Series: IMF Working Papers
Author(s): Kalin Tintchev
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 14 January 2013
Keywords: counterparty risk, financial interconnectedness, banking, banking system, credit risk, General, International Lending and Debt Problems, Open Economy Macroeconomics, International Policy Coordination and Transmission,
The unprecedented collapse of international interbank borrowing was a prominent feature of the global financial crisis that started in August 2007. This paper focuses on the drivers of the retrenchment from 32 adva...