Afdjiev, Stefan; Kuti, Zsolt; Takáts, Elod - In: BIS Quarterly Review (2012) December
Cross-border bank lending to emerging markets dropped sharply in the second half of 2011 as the euro area crisis intensified. Stefan Avdjiev (BIS), Zsolt Kuti (Magyar Nemzeti Bank) and Elod Takáts (BIS) use the BIS international banking statistics to identify the key drivers of this decline....