During the global financial crisis, European banks contracted foreign claims on recipient economies sharply. This paper examines the impact of that deleveraging on credit supply in recipient economies, with a particular focus on Asia. Identification is achieved by exploiting heterogeneity in...

During the global financial crisis, European banks contracted foreign claims on recipient economies sharply. This paper examines the impact of that deleveraging on credit supply in recipient economies, with a particular focus on Asia. Identification is achieved by exploiting heterogeneity in...

Given the heavy reliance on bank lending as the main source of financing in most Asian economies, banks could potentially play a pivotal role in monetary policy transmission. However, we find that Asia's bank lending channel or, more broadly, credit channel of domestic monetary policy is not...

Für 2010 sind wieder positive Impulse aus dem Exportgeschäft zu erwarten: Nach einer Prognose des ifo Instituts ist mit einem Zuwachs der deutschen Exporte von 10,8% zu rechnen, wobei die deutsche Exportdynamik zum Großteil von der steigenden Nachfrage aus den asiatischen Schwellenländern...