01841cas a2200265 a 4500 AALejournalIMF001062 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451856941 1018-5941 BD-DhAAL BD-DhAAL Barajas, Adolfo. Foreign Investment in Colombia's Financial Sector / Adolfo Barajas, Natalia Salazar, Roberto Steiner. Washington, D.C. : International Monetary Fund, 1999. 1 online resource (39 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This study analyzes foreign investment in Colombia's financial system, chronicling major changes in legislation, describing how investment flows evolved over time, and comparing performance of foreign-owned versus domestic banks. Panel data estimations reveal that financial liberalization in general had a beneficial impact on bank behavior in Colombia. Although the positive contribution of foreign entry may be overstated in recent studies by not controlling for other liberalization factors, foreign (and domestic) entry beginning in 1990 did improve bank behavior by enhancing operative efficiency and competition. However, this came at the expense of a deterioration in the loan quality of domestic banks. Mode of access: Internet Salazar, Natalia. Steiner, Roberto. IMF Working Papers; Working Paper ; No. 1999/150 Full text available on IMF http://elibrary.imf.org/view/journals/001/1999/150/001.1999.issue-150-en.xml IMF e-Library