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OverviewThe recent crises highlighted the role of cross-border banking linkages. This paper proposes two new measures for better capturing creditor banking systems foreign credit exposures and borrower countries reliance on foreign bank credit, by combining BIS data with bank-level data. The results indicate that the proposed refinements matter, especially when foreign bank affiliates funding relies heavily on local deposits. In addition, after developing novel and necessary break-in-series and exchange rate variation adjustments, estimations looking at the driving factors of both measures during 2006-2012 highlight: (i) the role of systemic banking crises and global financial conditions in the evolution of banks foreign credit exposures; (ii) the role of a larger set of factors in the case of the evolution of borrower countries reliance on foreign bank credit how countries borrowed, from whom they borrowed, and global financial and domestic demand conditions. Full Product DetailsAuthor: Eugenio CeruttiPublisher: International Monetary Fund Imprint: International Monetary Fund ISBN: 9781299264519ISBN 10: 1299264514 Pages: 45 Publication Date: 01 January 2013 Audience: General/trade , General Format: Electronic book text Publisher's Status: Active Availability: In stock We have confirmation that this item is in stock with the supplier. It will be ordered in for you and dispatched immediately. Table of ContentsReviewsAuthor InformationTab Content 6Author Website:Countries AvailableAll regions |