Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/19731 
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dc.contributor.authorHeid, Franken
dc.contributor.authorNestmann, Thorstenen
dc.contributor.authordi Mauro, Beatrice Wederen
dc.contributor.authorvon Westernhagen, Nataljaen
dc.date.accessioned2009-01-28T16:02:44Z-
dc.date.available2009-01-28T16:02:44Z-
dc.date.issued2004-
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
dc.language.isoengen
dc.publisher|aDeutsche Bundesbank |cFrankfurt a. M.en
dc.relation.ispartofseries|aDiscussion Paper Series 2 |x2004,04en
dc.subject.jelF34en
dc.subject.jelF32en
dc.subject.jelF30en
dc.subject.ddc330en
dc.subject.keywordbankingen
dc.subject.keywordcurrency crisesen
dc.subject.keywordemerging markets crisesen
dc.subject.keywordcontagionen
dc.subject.keywordfinancial stabilityen
dc.subject.keywordbank lendingen
dc.subject.stwKreditgeschäften
dc.subject.stwDeutschen
dc.subject.stwFinanzmarktkriseen
dc.subject.stwInternationaler Finanzmarkten
dc.subject.stwAsienen
dc.subject.stwRusslanden
dc.titleGerman bank lending during emerging market crises: A bank level analysis-
dc.typeWorking Paperen
dc.identifier.ppn471138525en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:bubdp2:4253en

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