Hidden Bibliographic Details
| Other authors / contributors: | International Monetary Fund. Monetary and Capital Markets Department.
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| ISBN: | 9781475516616
1475516614
9781475542028
9781475544695
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| Notes: | Title from PDF title page (IMF Web site, viewed Jan. 23, 2013).
"Monetary and Capital Markets Department."
"January 2013."
Includes bibliographical references.
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| Summary: | The unprecedented collapse of international interbank borrowing was a prominent feature of the global financial crisis that started in August 2007. This paper focuses on the drivers of the retrenchment from 32 advanced and emerging banking systems. Using novel risk-weighted indexes the paper examines whether the banking systems' access to credit was related to their domestic financial soundness and exposure to distressed international counterparties. The empirical findings suggest that both domestic and international risk factors contributed to the decline in international interbank borrowing during the crisis.
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