The domestic credit supply response to international bank deleveraging: Is Asia different?
Gespeichert in:
1. Verfasser: | |
---|---|
Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C.
International Monetary Fund, Asia and Pacific Dept.
2012
|
Schriftenreihe: | IMF working paper
WP/12/258 |
Schlagworte: | |
Online-Zugang: | Volltext |
Beschreibung: | "October 2012" "During the global financial crisis, European banks contracted foreign claims on recipient economies sharply. This paper examines the impact of that deleveraging on credit supply in recipient economies, with a particular focus on Asia. Identification is achieved by exploiting heterogeneity in ex-ante patterns of funding reliance on different European banking systems, and in variation in the ratio of local claims in local currency to total foreign claims in recipient economies. These sources of variation are used to create instruments for the deleveraging shock. The authors find that the contraction in European bank foreign claims was associated with a substantial reduction in domestic credit supply in a broad sample of countries. However, the credit supply response in Asia was only about half the size of the response in non-Asian countries, possibly due to a more robust policy response and healthier local bank balance sheets at the outset of the crisis."- -Abstract |
Beschreibung: | 1 Online-Ressource (15 p.) |
ISBN: | 9781475562347 1475562349 |
Internformat
MARC
LEADER | 00000nmm a2200000zcb4500 | ||
---|---|---|---|
001 | BV042959158 | ||
003 | DE-604 | ||
005 | 00000000000000.0 | ||
007 | cr|uuu---uuuuu | ||
008 | 151030s2012 |||| o||u| ||||||eng d | ||
020 | |a 9781475562347 |c electronic bk. |9 978-1-4755-6234-7 | ||
020 | |a 1475562349 |c electronic bk. |9 1-4755-6234-9 | ||
035 | |a (OCoLC)815570499 | ||
035 | |a (DE-599)BVBBV042959158 | ||
040 | |a DE-604 |b ger |e aacr | ||
041 | 0 | |a eng | |
082 | 0 | |a 332.1095 |2 23 | |
100 | 1 | |a Aiyar, Shekhar |e Verfasser |4 aut | |
245 | 1 | 0 | |a The domestic credit supply response to international bank deleveraging |b Is Asia different? |c Shekhar Aiyar and Sonali Jain-Chandra |
264 | 1 | |a Washington, D.C. |b International Monetary Fund, Asia and Pacific Dept. |c 2012 | |
300 | |a 1 Online-Ressource (15 p.) | ||
336 | |b txt |2 rdacontent | ||
337 | |b c |2 rdamedia | ||
338 | |b cr |2 rdacarrier | ||
490 | 0 | |a IMF working paper |v WP/12/258 | |
500 | |a "October 2012" | ||
500 | |a "During the global financial crisis, European banks contracted foreign claims on recipient economies sharply. This paper examines the impact of that deleveraging on credit supply in recipient economies, with a particular focus on Asia. Identification is achieved by exploiting heterogeneity in ex-ante patterns of funding reliance on different European banking systems, and in variation in the ratio of local claims in local currency to total foreign claims in recipient economies. These sources of variation are used to create instruments for the deleveraging shock. The authors find that the contraction in European bank foreign claims was associated with a substantial reduction in domestic credit supply in a broad sample of countries. However, the credit supply response in Asia was only about half the size of the response in non-Asian countries, possibly due to a more robust policy response and healthier local bank balance sheets at the outset of the crisis."- -Abstract | ||
610 | 1 | 7 | |a Global Financial Crisis (2008-2009) |2 fast |
648 | 7 | |a 2008 - 2009 |2 fast | |
650 | 7 | |a BUSINESS & ECONOMICS / Banks & Banking |2 bisacsh | |
650 | 7 | |a Bank liquidity |2 fast | |
650 | 7 | |a Bank loans |2 fast | |
650 | 7 | |a Banks and banking, European |2 fast | |
650 | 4 | |a Wirtschaft | |
650 | 4 | |a Banks and banking, European |z Asia | |
650 | 4 | |a Bank loans |z Asia | |
650 | 4 | |a Bank liquidity |z Asia | |
650 | 4 | |a Global Financial Crisis, 2008-2009 | |
651 | 4 | |a Asien | |
700 | 1 | |a Jain-Chandra, Sonali |e Sonstige |4 oth | |
710 | 2 | |a International Monetary Fund |b Asia and Pacific Department |e Sonstige |4 oth | |
856 | 4 | 0 | |u http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=516445 |x Aggregator |3 Volltext |
912 | |a ZDB-4-EBU | ||
940 | 1 | |q FLA_PDA_EBU | |
999 | |a oai:aleph.bib-bvb.de:BVB01-028385025 |
Datensatz im Suchindex
_version_ | 1804175278597996544 |
---|---|
any_adam_object | |
author | Aiyar, Shekhar |
author_facet | Aiyar, Shekhar |
author_role | aut |
author_sort | Aiyar, Shekhar |
author_variant | s a sa |
building | Verbundindex |
bvnumber | BV042959158 |
collection | ZDB-4-EBU |
ctrlnum | (OCoLC)815570499 (DE-599)BVBBV042959158 |
dewey-full | 332.1095 |
dewey-hundreds | 300 - Social sciences |
dewey-ones | 332 - Financial economics |
dewey-raw | 332.1095 |
dewey-search | 332.1095 |
dewey-sort | 3332.1095 |
dewey-tens | 330 - Economics |
discipline | Wirtschaftswissenschaften |
era | 2008 - 2009 fast |
era_facet | 2008 - 2009 |
format | Electronic eBook |
fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>02822nmm a2200505zcb4500</leader><controlfield tag="001">BV042959158</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="005">00000000000000.0</controlfield><controlfield tag="007">cr|uuu---uuuuu</controlfield><controlfield tag="008">151030s2012 |||| o||u| ||||||eng d</controlfield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">9781475562347</subfield><subfield code="c">electronic bk.</subfield><subfield code="9">978-1-4755-6234-7</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">1475562349</subfield><subfield code="c">electronic bk.</subfield><subfield code="9">1-4755-6234-9</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)815570499</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)BVBBV042959158</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield><subfield code="e">aacr</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="082" ind1="0" ind2=" "><subfield code="a">332.1095</subfield><subfield code="2">23</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Aiyar, Shekhar</subfield><subfield code="e">Verfasser</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">The domestic credit supply response to international bank deleveraging</subfield><subfield code="b">Is Asia different?</subfield><subfield code="c">Shekhar Aiyar and Sonali Jain-Chandra</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Washington, D.C.</subfield><subfield code="b">International Monetary Fund, Asia and Pacific Dept.</subfield><subfield code="c">2012</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 Online-Ressource (15 p.)</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="490" ind1="0" ind2=" "><subfield code="a">IMF working paper</subfield><subfield code="v">WP/12/258</subfield></datafield><datafield tag="500" ind1=" " ind2=" "><subfield code="a">"October 2012"</subfield></datafield><datafield tag="500" ind1=" " ind2=" "><subfield code="a">"During the global financial crisis, European banks contracted foreign claims on recipient economies sharply. This paper examines the impact of that deleveraging on credit supply in recipient economies, with a particular focus on Asia. Identification is achieved by exploiting heterogeneity in ex-ante patterns of funding reliance on different European banking systems, and in variation in the ratio of local claims in local currency to total foreign claims in recipient economies. These sources of variation are used to create instruments for the deleveraging shock. The authors find that the contraction in European bank foreign claims was associated with a substantial reduction in domestic credit supply in a broad sample of countries. However, the credit supply response in Asia was only about half the size of the response in non-Asian countries, possibly due to a more robust policy response and healthier local bank balance sheets at the outset of the crisis."- -Abstract</subfield></datafield><datafield tag="610" ind1="1" ind2="7"><subfield code="a">Global Financial Crisis (2008-2009)</subfield><subfield code="2">fast</subfield></datafield><datafield tag="648" ind1=" " ind2="7"><subfield code="a">2008 - 2009</subfield><subfield code="2">fast</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">BUSINESS & ECONOMICS / Banks & Banking</subfield><subfield code="2">bisacsh</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">Bank liquidity</subfield><subfield code="2">fast</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">Bank loans</subfield><subfield code="2">fast</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">Banks and banking, European</subfield><subfield code="2">fast</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Wirtschaft</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Banks and banking, European</subfield><subfield code="z">Asia</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Bank loans</subfield><subfield code="z">Asia</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Bank liquidity</subfield><subfield code="z">Asia</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Global Financial Crisis, 2008-2009</subfield></datafield><datafield tag="651" ind1=" " ind2="4"><subfield code="a">Asien</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Jain-Chandra, Sonali</subfield><subfield code="e">Sonstige</subfield><subfield code="4">oth</subfield></datafield><datafield tag="710" ind1="2" ind2=" "><subfield code="a">International Monetary Fund</subfield><subfield code="b">Asia and Pacific Department</subfield><subfield code="e">Sonstige</subfield><subfield code="4">oth</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="u">http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=516445</subfield><subfield code="x">Aggregator</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-4-EBU</subfield></datafield><datafield tag="940" ind1="1" ind2=" "><subfield code="q">FLA_PDA_EBU</subfield></datafield><datafield tag="999" ind1=" " ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-028385025</subfield></datafield></record></collection> |
geographic | Asien |
geographic_facet | Asien |
id | DE-604.BV042959158 |
illustrated | Not Illustrated |
indexdate | 2024-07-10T07:13:45Z |
institution | BVB |
isbn | 9781475562347 1475562349 |
language | English |
oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-028385025 |
oclc_num | 815570499 |
open_access_boolean | |
physical | 1 Online-Ressource (15 p.) |
psigel | ZDB-4-EBU FLA_PDA_EBU |
publishDate | 2012 |
publishDateSearch | 2012 |
publishDateSort | 2012 |
publisher | International Monetary Fund, Asia and Pacific Dept. |
record_format | marc |
series2 | IMF working paper |
spelling | Aiyar, Shekhar Verfasser aut The domestic credit supply response to international bank deleveraging Is Asia different? Shekhar Aiyar and Sonali Jain-Chandra Washington, D.C. International Monetary Fund, Asia and Pacific Dept. 2012 1 Online-Ressource (15 p.) txt rdacontent c rdamedia cr rdacarrier IMF working paper WP/12/258 "October 2012" "During the global financial crisis, European banks contracted foreign claims on recipient economies sharply. This paper examines the impact of that deleveraging on credit supply in recipient economies, with a particular focus on Asia. Identification is achieved by exploiting heterogeneity in ex-ante patterns of funding reliance on different European banking systems, and in variation in the ratio of local claims in local currency to total foreign claims in recipient economies. These sources of variation are used to create instruments for the deleveraging shock. The authors find that the contraction in European bank foreign claims was associated with a substantial reduction in domestic credit supply in a broad sample of countries. However, the credit supply response in Asia was only about half the size of the response in non-Asian countries, possibly due to a more robust policy response and healthier local bank balance sheets at the outset of the crisis."- -Abstract Global Financial Crisis (2008-2009) fast 2008 - 2009 fast BUSINESS & ECONOMICS / Banks & Banking bisacsh Bank liquidity fast Bank loans fast Banks and banking, European fast Wirtschaft Banks and banking, European Asia Bank loans Asia Bank liquidity Asia Global Financial Crisis, 2008-2009 Asien Jain-Chandra, Sonali Sonstige oth International Monetary Fund Asia and Pacific Department Sonstige oth http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=516445 Aggregator Volltext |
spellingShingle | Aiyar, Shekhar The domestic credit supply response to international bank deleveraging Is Asia different? Global Financial Crisis (2008-2009) fast BUSINESS & ECONOMICS / Banks & Banking bisacsh Bank liquidity fast Bank loans fast Banks and banking, European fast Wirtschaft Banks and banking, European Asia Bank loans Asia Bank liquidity Asia Global Financial Crisis, 2008-2009 |
title | The domestic credit supply response to international bank deleveraging Is Asia different? |
title_auth | The domestic credit supply response to international bank deleveraging Is Asia different? |
title_exact_search | The domestic credit supply response to international bank deleveraging Is Asia different? |
title_full | The domestic credit supply response to international bank deleveraging Is Asia different? Shekhar Aiyar and Sonali Jain-Chandra |
title_fullStr | The domestic credit supply response to international bank deleveraging Is Asia different? Shekhar Aiyar and Sonali Jain-Chandra |
title_full_unstemmed | The domestic credit supply response to international bank deleveraging Is Asia different? Shekhar Aiyar and Sonali Jain-Chandra |
title_short | The domestic credit supply response to international bank deleveraging |
title_sort | the domestic credit supply response to international bank deleveraging is asia different |
title_sub | Is Asia different? |
topic | Global Financial Crisis (2008-2009) fast BUSINESS & ECONOMICS / Banks & Banking bisacsh Bank liquidity fast Bank loans fast Banks and banking, European fast Wirtschaft Banks and banking, European Asia Bank loans Asia Bank liquidity Asia Global Financial Crisis, 2008-2009 |
topic_facet | Global Financial Crisis (2008-2009) BUSINESS & ECONOMICS / Banks & Banking Bank liquidity Bank loans Banks and banking, European Wirtschaft Banks and banking, European Asia Bank loans Asia Bank liquidity Asia Global Financial Crisis, 2008-2009 Asien |
url | http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=516445 |
work_keys_str_mv | AT aiyarshekhar thedomesticcreditsupplyresponsetointernationalbankdeleveragingisasiadifferent AT jainchandrasonali thedomesticcreditsupplyresponsetointernationalbankdeleveragingisasiadifferent AT internationalmonetaryfundasiaandpacificdepartment thedomesticcreditsupplyresponsetointernationalbankdeleveragingisasiadifferent |