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Discussion Paper Series 2: Banking and Financial Studies, Deutsche Bundesbank >

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http://hdl.handle.net/10419/19731
  

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dc.contributor.authorHeid, Franken_US
dc.contributor.authorNestmann, Thorstenen_US
dc.contributor.authordi Mauro, Beatrice Wederen_US
dc.contributor.authorvon Westernhagen, Nataljaen_US
dc.coverage.temporal1997-1999en_US
dc.date.accessioned2009-01-28T16:02:44Z-
dc.date.available2009-01-28T16:02:44Z-
dc.date.issued2004en_US
dc.identifier.urihttp://hdl.handle.net/10419/19731-
dc.description.abstractThis 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.en_US
dc.language.isoengen_US
dc.relation.ispartofseriesDiscussion Paper, Series 2: Banking and Financial Supervision 2004,04en_US
dc.subject.jelF34en_US
dc.subject.jelF32en_US
dc.subject.jelF30en_US
dc.subject.ddc330en_US
dc.subject.keywordbankingen_US
dc.subject.keywordcurrency crisesen_US
dc.subject.keywordemerging markets crisesen_US
dc.subject.keywordcontagionen_US
dc.subject.keywordfinancial stabilityen_US
dc.subject.keywordbank lendingen_US
dc.subject.stwKreditgeschäften_US
dc.subject.stwDeutschen_US
dc.subject.stwFinanzmarktkriseen_US
dc.subject.stwInternationaler Finanzmarkten_US
dc.subject.stwAsienen_US
dc.subject.stwRusslanden_US
dc.titleGerman bank lending during emerging market crises: A bank level analysisen_US
dc.typeWorking Paperen_US
dc.identifier.ppn471138525en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:bubdp2:4253-
Appears in Collections:Discussion Paper Series 2: Banking and Financial Studies, Deutsche Bundesbank

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