The domestic credit supply response to international bank deleveraging :: Is Asia different? /
"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 e...
Gespeichert in:
| Hauptverfasser: | , |
|---|---|
| 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 |
| Zusammenfassung: | "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: | "October 2012." |
| Beschreibung: | 1 online resource (15 pages) |
| Bibliographie: | Includes bibliographical references. |
| ISBN: | 9781475562347 1475562349 |
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| 245 | 1 | 4 | |a The domestic credit supply response to international bank deleveraging : |b Is Asia different? / |c Shekhar Aiyar and Sonali Jain-Chandra. |
| 260 | |a Washington, D.C. : |b International Monetary Fund, Asia and Pacific Dept., |c 2012. | ||
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| 500 | |a "October 2012." | ||
| 520 | |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. | ||
| 505 | 0 | |a Cover; Contents; I. Introduction; Figures; 1. Consolidated Foreign Claims on Asian Economies; II. The Role of European Banks in Asia; 2. Consolidated Foreign Claims of European Banks on Asia; 3. BIS Reporting Banks' Foreign Claims on Selected Asian Economies by Sector; III. Econometric Methodology; 4. Consolidated International Claims of European Banks; IV. Results; Tables; 1. Impact of Change in Foreign Claims on Change in Domestic Credit Supply; V. Why did Asia React Differently? | |
| 505 | 8 | |a 2. Impact of Change in Foreign Claims on Change in Domestic Credit Supply (Using exchange rate adjusted foreign claims data)5. Difference in Policy Responses: Asia Versus Non-Asia; 3. Summary of Policy Actions taken in Asia during the Global Financial Crisis; 6. Debt-to-Equity Ratio in Financial Firms at End-2007; References. | |
| 504 | |a Includes bibliographical references. | ||
| 650 | 0 | |a Banks and banking, European |z Asia. | |
| 650 | 0 | |a Bank loans |z Asia. | |
| 650 | 0 | |a Bank liquidity |z Asia. | |
| 650 | 0 | |a Global Financial Crisis, 2008-2009. |0 http://id.loc.gov/authorities/subjects/sh2009003683 | |
| 650 | 6 | |a Banques européennes |z Asie. | |
| 650 | 6 | |a Prêts bancaires |z Asie. | |
| 650 | 6 | |a Banques |x Liquidité |z Asie. | |
| 650 | 6 | |a Crise financière mondiale, 2008-2009. | |
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| 650 | 7 | |a Bank liquidity |2 fast | |
| 650 | 7 | |a Bank loans |2 fast | |
| 650 | 7 | |a Banks and banking, European |2 fast | |
| 651 | 7 | |a Asia |2 fast |1 https://id.oclc.org/worldcat/entity/E39PBJxMpyjKQ9Jtm3jkjPBgKd | |
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| 648 | 7 | |a 2008-2009 |2 fast | |
| 700 | 1 | |a Jain-Chandra, Sonali, |d 1975- |e author. |1 https://id.oclc.org/worldcat/entity/E39PCjB47VPDpgPfpKTMwm9Kq3 |0 http://id.loc.gov/authorities/names/no2005024629 | |
| 710 | 2 | |a International Monetary Fund. |b Asia and Pacific Department, |e issuing body. |0 http://id.loc.gov/authorities/names/no97006778 | |
| 758 | |i has work: |a The domestic credit supply response to international bank deleveraging (Text) |1 https://id.oclc.org/worldcat/entity/E39PCGd88w3PX7xhcQkrPvXhf3 |4 https://id.oclc.org/worldcat/ontology/hasWork | ||
| 776 | 0 | 8 | |i Print version: |a Aiyar, Shekhar. |t Domestic credit supply response to international bank deleveraging. |d Washington, D.C. : International Monetary Fund, 2012 |w (OCoLC)822731440 |
| 830 | 0 | |a IMF working paper ; |v WP/12/258. |0 http://id.loc.gov/authorities/names/no89010263 | |
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| author | Aiyar, Shekhar Jain-Chandra, Sonali, 1975- |
| author_GND | http://id.loc.gov/authorities/names/no2004021401 http://id.loc.gov/authorities/names/no2005024629 |
| author_facet | Aiyar, Shekhar Jain-Chandra, Sonali, 1975- |
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| contents | Cover; Contents; I. Introduction; Figures; 1. Consolidated Foreign Claims on Asian Economies; II. The Role of European Banks in Asia; 2. Consolidated Foreign Claims of European Banks on Asia; 3. BIS Reporting Banks' Foreign Claims on Selected Asian Economies by Sector; III. Econometric Methodology; 4. Consolidated International Claims of European Banks; IV. Results; Tables; 1. Impact of Change in Foreign Claims on Change in Domestic Credit Supply; V. Why did Asia React Differently? 2. Impact of Change in Foreign Claims on Change in Domestic Credit Supply (Using exchange rate adjusted foreign claims data)5. Difference in Policy Responses: Asia Versus Non-Asia; 3. Summary of Policy Actions taken in Asia during the Global Financial Crisis; 6. Debt-to-Equity Ratio in Financial Firms at End-2007; References. |
| ctrlnum | (OCoLC)815570499 |
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| 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 |
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| geographic | Asia fast https://id.oclc.org/worldcat/entity/E39PBJxMpyjKQ9Jtm3jkjPBgKd |
| geographic_facet | Asia |
| id | ZDB-4-EBU-ocn815570499 |
| illustrated | Not Illustrated |
| indexdate | 2024-11-26T14:49:07Z |
| institution | BVB |
| institution_GND | http://id.loc.gov/authorities/names/no97006778 |
| isbn | 9781475562347 1475562349 |
| language | English |
| oclc_num | 815570499 |
| open_access_boolean | |
| owner | MAIN DE-863 DE-BY-FWS |
| owner_facet | MAIN DE-863 DE-BY-FWS |
| physical | 1 online resource (15 pages) |
| psigel | ZDB-4-EBU |
| publishDate | 2012 |
| publishDateSearch | 2012 |
| publishDateSort | 2012 |
| publisher | International Monetary Fund, Asia and Pacific Dept., |
| record_format | marc |
| series | IMF working paper ; |
| series2 | IMF working paper ; |
| spelling | Aiyar, Shekhar, author. http://id.loc.gov/authorities/names/no2004021401 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 resource (15 pages) text txt rdacontent computer c rdamedia online resource cr rdacarrier polychrome. rdacc http://rdaregistry.info/termList/RDAColourContent/1003 data file rda 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. Cover; Contents; I. Introduction; Figures; 1. Consolidated Foreign Claims on Asian Economies; II. The Role of European Banks in Asia; 2. Consolidated Foreign Claims of European Banks on Asia; 3. BIS Reporting Banks' Foreign Claims on Selected Asian Economies by Sector; III. Econometric Methodology; 4. Consolidated International Claims of European Banks; IV. Results; Tables; 1. Impact of Change in Foreign Claims on Change in Domestic Credit Supply; V. Why did Asia React Differently? 2. Impact of Change in Foreign Claims on Change in Domestic Credit Supply (Using exchange rate adjusted foreign claims data)5. Difference in Policy Responses: Asia Versus Non-Asia; 3. Summary of Policy Actions taken in Asia during the Global Financial Crisis; 6. Debt-to-Equity Ratio in Financial Firms at End-2007; References. Includes bibliographical references. Banks and banking, European Asia. Bank loans Asia. Bank liquidity Asia. Global Financial Crisis, 2008-2009. http://id.loc.gov/authorities/subjects/sh2009003683 Banques européennes Asie. Prêts bancaires Asie. Banques Liquidité Asie. Crise financière mondiale, 2008-2009. BUSINESS & ECONOMICS Banks & Banking. bisacsh Bank liquidity fast Bank loans fast Banks and banking, European fast Asia fast https://id.oclc.org/worldcat/entity/E39PBJxMpyjKQ9Jtm3jkjPBgKd Global Financial Crisis (2008-2009) fast https://id.oclc.org/worldcat/entity/E39Qhp4vBbr3T8xBMDbJhDhGmm (OCoLC)fst01755654 2008-2009 fast Jain-Chandra, Sonali, 1975- author. https://id.oclc.org/worldcat/entity/E39PCjB47VPDpgPfpKTMwm9Kq3 http://id.loc.gov/authorities/names/no2005024629 International Monetary Fund. Asia and Pacific Department, issuing body. http://id.loc.gov/authorities/names/no97006778 has work: The domestic credit supply response to international bank deleveraging (Text) https://id.oclc.org/worldcat/entity/E39PCGd88w3PX7xhcQkrPvXhf3 https://id.oclc.org/worldcat/ontology/hasWork Print version: Aiyar, Shekhar. Domestic credit supply response to international bank deleveraging. Washington, D.C. : International Monetary Fund, 2012 (OCoLC)822731440 IMF working paper ; WP/12/258. http://id.loc.gov/authorities/names/no89010263 FWS01 ZDB-4-EBU FWS_PDA_EBU https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=516445 Volltext |
| spellingShingle | Aiyar, Shekhar Jain-Chandra, Sonali, 1975- The domestic credit supply response to international bank deleveraging : Is Asia different? / IMF working paper ; Cover; Contents; I. Introduction; Figures; 1. Consolidated Foreign Claims on Asian Economies; II. The Role of European Banks in Asia; 2. Consolidated Foreign Claims of European Banks on Asia; 3. BIS Reporting Banks' Foreign Claims on Selected Asian Economies by Sector; III. Econometric Methodology; 4. Consolidated International Claims of European Banks; IV. Results; Tables; 1. Impact of Change in Foreign Claims on Change in Domestic Credit Supply; V. Why did Asia React Differently? 2. Impact of Change in Foreign Claims on Change in Domestic Credit Supply (Using exchange rate adjusted foreign claims data)5. Difference in Policy Responses: Asia Versus Non-Asia; 3. Summary of Policy Actions taken in Asia during the Global Financial Crisis; 6. Debt-to-Equity Ratio in Financial Firms at End-2007; References. Banks and banking, European Asia. Bank loans Asia. Bank liquidity Asia. Global Financial Crisis, 2008-2009. http://id.loc.gov/authorities/subjects/sh2009003683 Banques européennes Asie. Prêts bancaires Asie. Banques Liquidité Asie. Crise financière mondiale, 2008-2009. BUSINESS & ECONOMICS Banks & Banking. bisacsh Bank liquidity fast Bank loans fast Banks and banking, European fast |
| subject_GND | http://id.loc.gov/authorities/subjects/sh2009003683 (OCoLC)fst01755654 |
| 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 | domestic credit supply response to international bank deleveraging is asia different |
| title_sub | Is Asia different? / |
| topic | Banks and banking, European Asia. Bank loans Asia. Bank liquidity Asia. Global Financial Crisis, 2008-2009. http://id.loc.gov/authorities/subjects/sh2009003683 Banques européennes Asie. Prêts bancaires Asie. Banques Liquidité Asie. Crise financière mondiale, 2008-2009. BUSINESS & ECONOMICS Banks & Banking. bisacsh Bank liquidity fast Bank loans fast Banks and banking, European fast |
| topic_facet | Banks and banking, European Asia. Bank loans Asia. Bank liquidity Asia. Global Financial Crisis, 2008-2009. Banques européennes Asie. Prêts bancaires Asie. Banques Liquidité Asie. Crise financière mondiale, 2008-2009. BUSINESS & ECONOMICS Banks & Banking. Bank liquidity Bank loans Banks and banking, European Asia |
| url | https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=516445 |
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