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

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

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
Author
Issuing body
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
Member of
Cataloging source
CaPaEBR
http://library.link/vocab/creatorName
Aiyar, Shekhar
Illustrations
illustrations
Index
no index present
LC call number
HG3968.
LC item number
A39 2012eb
Literary form
non fiction
Nature of contents
  • standards specifications
  • bibliography
http://library.link/vocab/relatedWorkOrContributorDate
1975-
http://library.link/vocab/relatedWorkOrContributorName
  • Jain-Chandra, Sonali
  • International Monetary Fund
Series statement
IMF working paper
Series volume
WP/12/258
http://library.link/vocab/subjectName
  • Banks and banking, International
  • Banks and banking
Label
Domestic credit supply response to international bank deleveraging : is Asia different?, Shekhar Aiyar and Sonali Jain-Chandra, (electronic book)
Instantiates
Publication
Bibliography note
Includes bibliographical references
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
Control code
ebr10635351
Dimensions
unknown
Extent
14 p.
Form of item
electronic
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Original version note
Original electronic resource
Other physical details
ill.
Reproduction note
Electronic resource.
Specific material designation
remote
Label
Domestic credit supply response to international bank deleveraging : is Asia different?, Shekhar Aiyar and Sonali Jain-Chandra, (electronic book)
Publication
Bibliography note
Includes bibliographical references
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
Control code
ebr10635351
Dimensions
unknown
Extent
14 p.
Form of item
electronic
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Original version note
Original electronic resource
Other physical details
ill.
Reproduction note
Electronic resource.
Specific material designation
remote

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