Although cross-border bank lending has fallen sharply since the crisis, extending our bank ownership database from 1995 … expanded abroad and doubled their presence. Especially advanced countries hit by a systemic crisis reduced their presence …

foreign bank presence negatively related with domestic credit creation. During the global crisis foreign banks reduced credit …

The recent financial crisis has shown how interconnected the financial world has become. Shocks in one location or …

The financial crisis has highlighted the importance of various channels of financial contagion across countries. This … paper first presents stylized facts of international banking activities during the crisis. It then describes a simple model …€™ banking systems during the financial crisis to calibrate the shock. The outcome of the simulations is compared with the …

prone to a banking crisis? Using model simulations and econometric estimates based on a world-wide dataset, we find an M … reduced probability of a banking crisis. Once interconnectedness reaches a certain value, further increases in … interconnectedness can increase the probability of a banking crisis. Our findings suggest that it may be beneficial for policies to …