Gropp, Reint; Radev, Deyan - 2014
investigate how solvency and wholesale funding shocks to 114 OECD parent banks affect the lending of 541 domestic and foreign … subsidiaries. Our results suggest that wholesale shocks are more important than solvency shocks in governing the lending decisions … of bank subsidiaries. We also find stronger negative effects of wholesale shocks on the lending of foreign subsidiaries …