Abbassi, Puriya; Bräuning, Falk; Fecht, Falko; … - 2018
We analyze how the Lehman and sovereign crises affect international financial integration, exploiting euro … impairing international financial integration. On the extensive margin, the cross-border credit crunch is independent of quality … borrower. Nonstandard monetary policy improves interbank liquidity, but without fostering strong crossborder financial re-integration. …