Foreign Banks and the Vienna Initiative : Turning Sinners Into Saints? /

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 i...

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מידע ביבליוגרפי
מחבר ראשי: De Haas, Ralph
מחברים אחרים: Korniyenko, Yevgeniya, Loukoianova, Elena, Pivovarsky, Alexander
פורמט: כתב-עת
שפה:English
יצא לאור: Washington, D.C. : International Monetary Fund, 2012.
סדרה:IMF Working Papers; Working Paper ; No. 2012/117
גישה מקוונת:Full text available on IMF
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100 1 |a De Haas, Ralph. 
245 1 0 |a Foreign Banks and the Vienna Initiative :   |b Turning Sinners Into Saints? /  |c Ralph De Haas, Yevgeniya Korniyenko, Alexander Pivovarsky, Elena Loukoianova. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2012. 
300 |a 1 online resource (41 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a 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 to support their subsidiaries in Central and Eastern Europe. We show that both domestic and foreign banks sharply curtailed credit during the crisis, but that foreign banks that participated in the Vienna Initiative were relatively stable lenders. We find no evidence of negative spillovers from countries where banks signed commitment letters to countries where they did not. 
538 |a Mode of access: Internet 
700 1 |a Korniyenko, Yevgeniya. 
700 1 |a Loukoianova, Elena. 
700 1 |a Pivovarsky, Alexander. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2012/117 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2012/117/001.2012.issue-117-en.xml  |z IMF e-Library