De Haas, Ralph; Korniyenko, Yevgeniya; Loukoianova, Elena; … - European Bank for Reconstruction and Development (EBRD) - 2012
We use data on 1,294 banks in emerging Europe to analyse how bank ownership and the Vienna Initiative affected credit … growth during the 2008-09 crisis. As part of the Vienna Initiative western European banks signed country-specific commitment … in the Vienna Initiative were relatively stable lenders. We find no evidence of negative spillovers from countries where …