Series: IMF Working Papers
Author(s): Eugenio Cerutti , and Stijn Claessens
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 25 September 2014
Keywords: Global banks, Credit supply, Deleveraging, banking, banking system, systemic crisis, Financial Markets and the Macroeconomy, Financial Aspects of Economic Integration,
International banks greatly reduced their direct cross-border and local affiliates' lending as the global financial crisis strained balance sheets, lowered borrower demand, and changed government policies. Using bi...