Foreign bank lending during the Crisis: Evidence on branches vs subsidiaries

John Hooley, Glenn Hoggarth, Yevgeniya Korniyenko, 14 February 2014



Foreign banks contribute potentially large longer-term benefits to their host economies (see, for example, Claessens and van Horen 2012). But the experience of the recent crisis has revealed that their lending can be more cyclical than that of domestic banks (Cetorelli and Goldberg 2011, Claessens and van Horen 2012, De Haas and Lelyveld 2011).

Topics: Global crisis, International finance
Tags: foreign banks, foreign subsidiaries, global crisis, lending

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