Arbeitspapier
Crises, rescues, and policy transmission through international banks
The World Financial Crisis has shaken the fundamentals of international banking and triggered a downward spiral of asset prices. To prevent a further meltdown of markets, governments have intervened massively through rescues measures aimed at recapitalizing banks and through liquidity support. We use a detailed, banklevel dataset for German banks to analyze how the lending and borrowing of their foreign affiliates has responded to domestic (German) and to US crisis support schemes. We analyze how these policy interventions have spilled over into foreign markets. We identify loan supply shocks by exploiting that not all banks have received policy support and that the timing of receiving support measures has differed across banks. We find that banks covered by rescue measures of the German government have increased their foreign activities after these policy interventions, but they have not expanded relative to banks not receiving support. Banks claiming liquidity support under the Term Auction Facility (TAF) program have withdrawn from foreign markets outside the US, but they have expanded relative to affiliates of other German banks.
- ISBN
-
978-3-86558-725-1
- Sprache
-
Englisch
- Erschienen in
-
Series: Discussion Paper Series 1 ; No. 2011,15
- Klassifikation
-
Wirtschaft
Financial Crises
International Lending and Debt Problems
Banks; Depository Institutions; Micro Finance Institutions; Mortgages
- Thema
-
Cross-border banking
financial crisis
government support
Term Auction Facility
Internationale Bank
Auslandsniederlassung
Kreditgeschäft
Finanzmarktkrise
Geldpolitik
Bankenpolitik
Staatliche Einflussnahme
Bürgschaft
Öffentliche Kapitalbeteiligung
Deutschland
USA
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Buch, Claudia M.
Koch, Cathérine Tahmee
Koetter, Michael
- Ereignis
-
Veröffentlichung
- (wer)
-
Deutsche Bundesbank
- (wo)
-
Frankfurt a. M.
- (wann)
-
2011
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
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.
- Koch, Cathérine Tahmee
- Koetter, Michael
- Deutsche Bundesbank
Entstanden
- 2011
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