Düwel, Cornelia; Frey, Rainer; Lipponer, Alexander - 2011
active banks. For the period from 2002 to 2010, we look at quarterly transaction data (excluding valuation effects) on long …, foreign countries' demand and risk characteristics become more relevant when loans are distributed by banks' affiliates … that rising risk aversion among banks curbed cross-border lending during the financial crisis, especially at a later stage …