Jeon, Bang Nam; Olivero, Maria Pia; Wu, Ji - Hong Kong Institute for Monetary Research (HKIMR), … - 2013
-2008, we present consistent evidence that internal capital markets in multinational banking contribute to the transmission of … financial shocks from parent banks to foreign subsidiaries. We find that internal capital markets transmit favorable and adverse … explore various conditions under which the international transmission of financial shocks via internal capital markets in …