The Resource Domestic credit supply response to international bank deleveraging : is Asia different?, Shekhar Aiyar and Sonali Jain-Chandra, (electronic resource)

Domestic credit supply response to international bank deleveraging : is Asia different?, Shekhar Aiyar and Sonali Jain-Chandra, (electronic resource)

Label
Domestic credit supply response to international bank deleveraging : is Asia different?
Title
Domestic credit supply response to international bank deleveraging
Title remainder
is Asia different?
Statement of responsibility
Shekhar Aiyar and Sonali Jain-Chandra
Creator
Contributor
Subject
Language
eng
Summary
"During the global financial crisis, European banks contracted foreign claims on recipient economies sharply. This paper examines the impact of that deleveraging on credit supply in recipient economies, with a particular focus on Asia. Identification is achieved by exploiting heterogeneity in ex-ante patterns of funding reliance on different European banking systems, and in variation in the ratio of local claims in local currency to total foreign claims in recipient economies. These sources of variation are used to create instruments for the deleveraging shock. The authors find that the contraction in European bank foreign claims was associated with a substantial reduction in domestic credit supply in a broad sample of countries. However, the credit supply response in Asia was only about half the size of the response in non-Asian countries, possibly due to a more robust policy response and healthier local bank balance sheets at the outset of the crisis."- -Abstract
Related
Member of
Additional physical form
Online (ebrary)
Cataloging source
CaPaEBR
Characteristic
  • unknown
  • online system or service
Dewey number
332.1095
LC call number
HG3968
LC item number
A39 2012eb
Series statement
IMF working paper
Series volume
WP/12/258
Label
Domestic credit supply response to international bank deleveraging : is Asia different?, Shekhar Aiyar and Sonali Jain-Chandra, (electronic resource)
Publication
Note
"October 2012"
Antecedent source
file reproduced from an electronic resource
Bibliography note
Includes bibliographical references
http://library.link/vocab/branchCode
  • net
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Contents
  • Cover; Contents; I. Introduction; Figures; 1. Consolidated Foreign Claims on Asian Economies; II. The Role of European Banks in Asia; 2. Consolidated Foreign Claims of European Banks on Asia; 3. BIS Reporting Banks' Foreign Claims on Selected Asian Economies by Sector; III. Econometric Methodology; 4. Consolidated International Claims of European Banks; IV. Results; Tables; 1. Impact of Change in Foreign Claims on Change in Domestic Credit Supply; V. Why did Asia React Differently?
  • 2. Impact of Change in Foreign Claims on Change in Domestic Credit Supply (Using exchange rate adjusted foreign claims data)5. Difference in Policy Responses: Asia Versus Non-Asia; 3. Summary of Policy Actions taken in Asia during the Global Financial Crisis; 6. Debt-to-Equity Ratio in Financial Firms at End-2007; References
Control code
000053031416
Dimensions
unknown
Extent
electronic text
File format
multiple file formats
Form of item
online
Isbn
9781475582949
Level of compression
lossless
Media category
computer
Media MARC source
rdamedia
Media type code
c
Quality assurance targets
present
http://library.link/vocab/recordID
.b29259885
Reformatting quality
replacement
Reproduction note
Electronic reproduction.
Specific material designation
remote
System control number
  • (OCoLC)815570499
  • imf1475582943

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