“…There is evidence that foreign bank profitability is higher the longer the bank has operated in a country (Claessens and van Horen [17]), that cream-skimming-type behavior is less likely to occur when a foreign lender expands its existing operations within a country (Gormley [32]), and that foreign banks lend to more informationallyopaque borrowers as time passes (Degryse, Havrylchyk, Jurzyk, and Kozak [20]), but, to the author's knowledge, there is no direct analysis of whether the impact of foreign lender entry on overall credit, output, and growth changes with time after initial entry occurs.…”