, in the event of a crisis, parent...

Companies mentioned in this report are:
- Hungary
- Czech Republic
- Slovak Republic
- Poland (Republic of)
- Romania
- Kazakhstan (Republic of)
- Latvia (Republic of)
- Croatia (Republic of)
- Lithuania (Republic of)
- Estonia (Republic of)
- Bulgaria (Republic of)
- Serbia (Republic of)

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Note: Product cover images may vary from those shown

- Hungary
- Czech Republic
- Slovak Republic
- Poland (Republic of)
- Romania
- Kazakhstan (Republic of)
- Latvia (Republic of)
- Croatia (Republic of)
- Lithuania (Republic of)
- Estonia (Republic of)
- Bulgaria (Republic of)
- Serbia (Republic of)

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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