Foreign Banks and International Shock Transmission: Does Bank Ownership Still Matter?
This paper studies the recent 2007-2009 Global Financial Crisis (GFC) and its transmission through bank lending to emerging Asia economies. It highlights two channels of shock transmission identified in the literature: bank ownership and liquidity. We employ a unique dataset on new loan issuance to Asian borrowers and apply a recently developed method (Khwaja and Mian, 2008. Am. Econ. Rev. 98, 1413-1442) to address the identification problem in examining bank lending and shock transmission. We...[Show more]
|Collections||ANU Research Publications|
|Source:||Journal of International Financial Markets, Institutions and Money|
|01_Xu_Foreign_Banks_and_2015.pdf||1.39 MB||Adobe PDF||Request a copy|
Items in Open Research are protected by copyright, with all rights reserved, unless otherwise indicated.