| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w15974 |
| 来源ID | Working Paper 15974 |
| Global Banks and International Shock Transmission: Evidence from the Crisis | |
| Nicola Cetorelli; Linda S. Goldberg | |
| 发表日期 | 2010-05-06 |
| 出版年 | 2010 |
| 语种 | 英语 |
| 摘要 | Global banks played a significant role in the transmission of the 2007 to 2009 crisis to emerging market economies. We examine the relationships between adverse liquidity shocks on main developed-country banking systems to emerging markets across Europe, Asia, and Latin America, isolating loan supply from loan demand effects. Loan supply in emerging markets was significantly affected through three separate channels: a contraction in direct, cross-border lending by foreign banks; a contraction in local lending by foreign banks' affiliates in emerging markets; and a contraction in loan supply by domestic banks resulting from the funding shock to their balance sheet induced by the decline in interbank, cross-border lending. Policy interventions, such as the Vienna Initiative introduced in Europe, influenced the lending channel effects on emerging markets of head office balance sheet shocks. |
| 主题 | International Economics ; International Finance ; International Macroeconomics ; Financial Economics ; Financial Markets ; Corporate Finance |
| URL | https://www.nber.org/papers/w15974 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/573649 |
| 推荐引用方式 GB/T 7714 | Nicola Cetorelli,Linda S. Goldberg. Global Banks and International Shock Transmission: Evidence from the Crisis. 2010. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w15974.pdf（225KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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