, taking into account both cross-border credit and credit by foreign bank subsidiaries. By combining BIS and BankScope data … also important during the first transition years, as they provided substantial amounts of cross-border credit. We do not … find evidence of foreign banks deserting CEE during financial crises or economic downturns. Although cross-border credit …

stability of bank credit. We measure both cross-border credit and activities of foreign bank subsidiaries within CEE. By … transition years, as they provided substantial amounts of cross-border credit. We do not find evidence of foreign banks deserting … CEE, e.g. during adverse economic times. Although cross-border credit did decrease during some periods, our results show …

economic downturns. Although cross-border credit did decrease during some periods, foreign banks expanded the credit supply of … sector credit. By combining BIS data and BankScope data into a unique database we make a clear distinction between cross-border … credit and credit by foreign bank subsidiaries. We show that the relative importance of foreign bank subsidiaries has …

,taking into account both cross-border credit and credit by foreign bank subsidiaries. By combining BIS and BankScope data into a … important during the first transition years,as they provided substantial amounts of cross-border credit.We do not find evidence … of foreign banks deserting CEE during financial crises or economic downturns.Although cross-border credit did decrease …