The Great Cross-Border Bank Deleveraging: Supply Constraints and Intra-Group Frictions
International banks greatly reduced their direct cross-border and local affiliates' lending as the global financial crisis strained balance sheets, lowered borrower demand, and changed government policies. Using bilateral, lender-borrower countrydata and controlling for credit demand, we show t...
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1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2014
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Schriftenreihe: | IMF Working Papers
Working Paper No. 14/180 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | International banks greatly reduced their direct cross-border and local affiliates' lending as the global financial crisis strained balance sheets, lowered borrower demand, and changed government policies. Using bilateral, lender-borrower countrydata and controlling for credit demand, we show that reductions largely varied in line with markets' prior assessments of banks' vulnerabilities, with banks' financial statement variables and lender-borrower country characteristics playing minor roles. We find evidence that moving resources within banking groups became more restricted as drivers of reductions in direct cross-border loans differ from those for local affiliates' lending, especially for impaired banking systems. Home bias induced by government interventions, however, affected both equally |
Beschreibung: | 1 Online-Ressource (38 p) |
ISBN: | 1498354785 9781498354783 |
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index_date | 2024-07-03T20:13:36Z |
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publisher | International Monetary Fund |
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spelling | Cerutti, Eugenio Verfasser aut The Great Cross-Border Bank Deleveraging Supply Constraints and Intra-Group Frictions Cerutti, Eugenio Washington, D.C International Monetary Fund 2014 1 Online-Ressource (38 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 14/180 International banks greatly reduced their direct cross-border and local affiliates' lending as the global financial crisis strained balance sheets, lowered borrower demand, and changed government policies. Using bilateral, lender-borrower countrydata and controlling for credit demand, we show that reductions largely varied in line with markets' prior assessments of banks' vulnerabilities, with banks' financial statement variables and lender-borrower country characteristics playing minor roles. We find evidence that moving resources within banking groups became more restricted as drivers of reductions in direct cross-border loans differ from those for local affiliates' lending, especially for impaired banking systems. Home bias induced by government interventions, however, affected both equally Online-Ausg Claessens, Stijn Sonstige oth http://elibrary.imf.org/view/IMF001/22076-9781498354783/22076-9781498354783/22076-9781498354783.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Cerutti, Eugenio The Great Cross-Border Bank Deleveraging Supply Constraints and Intra-Group Frictions |
title | The Great Cross-Border Bank Deleveraging Supply Constraints and Intra-Group Frictions |
title_auth | The Great Cross-Border Bank Deleveraging Supply Constraints and Intra-Group Frictions |
title_exact_search | The Great Cross-Border Bank Deleveraging Supply Constraints and Intra-Group Frictions |
title_exact_search_txtP | The Great Cross-Border Bank Deleveraging Supply Constraints and Intra-Group Frictions |
title_full | The Great Cross-Border Bank Deleveraging Supply Constraints and Intra-Group Frictions Cerutti, Eugenio |
title_fullStr | The Great Cross-Border Bank Deleveraging Supply Constraints and Intra-Group Frictions Cerutti, Eugenio |
title_full_unstemmed | The Great Cross-Border Bank Deleveraging Supply Constraints and Intra-Group Frictions Cerutti, Eugenio |
title_short | The Great Cross-Border Bank Deleveraging |
title_sort | the great cross border bank deleveraging supply constraints and intra group frictions |
title_sub | Supply Constraints and Intra-Group Frictions |
url | http://elibrary.imf.org/view/IMF001/22076-9781498354783/22076-9781498354783/22076-9781498354783.xml |
work_keys_str_mv | AT ceruttieugenio thegreatcrossborderbankdeleveragingsupplyconstraintsandintragroupfrictions AT claessensstijn thegreatcrossborderbankdeleveragingsupplyconstraintsandintragroupfrictions |