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in Mexico, matched with firm and bank balance-sheet data, and by exploiting foreign monetary policy shocks, given the … large presence of European and U.S. banks in Mexico. The paper finds that a softening of foreign monetary policy increases … banks (for example, U.K. monetary policy affects credit supply in Mexico via U.K. banks), in turn implying strong real …
Persistent link: https://www.econbiz.de/10012971990
This paper presents a model of bank risk taking and government guarantees. Levered banks take excessive risk, as their actions are not fully priced at the margin by debt holders. The impact of government guarantees on bank risk taking depends critically on the portion of bank investors that can...
Persistent link: https://www.econbiz.de/10012962318
This paper presents recent trends in government and foreign bank ownership across countries and summarizes the evidence regarding the implications of bank ownership structure for bank performance and competition, financial stability, and access to finance. The evidence reviewed suggests that...
Persistent link: https://www.econbiz.de/10012930780
This paper provides evidence on how bank performance and strategies vary with the degree of bank internationalization, using data for 113 countries over 2000-15. The paper investigates whether international banks headquartered in developing countries behave and perform differently from those...
Persistent link: https://www.econbiz.de/10012931534
This paper examines the association between the default risk of foreign bank subsidiaries and their parents during the global financial crisis, with the purpose of understanding what factors can help insulate affiliates from their parents. The paper finds evidence of a significant positive...
Persistent link: https://www.econbiz.de/10012972673
This paper considers the question of whether international banks learn from their previous crisis experiences and reduce their lending to developing countries in the event of a financial crisis. The analysis combines a bank-level dataset of bank activity and ownership with country-level data on...
Persistent link: https://www.econbiz.de/10012973331
This paper provides new evidence on the factors affecting protracted credit contraction in the wake of the global financial crisis. The paper applies panel vector autoregressions to a global panel that consists of quarterly data for 41 countries for the period 2000-2011 and documents that...
Persistent link: https://www.econbiz.de/10012973491
This paper analyzes the lending behavior of foreign-owned banks during the recent global crisis. Using bank-level panel data for countries in Central and Eastern Europe, East Asia, and Latin America, the paper explores the role of affiliate and parent financial characteristics, host location, as...
Persistent link: https://www.econbiz.de/10012973846
One of the persistent policy problems faced by governments contemplating financial liberalizations is the question of whether to allow foreign banks entry into the domestic economy. This question has become ever more urgent in recent times, due to rapid financial globalization, coupled with the...
Persistent link: https://www.econbiz.de/10012974035
This paper examines the impact of bank ownership on credit growth in developing countries before and during the 2008-2009 crisis. Using bank-level data for countries in Eastern Europe and Latin America, it analyzes the growth of banks' total gross loans as well as the growth of corporate,...
Persistent link: https://www.econbiz.de/10012974988