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| Author: | Paula, L. F. R. de |
| Title: | Expansion Strategies of European Banks to Brazil and Their Impacts on the Brazilian Banking Sector |
| Journal: | Latin American Business Review
2002 : VOL. 3:4, p. 59-92 |
| Index terms: | EUROPE BANKING FOREIGN BANKS BRAZIL |
| Language: | eng |
| Abstract: | This paper aims at analyzing the main determinants and impacts of the recent wave of European banks entering Brazil. The principal hypothesis of the paper is that this wave can only be understood if one considers both external and internal determinants. External determinants concern the process of banking consolidation in the European financial system under the EMU that has stimulated some banks to expand abroad. Internal determinants are mainly related to the gradual flexibilization of legal restrictions with respect to the presence of foreign banks in the Brazilian banking sector. Finally, the paper evaluates the impacts of the recent entry of European banks into the retail banking market in Brazil. |
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