Year: 2007
Author: Heid, Frank, Nestmann, Thorsten, Weder, Beatrice, von Westernhagen, Natalja
Credit and Capital Markets – Kredit und Kapital, Vol. 40 (2007), Iss. 3 : pp. 381–405
Abstract
This paper studies the reaction of bank lending in times of higher risk aversion. In particular, we analyse German bank lending during the Asian and Russian crises, using a bank level data set from the Deutsche Bundesbank. Our aim is to gain more insight into the pattern of 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. In addition, lending of large commercial banks was less stable than the lending of public sector banks. By contrast, banks' behaviour during the Russian crisis is mainly characterised by a general withdrawal from emerging markets. Differences between the banking groups were not as pronounced as during the Asian crisis. (JEL F30, F32, F34)
Journal Article Details
Publisher Name: Global Science Press
Language: Multiple languages
DOI: https://doi.org/10.3790/ccm.40.3.381
Credit and Capital Markets – Kredit und Kapital, Vol. 40 (2007), Iss. 3 : pp. 381–405
Published online: 2007-07
AMS Subject Headings: Duncker & Humblot
Copyright: COPYRIGHT: © Global Science Press
Pages: 25
Author Details
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