Abstract
In their twenty years since their entry into Australia, foreign bank performance has been considered a failure. This paper will canvass this and related issues and argue that some of these perceptions may have been based upon inappropriate expectations. It will be argued that the foreign banks have been an important component in the ongoing process of Australian financial system efficiency improvement and globalisation.
Original language | English |
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Pages (from-to) | 39-51 |
Number of pages | 13 |
Journal | Economic Papers |
Volume | 25 |
Issue number | S1 |
DOIs | |
Publication status | Published - Dec 2006 |
Externally published | Yes |
Keywords
- Financial Regulation
- Foreign Banks
- Profitability