Arbeitspapier

Changing forces of gravity: How the crisis affected international banking

The global financial crisis has brought to an end a rather unprecedented period of banks' international expansion. We analyze the effects of the crisis on international banking. Using a detailed dataset on the international assets of all German banks with foreign affiliates for the years 2002-2011, we study bank internationalization before and during the crisis. Our data allow analyzing not only the international assets of the banks' headquarters but also of their foreign affiliates. We show that banks have lowered their international assets, both along the extensive and the intensive margin. This withdrawal from foreign markets is the result of changing market conditions, of policy interventions, and of a weakly increasing sensitivity of banks to financial frictions.

ISBN
978-3-86558-985-9
Sprache
Englisch

Erschienen in
Series: Bundesbank Discussion Paper ; No. 48/2013

Klassifikation
Wirtschaft
Financial Crises
International Lending and Debt Problems
Banks; Depository Institutions; Micro Finance Institutions; Mortgages
Thema
international banking
gravity model
financial frictions

Ereignis
Geistige Schöpfung
(wer)
Buch, Claudia M.
Neugebauer, Katja
Schröder, Christoph
Ereignis
Veröffentlichung
(wer)
Deutsche Bundesbank
(wo)
Frankfurt a. M.
(wann)
2013

Handle
Letzte Aktualisierung
10.03.2025, 11:42 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Buch, Claudia M.
  • Neugebauer, Katja
  • Schröder, Christoph
  • Deutsche Bundesbank

Entstanden

  • 2013

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