Global Banking Crises and Emerging Markets
This timely reader of seminal papers published by Palgrave on behalf of Comparative Economic Studies, examines how and why foreign banks enter emerging markets and the positive benefits they bring to the host countries.
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Palgrave Readers in Economics This series brings together previously published papers by leading scholars to create authoritative and timely collections that contribute to economic debate across a range of topics. These volumes are aimed at graduate level students and beyond, to provide introductions to and coverage of key areas across the discipline. Titles include: Josef Brada and Paul Wachtel (editors) GLOBAL BANKING CRISES AND EMERGING MARKETS Spencer Henson and Fiona Yap (editors) THE POWER OF THE CHINESE DRAGON Implications for African Development Hercules Haralambides (editor) PORT MANAGEMENT Josef Brada, Paul Wachtel and Dennis Tao Yang (editors) CHINA’S ECONOMIC DEVELOPMENT
Palgrave Readers in Economics Series Standing Order ISBN 978–1–137–47589–3 (Hardback) (outside North America only) You can receive future titles in this series as they are published by placing a standing order. Please contact your bookseller or, in case of difficulty, write to us at the address below with your name and address, the title of the series and the ISBN quoted above. Customer Services Department, Macmillan Distribution Ltd, Houndmills, Basingstoke, Hampshire RG21 6XS, England
Global Banking Crises and Emerging Markets Edited by
Josef C. Brada Professor of Economics, Arizona State University, USA
and
Paul Wachtel Professor of Economics, Leonard N. Stern School of Business, New York University, USA
Selection, introduction and editorial matter © Josef C. Brada and Paul Wachtel 2016 Individual chapters © Association for Comparative Economic Studies 2016 All rights reserved. No reproduction, copy or transmission of this publication may be made without written permission. No portion of this publication may be reproduced, copied or transmitted save with written permission or in accordance with the provisions of the Copyright, Designs and Patents Act 1988, or under the terms of any licence permitting limited copying issued by the Copyright Licensing Agency, Saffron House, 6–10 Kirby Street, London EC1N 8TS. Any person who does any unauthorized act in relation to this publication may be liable to criminal prosecution and civil claims for damages. The authors have asserted their rights to be identified as the authors of this work in accordance with the Copyright, Designs and Patents Act 1988. First published 2016 by PALGRAVE MACMILLAN Palgrave Macmillan in the UK is an imprint of Macmillan Publishers Limited, registered in England, company number 785998, of Houndmills, Basingstoke, Hampshire RG21 6XS. Palgrave Macmillan in the US is a division of St Martin’s Press LLC, 175 Fifth Avenue, New York, NY 10010. Palgrave Macmillan is the global academic imprint of the above companies and has companies and representatives throughout the world. Palgrave® and Macmillan® are registered trademarks in the United States, the United Kingdom, Europe and other countries. ISBN 978-1-349-56185-8 ISBN 978-1-137-56905-9 (eBook) DOI 10.1007/978-1-137-56905-9 This book is printed on paper suitable for recycling and made from fully managed and sust
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