Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/39661
Authors: 
Vogel, Ursula
Winkler, Adalbert
Year of Publication: 
2010
Series/Report no.: 
Working paper series // Frankfurt School of Finance & Management 149
Abstract: 
Foreign banks have increased their market share in many emerging markets since the mid-1990s. We examine whether this contributed to financial stability in the respective host countries in the global financial crisis. Our results suggest that the stabilizing impact of foreign banks was limited to the cross-border component of financial globalization and to two regions: Eastern Europe and Sub-Saharan Africa. Only in the latter region was this translated into more stable credit growth. Thus hopes that a stronger presence of foreign banks might help host countries in isolating domestic credit from international shocks did not materialize in the current crisis.
Subjects: 
Foreign banks
cross-border lending
bank credit
financial crisis
JEL: 
E44
F36
G21
Document Type: 
Working Paper

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