Foreign Banks Entry into the Estonian Market: Motives and Impact

• Autorzy: Janek Uiboupin , Velio Vensel
• Języki publikacji: EN

Abstrakty

EN

The entry of foreign banks into the Central and Eastern European countries (CEECs) markets has been rapid and remarkable. This paper presents some empirical results of foreign banks' entry, activities and operation in a small open economy (Estonia), soon joining the European Union integrated financial market. The main incentives motivating foreign entry have been a decision to use the customer following and/or market seeking strategy. Some possible implications of foreign banks' entry are discussed in the paper. Empirical evidence indicates that in Estonia foreign banks have not created a significant additional competition because of a very small market and a small number of banks. (original abstract)

Słowa kluczowe

EN

Foreign bank; Financial markets; Open economy; Small open economy

PL

Banki zagraniczne; Rynki finansowe; Gospodarka otwarta; Mała gospodarka otwarta

• Czasopismo: Raporty. Opracowania. Referaty / Akademia Ekonomiczna w Poznaniu
• Rocznik: 2002
• Numer: nr 20 Foreign Banks and Economic Transition: Papers in Progress
• Strony: 179--193

Twórcy

autor

Janek Uiboupin

• University of Tartu, Estonia

autor

Velio Vensel

• Tallinn University of Technology, Estonia

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