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Foreign Banks in the CESE Countries: In for a Penny, in for a Pound?
Author:
Ms. Li L Ong
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and
Andrea M. Maechler null

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Series:
IMF Working Papers
Volume/Issue:
Volume 2009: Issue 054
Language:
English
Publication Date:
01 Mar 2009
DOI:
https://doi.org/10.5089/9781451872026.001
ISBN:
9781451872026
ISSN:
1018-5941
Pages:
64
Keywords:
WP; bank; Central; Eastern; and South-Eastern Europe; nonbank private sector; private sector; Contagion; cross-border claims; home; host; local affiliates of foreign banks; bank claim; CESE country; foreign currency; risk management strategy; bank funding; Foreign banks; Foreign currency exposure; Commercial banks; Currencies; Nonbank financial institutions; Baltics; Global
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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The aim of this paper is to construct a comprehensive and consistent dataset to analyze the potential risks from foreign bank lending, for both the creditor and borrower countries of Central, Eastern and South-Eastern Europe (CESE). We develop a picture of bank claims on 13 CESE countries by combining credit statistics from several sources. Our constructed data suggest that some of these host countries have become more at risk from a sudden withdrawal of short-term external funding, while home countries have significant aggregate exposures to the region. Overall, we find that data on banking activity remain largely inadequate for surveillance and policymaking purposes, and that a concerted effort to improve data collection is needed at the international level.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund