Connected to Whom? International Interbank Borrowing During the Global Crisis
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Summary:
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 advanced and emerging banking systems. Using novel risk-weighted indexes the paper examines whether the banking systems’ access to credit was related to their domestic financial soundness and exposure to distressed international counterparties. The empirical findings suggest that both domestic and international risk factors contributed to the decline in international interbank borrowing during the crisis.
Series:
Working Paper No. 2013/014
Subject:
Commercial banks Credit Credit risk Emerging and frontier financial markets Financial institutions Financial markets Financial regulation and supervision Liquidity risk Money
English
Publication Date:
January 14, 2013
ISBN/ISSN:
9781475542028/1018-5941
Stock No:
WPIEA2013014
Pages:
33
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