imbalances, banking regulation, and competition in financial services. …

subsidiaries. Our findings are consistent with the studies that document that parent bank fragility negatively affects lending by … subsidiaries. We further find that reduction in foreign bank lending is stronger for those that are dependent on the interbank … market. Moreover, foreign bank lending is determined by different factors in emerging markets and in developed countries …

increased their credit supply prior to the crisis, they reduced their lending activities during the crisis. Additionally, we … subsidiaries during the financial crisis of 2008. Our results demonstrate that a subsidiary's reduction in lending is strongly … related to its parent bank's lending via the interbank market. While subsidiaries that were dependent on interbank financing …

banks for the period 1994- 2010. Our analysis shows that foreign banks provided credit during domestic banking crises in … host countries, while government-owned banks contracted. In contrast, foreign-owned banks reduced their credit base during …