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...

Ausführliche Beschreibung

Bibliographische Detailangaben
1. Verfasser: Cerutti, Eugenio
Weitere Verfasser: Claessens, Stijn
Format: Zeitschrift
Sprache:English
Veröffentlicht: Washington, D.C. : International Monetary Fund, 2014.
Schriftenreihe:IMF Working Papers; Working Paper ; No. 2014/180
Online Zugang:Full text available on IMF