Jo, Gab-Je - In: Emerging Markets Finance and Trade 50 (2014) 1S, pp. 237-253
I analyze how U.S. financial shocks and the U.S. business cycle, as well as the business cycles of local economies, can help explain changes in international lending by U.S. banks. I find that during the financial crisis of 2007-8, U.S. financial shocks were transmitted to emerging market...