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Colombia's Treatment of Foreign Banks: A Precedent Setting Case?
Colombia's Treatment of Foreign Banks A Precedent Setting Case Author:James E. Boyce, Francois J. Lombard Published in 1976, Colombia's Treatment of Foreign Banks examines the impact of the recent Colombian Decree 295 requiring foreign banks to become joint ventures. The authors outline the key factors that have determined the treatment of foreign banks in Colombia - the historical role played by foreign investors in the country's development, the r... more »elative importance of the Colombian government, the Colombian banks, and the foreign banks. Professors Boyce and Lombard stress the importance of Decree 295 not only because it requires a critical decision for the foreign banks involved but also because is has precedent-setting implications for other Latin American and Thirst World countries.« less