Series: IMF Working Papers
Author(s): Shekhar Aiyar , and Sonali Jain-Chandra
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 26 October 2012
Keywords: Global banks, liquidity shock, cross-border lending, instrumental variables, claims, banking, bank lending, bank for international settlements, instrumental variables., General,
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 parti...