Hale, Galina; Kapan, Tümer; Minoiu, Camelia - 2019
countries experiencing systemic banking crises on profitability, credit, and the performance of borrower firms. Crisis exposures … reduce bank returns and tighten credit conditions for borrowers, constraining investment and growth. The effects are larger …We study the transmission of financial shocks across borders through international bank connections. Using data on …