Navaretti, Giorgio Barba; Calzolari, Giacomo; Pozzolo, … - Dipartimento di Economia, Management e Metodi … - 2010
This paper examines whether multinational banks have a stabilising or a destabilising role during times of financial distress. With a focus on Europe, it looks at how these banks‟ foreign affiliates have been faring during the recent financial crisis. It finds that retail and corporate lending...