The lending channel in emerging economies: are foreign banks different?
This paper assembles a dataset comprising 1,565 banks in 20 Asian and Latin American countries during 1989-2001 and compares the response of the volume of loans, deposits, and bank-specific interest rates on loans and deposits, to various measures of monetary conditions, across domestic and foreign...
Gespeichert in:
| Hauptverfasser: | , , |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Cambridge, Mass.
National Bureau of Economic Research
2006
|
| Schriftenreihe: | Working paper series / National Bureau of Economic Research
12340 |
| Online-Zugang: | Volltext |
| Zusammenfassung: | This paper assembles a dataset comprising 1,565 banks in 20 Asian and Latin American countries during 1989-2001 and compares the response of the volume of loans, deposits, and bank-specific interest rates on loans and deposits, to various measures of monetary conditions, across domestic and foreign banks. It also looks for systematic differences in the behavior of domestic and foreign banks during periods of financial distress and tranquil times. Using differences in bank ownership as a proxy for financial constraints on banks, the paper finds weak evidence that foreign banks have a lower sensitivity of credit to monetary conditions relative to their domestic competitors, with the differences driven by banks with lower asset liquidity and/or capitalization. At the same time, the lending and deposit rates of foreign banks tend to be smoother during periods of financial distress, albeit the differences with domestic banks do not appear to be strong. These results provide weak support to the existence of supply-side effects in credit markets and suggest that foreign bank entry in emerging economies may have contributed somewhat to stability in credit markets. |
| Beschreibung: | Literaturverz. S. 30 - 31 |
| Beschreibung: | 62 S. graph. Darst. 22 cm |
Internformat
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| 100 | 1 | |a Arena, Marco |d 1973- |e Verfasser |0 (DE-588)132312824 |4 aut | |
| 245 | 1 | 0 | |a The lending channel in emerging economies |b are foreign banks different? |c Marco Arena ; Carment Reinhart ; Francisco Vázquez |
| 264 | 1 | |a Cambridge, Mass. |b National Bureau of Economic Research |c 2006 | |
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| 490 | 1 | |a Working paper series / National Bureau of Economic Research |v 12340 | |
| 500 | |a Literaturverz. S. 30 - 31 | ||
| 520 | |a This paper assembles a dataset comprising 1,565 banks in 20 Asian and Latin American countries during 1989-2001 and compares the response of the volume of loans, deposits, and bank-specific interest rates on loans and deposits, to various measures of monetary conditions, across domestic and foreign banks. It also looks for systematic differences in the behavior of domestic and foreign banks during periods of financial distress and tranquil times. Using differences in bank ownership as a proxy for financial constraints on banks, the paper finds weak evidence that foreign banks have a lower sensitivity of credit to monetary conditions relative to their domestic competitors, with the differences driven by banks with lower asset liquidity and/or capitalization. At the same time, the lending and deposit rates of foreign banks tend to be smoother during periods of financial distress, albeit the differences with domestic banks do not appear to be strong. These results provide weak support to the existence of supply-side effects in credit markets and suggest that foreign bank entry in emerging economies may have contributed somewhat to stability in credit markets. | ||
| 700 | 1 | |a Reinhart, Carmen M. |d 1955- |e Verfasser |0 (DE-588)128390883 |4 aut | |
| 700 | 1 | |a Vázquez, Francisco |e Verfasser |0 (DE-588)130414352 |4 aut | |
| 776 | 0 | 8 | |i Erscheint auch als |n Online-Ausgabe |
| 810 | 2 | |a National Bureau of Economic Research <Cambridge, Mass.> |t NBER working paper series |v 12340 |w (DE-604)BV002801238 |9 12340 | |
| 856 | 4 | 1 | |u http://papers.nber.org/papers/w12340.pdf |z kostenfrei |3 Volltext |
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Datensatz im Suchindex
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| id | DE-604.BV023592271 |
| illustrated | Illustrated |
| index_date | 2024-07-02T22:41:29Z |
| indexdate | 2024-07-09T21:25:12Z |
| institution | BVB |
| language | English |
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| physical | 62 S. graph. Darst. 22 cm |
| publishDate | 2006 |
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| publisher | National Bureau of Economic Research |
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| series2 | Working paper series / National Bureau of Economic Research |
| spelling | Arena, Marco 1973- Verfasser (DE-588)132312824 aut The lending channel in emerging economies are foreign banks different? Marco Arena ; Carment Reinhart ; Francisco Vázquez Cambridge, Mass. National Bureau of Economic Research 2006 62 S. graph. Darst. 22 cm txt rdacontent n rdamedia nc rdacarrier Working paper series / National Bureau of Economic Research 12340 Literaturverz. S. 30 - 31 This paper assembles a dataset comprising 1,565 banks in 20 Asian and Latin American countries during 1989-2001 and compares the response of the volume of loans, deposits, and bank-specific interest rates on loans and deposits, to various measures of monetary conditions, across domestic and foreign banks. It also looks for systematic differences in the behavior of domestic and foreign banks during periods of financial distress and tranquil times. Using differences in bank ownership as a proxy for financial constraints on banks, the paper finds weak evidence that foreign banks have a lower sensitivity of credit to monetary conditions relative to their domestic competitors, with the differences driven by banks with lower asset liquidity and/or capitalization. At the same time, the lending and deposit rates of foreign banks tend to be smoother during periods of financial distress, albeit the differences with domestic banks do not appear to be strong. These results provide weak support to the existence of supply-side effects in credit markets and suggest that foreign bank entry in emerging economies may have contributed somewhat to stability in credit markets. Reinhart, Carmen M. 1955- Verfasser (DE-588)128390883 aut Vázquez, Francisco Verfasser (DE-588)130414352 aut Erscheint auch als Online-Ausgabe National Bureau of Economic Research <Cambridge, Mass.> NBER working paper series 12340 (DE-604)BV002801238 12340 http://papers.nber.org/papers/w12340.pdf kostenfrei Volltext |
| spellingShingle | Arena, Marco 1973- Reinhart, Carmen M. 1955- Vázquez, Francisco The lending channel in emerging economies are foreign banks different? |
| title | The lending channel in emerging economies are foreign banks different? |
| title_auth | The lending channel in emerging economies are foreign banks different? |
| title_exact_search | The lending channel in emerging economies are foreign banks different? |
| title_exact_search_txtP | The lending channel in emerging economies are foreign banks different? |
| title_full | The lending channel in emerging economies are foreign banks different? Marco Arena ; Carment Reinhart ; Francisco Vázquez |
| title_fullStr | The lending channel in emerging economies are foreign banks different? Marco Arena ; Carment Reinhart ; Francisco Vázquez |
| title_full_unstemmed | The lending channel in emerging economies are foreign banks different? Marco Arena ; Carment Reinhart ; Francisco Vázquez |
| title_short | The lending channel in emerging economies |
| title_sort | the lending channel in emerging economies are foreign banks different |
| title_sub | are foreign banks different? |
| url | http://papers.nber.org/papers/w12340.pdf |
| volume_link | (DE-604)BV002801238 |
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