The Domestic Credit Supply Response to International Bank Deleveraging is popular PDF and ePub book, written by Mr.Shekhar Aiyar in 2012-10-26, 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, The Domestic Credit Supply Response to International Bank Deleveraging can be Read Online from any device for your convenience.
The Domestic Credit Supply Response to International Bank Deleveraging Book PDF Summary
During the global financial crisis, European banks contracted foreign claims on recipient economies sharply. This paper examines the impact of that deleveraging on credit supply in recipient economies, with a particular focus on Asia. Identification is achieved by exploiting heterogeneity in ex-ante patterns of funding reliance on different European banking systems, and in variation in the ratio of local claims in local currency to total foreign claims in recipient economies. These sources of variation are used to create instruments for the deleveraging shock. We find that the contraction in European bank foreign claims was associated with a substantial reduction in domestic credit supply in a broad sample of countries. However, the credit supply response in Asia was only about half the size of the response in non-Asian countries, possibly due to a more robust policy response and healthier local bank balance sheets at the outset of the crisis.
Detail Book of The Domestic Credit Supply Response to International Bank Deleveraging PDF
- Author : Mr.Shekhar Aiyar
- Release : 26 October 2012
- Publisher : International Monetary Fund
- ISBN : 9781475562347
- Genre : Business & Economics
- Total Page : 15 pages
- Language : English
- PDF File Size : 20,7 Mb
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