@techreport{Heid2004German,
abstract = {This paper studies German bank lending during the Asian and Russian crises, using a bank
level data set, which has been compiled from credit data at the Deutsche Bundesbank. Our
aim is to gain more insight into the pattern of German bank lending during financial crises in
emerging markets. We find that German banks reacted to the Asian crisis mainly by
reallocating their portfolios among emerging markets. This behaviour is consistent with active
portfolio management and does not necessarily indicate a spontaneous reaction to the Asian
crisis. By contrast, the banks' behaviour during the Russian crisis is characterised by a general
withdrawal from emerging markets. The use of micro data allows us to analyse and to model
bank heterogeneity with panel estimation techniques. We find that the lending of large
commercial banks was less stable than the lending of public sector banks during the Asian
crisis. Differences were not as pronounced during the Russian crisis.},
author = {Frank Heid and Thorsten Nestmann and Beatrice Weder di Mauro and Natalja von Westernhagen},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {F34; F32; F30; 330; banking; currency crises; emerging markets crises; contagion; financial stability; bank lending; Kreditgesch\"{a}ft; Deutsch; Finanzmarktkrise; Internationaler Finanzmarkt; Asien; Russland},
language = {eng},
number = {2004,04},
title = {German bank lending during emerging market crises: A bank level analysis},
type = {Discussion Paper, Series 2: Banking and Financial Supervision},
url = {http://hdl.handle.net/10419/19731},
year = {2004}
}
