banking sector

This paper analyzes the impact of foreign direct investment on domestic financial markets—more specifically on the credit constraints of domestic firms. It has been argued that FDI has a negative impact by crowding out domestic firms or by reducing profitability via product mark…

This dissertation consists of three empirical chapters that address different aspects of private capital flows and financial crises in Asian and Latin American emerging markets. Chapter 1 studies the different channels through which economies become vulnerable to currency crises…