Foreign Banks and the Vienna Initiative: Turning Sinners into Saints?

Working Paper No. 12/117

Nopic
We use data on 1,294 banks in Central and Eastern Europe to analyze how bank ownership and creditor coordination in the form of the Vienna Initiative affected credit growth during the 2008-09 crisis. As part of the Vienna Initiative western European banks signed country-specific commitment letters in which they pledged to maintain exposures and... READ MORE...

Publication date: May 2012
ISBN 9781475503463
$18.00

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Publication date: May 2012

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Publication date: May 2012

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