Crisis Transmission in the Global Banking Network is popular PDF and ePub book, written by Galina Hale in 2016-04-12, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Crisis Transmission in the Global Banking Network can be Read Online from any device for your convenience.
Crisis Transmission in the Global Banking Network Book PDF Summary
We study the transmission of financial sector shocks across borders through international bank connections. For this purpose, we use data on long-term interbank loans among more than 6,000 banks during 1997-2012 to construct a yearly global network of interbank exposures. We estimate the effect of direct (first-degree) and indirect (second-degree) exposures to countries experiencing systemic banking crises on bank profitability and loan supply. We find that direct exposures to crisis countries squeeze banks' profit margins, thereby reducing their returns. Indirect exposures to crisis countries enhance this effect, while indirect exposures to non-crisis countries mitigate it. Furthermore, crisis exposures have real effects in that they reduce banks' supply of domestic and cross-border loans. Our results, based on a large global sample, support the notion that interconnected financial systems facilitate shock transmission.
Detail Book of Crisis Transmission in the Global Banking Network PDF
- Author : Galina Hale
- Release : 12 April 2016
- Publisher : International Monetary Fund
- ISBN : 9781475551341
- Genre : Business & Economics
- Total Page : 38 pages
- Language : English
- PDF File Size : 11,7 Mb
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