We investigate how the lending activities of a multinational bank s affiliates located abroad are affected by funding … a disadvantage in the crisis, as inter-bank and capital markets froze. Besides, the more an affiliate abroad takes … recourse to intra-bank funding in the crisis, the more it becomes dependent on a stable deposit and long-term wholesale funding …

addressing differences among different bank groups. We use three empirical models to focus on the following aspects: the time …