Foreign Bank Subsidiaries Default Risk during the Global Crisis is popular PDF and ePub book, written by Deniz Anginer in 2016-06-08, 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, Foreign Bank Subsidiaries Default Risk during the Global Crisis can be Read Online from any device for your convenience.
Foreign Bank Subsidiaries Default Risk during the Global Crisis Book PDF Summary
This paper examines the association between the default risk of foreign bank subsidiaries in developing countries and their parents during the global financial crisis, with the purpose of determining the size and sign of this correlation and, more importantly, understanding what factors can help insulate affiliates from their parents. We find evidence of a significant and robust positive correlation between parent banks’ and foreign subsidiaries’ default risk. This correlation is lower for subsidiaries that have a higher share of retail deposit funding and that are more independently managed from their parents. Host country bank regulations also influence the extent to which shocks to the parents affect the subsidiaries’ default risk. In particular, the correlation between the default risk of subsidiaries and their parents is lower for subsidiaries operating in countries that impose higher capital, reserve, provisioning, and disclosure requirements, and tougher restrictions on bank activities.
Detail Book of Foreign Bank Subsidiaries Default Risk during the Global Crisis PDF
- Author : Deniz Anginer
- Release : 08 June 2016
- Publisher : International Monetary Fund
- ISBN : 9781484382189
- Genre : Business & Economics
- Total Page : 31 pages
- Language : English
- PDF File Size : 16,7 Mb
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