International Financial Integration and Funding Risks : Bank-Level Evidence from Latin America /

Using a sample of over 700 banks in Latin America, we show that international financial liberalization lowers bank capital ratios and increases the shares of short-term funding. Following liberalization, large banks substitute interbank borrowing for equity and long-term funding, whereas small banks...

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Bibliografske podrobnosti
Glavni avtor: Catao, Luis
Drugi avtorji: Dinger, Valeriya, Marcel te Kaat, Daniel
Format: Revija
Jezik:English
Izdano: Washington, D.C. : International Monetary Fund, 2017.
Serija:IMF Working Papers; Working Paper ; No. 2017/224
Online dostop:Full text available on IMF