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 …

We model mortgage refinancing as a bargaining game involving the borrowing household, the incumbent lender, and an … outside bank. In equilibrium, the borrower's ability to refinance depends both on the competitiveness of the local banking … set containing the population of mortgages in Belgium. In particular, households' refinancing propensities are positively …