Rose, Andrew; Wieladek, Tomasz - Monetary Policy Committee (MPC), Bank of England - 2011
foreigners. We use a bank-level panel data set spanning all British and foreign banks providing loans within the United Kingdom …-term interset rates, though our data set here is much smaller. We examine the loan mix for both British and foreign banks, both … of financial protectionism. After nationalisations, foreign banks reduced the fraction of loans going to the United …