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...

Полное описание

Библиографические подробности
Главный автор: Cerutti, Eugenio
Другие авторы: Claessens, Stijn
Формат: Журнал
Язык:English
Опубликовано: Washington, D.C. : International Monetary Fund, 2014.
Серии:IMF Working Papers; Working Paper ; No. 2014/180
Online-ссылка:Full text available on IMF