Alina Luca - Academia.edu (original) (raw)

Papers by Alina Luca

Research paper thumbnail of Does Distance Affect the Performance of Foreign Banks? Evidence from Multinational Banking in Developing Countries

This paper examines whether the geographic distance between subsidiaries of multinational banks a... more This paper examines whether the geographic distance between subsidiaries of multinational banks and their headquarters is an important factor in determining the performance of the subsidiaries. Using various performance indicators of 340 subsidiaries in 54 emerging and developing economies from 69 global banks during the years 1994-2008, we find evidence that first, the distance constraint adversely affects loan growth, profitability

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Research paper thumbnail of Does distance affect the performance of foreign banks? Evidence from multinational banking in developing countries

International Finance Review, 2010

This paper examines whether the geographic distance between subsidiaries of multinational banks a... more This paper examines whether the geographic distance between subsidiaries of multinational banks and their headquarters is an important factor in determining the performance of the subsidiaries. Using various performance indicators of 340 subsidiaries in 54 emerging and developing economies from 69 global banks during the years 1994-2008, we find evidence that first, the distance constraint adversely affects loan growth, profitability

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Research paper thumbnail of Twin Crises in Emerging Markets: The Role of Liability Dollarization and Imperfect Competition in Banking

Review of Development Economics, 2012

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Research paper thumbnail of Observation Interval for Evaluating the Costs of Surgical Interventions for Older Women With a New Diagnosis of Breast Cancer

Medical Care, 2001

Methods. The surgical treatment period as the 6 weeks following diagnosis is defined. Using a sam... more Methods. The surgical treatment period as the 6 weeks following diagnosis is defined. Using a sample of 205 women aged 65 and older and their Medicare claim files, the cost of treatment is estimated and the progression from first to subsequent surgical procedures ...

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Research paper thumbnail of Foreign Bank Penetration, Resource Allocation and Economic Growth: Evidence from Emerging Economies

Journal of Economic Integration, 2010

This paper examines the implications of foreign bank penetration on economic growth from the pers... more This paper examines the implications of foreign bank penetration on economic growth from the perspective of resource allocation in host countries. We use aggregate banking data, constructed from bank-level balance sheets and income statement information covering more than 1200 banks in the 35 emerging economies of Asia, Latin America and Eastern and Central Europe for the period from 1996 to

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Research paper thumbnail of Foreign bank penetration and the lending channel in emerging economies: Evidence from bank-level panel data

Talanta, 2011

This paper examines the main implications of recently increasing foreign bank penetration on bank... more This paper examines the main implications of recently increasing foreign bank penetration on bank lending as a channel of monetary policy transmission in emerging economies. Using a dynamic panel model of loan growth, we investigate the loan granting behavior of 1273 banks in the emerging economies of Asia, Latin America, and Central and Eastern Europe during the period from 1996 to 2003. Applying the pooled OLS, system GMM, and panel VAR estimators, we find consistent evidence that foreign banks are less responsive to monetary shocks in host countries, as they adjust their outstanding loan portfolios and interest rates to a lesser extent than domestic private banks, independent of their liquidity, capitalization, size, efficiency, and credit risk, and although there exists a bank lending channel in the emerging economies, it is declining in strength due to the increased level of foreign bank penetration. We also explore possible driving factors for the different responses of foreign and domestic banks to monetary policy shocks by investigating foreign banks’ different behavior during banking crises and tranquil periods, the effects of mode of entry to host countries, the home-country effects, and the response of foreign banks from OECD countries vs. all foreign countries including non-OECD countries. We suggest the access of foreign banks to funding from parent banks through internal capital markets as the most convincing explanation.► We examine the impact of foreign bank penetration on monetary policy transmission. ► Foreign banks are less responsive to monetary shocks than domestic banks. ► The bank lending channel in emerging economies is weakened due to foreign banks. ► We identify factors for different responses of foreign banks to monetary shocks.

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Research paper thumbnail of Does Distance Affect the Performance of Foreign Banks? Evidence from Multinational Banking in Developing Countries

This paper examines whether the geographic distance between subsidiaries of multinational banks a... more This paper examines whether the geographic distance between subsidiaries of multinational banks and their headquarters is an important factor in determining the performance of the subsidiaries. Using various performance indicators of 340 subsidiaries in 54 emerging and developing economies from 69 global banks during the years 1994-2008, we find evidence that first, the distance constraint adversely affects loan growth, profitability

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Research paper thumbnail of Does distance affect the performance of foreign banks? Evidence from multinational banking in developing countries

International Finance Review, 2010

This paper examines whether the geographic distance between subsidiaries of multinational banks a... more This paper examines whether the geographic distance between subsidiaries of multinational banks and their headquarters is an important factor in determining the performance of the subsidiaries. Using various performance indicators of 340 subsidiaries in 54 emerging and developing economies from 69 global banks during the years 1994-2008, we find evidence that first, the distance constraint adversely affects loan growth, profitability

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Research paper thumbnail of Twin Crises in Emerging Markets: The Role of Liability Dollarization and Imperfect Competition in Banking

Review of Development Economics, 2012

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Research paper thumbnail of Observation Interval for Evaluating the Costs of Surgical Interventions for Older Women With a New Diagnosis of Breast Cancer

Medical Care, 2001

Methods. The surgical treatment period as the 6 weeks following diagnosis is defined. Using a sam... more Methods. The surgical treatment period as the 6 weeks following diagnosis is defined. Using a sample of 205 women aged 65 and older and their Medicare claim files, the cost of treatment is estimated and the progression from first to subsequent surgical procedures ...

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Research paper thumbnail of Foreign Bank Penetration, Resource Allocation and Economic Growth: Evidence from Emerging Economies

Journal of Economic Integration, 2010

This paper examines the implications of foreign bank penetration on economic growth from the pers... more This paper examines the implications of foreign bank penetration on economic growth from the perspective of resource allocation in host countries. We use aggregate banking data, constructed from bank-level balance sheets and income statement information covering more than 1200 banks in the 35 emerging economies of Asia, Latin America and Eastern and Central Europe for the period from 1996 to

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Research paper thumbnail of Foreign bank penetration and the lending channel in emerging economies: Evidence from bank-level panel data

Talanta, 2011

This paper examines the main implications of recently increasing foreign bank penetration on bank... more This paper examines the main implications of recently increasing foreign bank penetration on bank lending as a channel of monetary policy transmission in emerging economies. Using a dynamic panel model of loan growth, we investigate the loan granting behavior of 1273 banks in the emerging economies of Asia, Latin America, and Central and Eastern Europe during the period from 1996 to 2003. Applying the pooled OLS, system GMM, and panel VAR estimators, we find consistent evidence that foreign banks are less responsive to monetary shocks in host countries, as they adjust their outstanding loan portfolios and interest rates to a lesser extent than domestic private banks, independent of their liquidity, capitalization, size, efficiency, and credit risk, and although there exists a bank lending channel in the emerging economies, it is declining in strength due to the increased level of foreign bank penetration. We also explore possible driving factors for the different responses of foreign and domestic banks to monetary policy shocks by investigating foreign banks’ different behavior during banking crises and tranquil periods, the effects of mode of entry to host countries, the home-country effects, and the response of foreign banks from OECD countries vs. all foreign countries including non-OECD countries. We suggest the access of foreign banks to funding from parent banks through internal capital markets as the most convincing explanation.► We examine the impact of foreign bank penetration on monetary policy transmission. ► Foreign banks are less responsive to monetary shocks than domestic banks. ► The bank lending channel in emerging economies is weakened due to foreign banks. ► We identify factors for different responses of foreign banks to monetary shocks.

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