This paper investigates the foreign funding mix of globally active banks. Using BIS international banking statistics for a panel of 12 advanced economies, we detect a structural break in international bank funding at the onset of the global financial crisis. In their post-break business model,...

This paper investigates the foreign funding mix of globally active banks. Using BIS international banking statistics for a panel of 12 advanced economies, we detect a structural break in international bank funding at the onset of the great financial crisis. In their post-break business model,...

The co-occurrence of banking and currency crises has been found to be the norm during the late 1980s and early 1990s. While these "twin crises" have inspired a number of recent theoretical and empirical contributions to the literature on financial crises in developing economies, much less...