Hidden Bibliographic Details
| Other authors / contributors: | International Monetary Fund. Research Department.
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| ISBN: | 9781475589481
1475589484
9781475544602
147554460X
9781475548310
1475548311
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| Notes: | Title from PDF title page (IMF Web site, viewed Jan. 22, 2013).
"Research Department."
"January 2013."
Includes bibliographical references.
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| Summary: | The recent crises highlighted the role of cross-border banking linkages. This paper proposes two new measures for better capturing creditor banking systems' foreign credit exposures and borrower countries' reliance on foreign bank credit, by combining BIS data with bank-level data. The results indicate that the proposed refinements matter, especially when foreign bank affiliates' funding relies heavily on local deposits. In addition, after developing novel and necessary break-in-series and exchange rate variation adjustments, estimations looking at the driving factors of both measures during 2006-2012 highlight: (i) the role of systemic banking crises and global financial conditions in the evolution of banks' foreign credit exposures; (ii) the role of a larger set of factors in the case of the evolution of borrower countries' reliance on foreign bank credit--how countries borrowed, from whom they borrowed, and global financial and domestic demand conditions.
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| Standard no.: | 10.5089/9781475589481.001
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