The Global Credit Crunch and Foreign Banks' Lending to Emerging Markets: Why Did Latin America Fare Better?
The recent global financial turmoil raised questions about the stability of foreign banks'' financing to emerging market countries. While foreign banks'' lending growth to most emerging market regions contracted sharply, lending to Latin America and the Caribbean (LAC) was signif...
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
International Monetary Fund
2010
|
| Schriftenreihe: | IMF Working Papers
Working Paper No. 10/102 |
| Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
| Zusammenfassung: | The recent global financial turmoil raised questions about the stability of foreign banks'' financing to emerging market countries. While foreign banks'' lending growth to most emerging market regions contracted sharply, lending to Latin America and the Caribbean (LAC) was significantly more resilient. Analyzing detailed BIS data on global banks'' lending to LAC countries-whether extended directly by their headquarters abroad or by their local affiliates in host countries-we show that the propagation of the global credit crunch was significantly more muted in countries where most of foreign banks'' lending was channeled in domestic currency. We also show that foreign banks'' involvement in LAC has differed in fundamental ways from that in other regions, with most of their lending to LAC conducted by their local subsidiaries, denominated in domestic currency and funded from a domestic deposit base. These characteristics help explain why LAC has not been struck as hard as other emerging markets by the global deleveraging and pullback in foreign banks'' lending |
| Beschreibung: | 1 Online-Ressource (33 p) |
| ISBN: | 1455200611 9781455200610 |
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| illustrated | Not Illustrated |
| index_date | 2024-07-03T20:13:27Z |
| indexdate | 2024-07-10T09:35:36Z |
| institution | BVB |
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| language | English |
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| record_format | marc |
| series2 | IMF Working Papers |
| spelling | Rai, Kulwant Verfasser aut The Global Credit Crunch and Foreign Banks' Lending to Emerging Markets Why Did Latin America Fare Better? Rai, Kulwant Washington, D.C International Monetary Fund 2010 1 Online-Ressource (33 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 10/102 The recent global financial turmoil raised questions about the stability of foreign banks'' financing to emerging market countries. While foreign banks'' lending growth to most emerging market regions contracted sharply, lending to Latin America and the Caribbean (LAC) was significantly more resilient. Analyzing detailed BIS data on global banks'' lending to LAC countries-whether extended directly by their headquarters abroad or by their local affiliates in host countries-we show that the propagation of the global credit crunch was significantly more muted in countries where most of foreign banks'' lending was channeled in domestic currency. We also show that foreign banks'' involvement in LAC has differed in fundamental ways from that in other regions, with most of their lending to LAC conducted by their local subsidiaries, denominated in domestic currency and funded from a domestic deposit base. These characteristics help explain why LAC has not been struck as hard as other emerging markets by the global deleveraging and pullback in foreign banks'' lending Online-Ausg Kamil, Herman Sonstige oth http://elibrary.imf.org/view/IMF001/10901-9781455200610/10901-9781455200610/10901-9781455200610.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Rai, Kulwant The Global Credit Crunch and Foreign Banks' Lending to Emerging Markets Why Did Latin America Fare Better? |
| title | The Global Credit Crunch and Foreign Banks' Lending to Emerging Markets Why Did Latin America Fare Better? |
| title_auth | The Global Credit Crunch and Foreign Banks' Lending to Emerging Markets Why Did Latin America Fare Better? |
| title_exact_search | The Global Credit Crunch and Foreign Banks' Lending to Emerging Markets Why Did Latin America Fare Better? |
| title_exact_search_txtP | The Global Credit Crunch and Foreign Banks' Lending to Emerging Markets Why Did Latin America Fare Better? |
| title_full | The Global Credit Crunch and Foreign Banks' Lending to Emerging Markets Why Did Latin America Fare Better? Rai, Kulwant |
| title_fullStr | The Global Credit Crunch and Foreign Banks' Lending to Emerging Markets Why Did Latin America Fare Better? Rai, Kulwant |
| title_full_unstemmed | The Global Credit Crunch and Foreign Banks' Lending to Emerging Markets Why Did Latin America Fare Better? Rai, Kulwant |
| title_short | The Global Credit Crunch and Foreign Banks' Lending to Emerging Markets |
| title_sort | the global credit crunch and foreign banks lending to emerging markets why did latin america fare better |
| title_sub | Why Did Latin America Fare Better? |
| url | http://elibrary.imf.org/view/IMF001/10901-9781455200610/10901-9781455200610/10901-9781455200610.xml |
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