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The rise of Asian-owned foreign banks and credit stability in Asia

Xu, Ying

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This chapter focuses on foreign banks' local lending and its implication for credit stability in Asia. Employing a large and the most recent banking data set for 10 major Asian economies for 2000-09, this study provides fresh evidence that the country of origin of foreign banks explains variations in lending behavior. Asian-owned foreign banks showed the mildest change in credit growth during the recent Global Financial Crisis (GFC), contributing to credit stabilization in Asia in times of...[Show more]

dc.contributor.authorXu, Ying
dc.contributor.editorJenny Corbett
dc.contributor.editorYing Xu
dc.date.accessioned2015-12-10T22:26:53Z
dc.identifier.isbn9780415859363
dc.identifier.urihttp://hdl.handle.net/1885/53946
dc.description.abstractThis chapter focuses on foreign banks' local lending and its implication for credit stability in Asia. Employing a large and the most recent banking data set for 10 major Asian economies for 2000-09, this study provides fresh evidence that the country of origin of foreign banks explains variations in lending behavior. Asian-owned foreign banks showed the mildest change in credit growth during the recent Global Financial Crisis (GFC), contributing to credit stabilization in Asia in times of stress, whereas non-Asian foreign banks - particularly those from North America and Europe - cut off credit sharply from the Asian periphery, undermining credit stability in the region. Preliminary evidence suggests that the breakdown in the wholesale funding market in the GFC put pressure on non-Asian foreign banks, thus transmitting credit turbulence to Asia. The study calls for policies supporting regional financial integration with Asian-owned foreign banks, which help to build a robust and stable Asian banking system.
dc.publisherRoutledge Taylor & Francis Group
dc.relation.ispartofRebalancing Economies in Financially Integrating East Asia
dc.relation.isversionof1st Edition
dc.source.urihttp://www.amazon.com/Rebalancing-Financially-Integrating-Routledge-ERIA-Development/dp/0415859360
dc.titleThe rise of Asian-owned foreign banks and credit stability in Asia
dc.typeBook chapter
local.description.notesImported from ARIES
dc.date.issued2015
local.identifier.absfor140210 - International Economics and International Finance
local.identifier.ariespublicationu4430637xPUB287
local.type.statusPublished Version
local.contributor.affiliationXu, Ying, College of Asia and the Pacific, ANU
local.description.embargo2037-12-31
local.bibliographicCitation.startpage240
local.bibliographicCitation.lastpage257
dc.date.updated2020-12-13T07:26:04Z
local.bibliographicCitation.placeofpublicationAbingdon and New York
local.identifier.scopusID2-s2.0-84959880987
CollectionsANU Research Publications

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