The Domestic Credit Supply Response to International Bank Deleveraging: Is Asia Different?

WP/12/258

Nopic
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 READ MORE...

Publication date: October 2012
ISBN 9781475580914
$18.00

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Publication date: October 2012

English