Foreign banks in sub-Saharan Africa [Elektronische Ressource] : do south-south and north-south banks induce different effects on the efficiency of domestic banks? / vorgelegt von Birte Pohl

Foreign Banks in sub-Saharan Africa –Do South-South and North-South BanksInduce Different Effects on the Efficiency ofDomestic Banks?INAUGURALDISSERTATIONzurErlangung der Wurde¨eines Doktors derWirtschaftswissenschaftderFakultat fur Wirtschaftswissenschaft¨ ¨derRuhr-Universitat Bochum¨vorgelegt von¨Diplom-Okonomin Birte Pohlaus Dortmund2010iDekan: Prof. Dr. Helmut KarlReferent: Prof. Dr. Wim K¨ostersKorreferent: Prof. Dr. Thomas K. BauerTag der mundlichen Prufung: 03. November 2010¨ ¨ContentsList of Tables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . vList of Figures. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ixList of Abbreviations . . . . . . . . . . . . . . . . . . . . . . . . . . xList of Symbols . . . . . . . . . . . . . . . . . . . . . . . . . . . . . xiii1 Introduction 12 Economics of Multinational Banking 52.1 Theories of Multinational Banks . . . . . . . . . . . . . . . . . 52.1.1 Internalization Theory . . . . . . . . . . . . . . . . . . 62.1.2 Eclectic Theory . . . . . . . . . . . . . . . . . . . . . . 82.2 Effects of Foreign Bank Presence in Developing Countries . . . 152.2.1 Direct and Indirect Effects . . . . . . . . . . . . . . . . 152.2.2 Channels of Spillover Effects . . . . . . . . . . . . . . . 172.2.3 Determinants of Spillover Effects . . . . . . . . . . . . 202.3 The Opportunities For South-South Integration . . . . . . . . 263 Banking in sub-Saharan Africa 323.