Financial crises and cross-border banking: New evidence

被引:37
|
作者
Kleimeier, Stefanie [1 ]
Sander, Harald [2 ,3 ]
Heuchemer, Sylvia [2 ]
机构
[1] Maastricht Univ, Sch Business & Econ, NL-6200 MD Maastricht, Netherlands
[2] Cologne Univ Appl Sci, D-50678 Cologne, Germany
[3] Maastricht Sch Management, NL-6229 EP Maastricht, Netherlands
关键词
Cross-border banking; Systemic banking crisis; Currency crisis; Gravity model; Currency union; Banking geography; TRANSMISSION; MARKET;
D O I
10.1016/j.jimonfin.2012.07.007
中图分类号
F8 [财政、金融];
学科分类号
0202 ;
摘要
The surge in cross-border banking prior to global financial crises took place not only in the interbank market but also in the retail market, e.g. between banks and their private customers abroad. We utilize confidential data to estimate for the first time the effects of banking, currency and twin crises on the geography of cross-border deposits and loans. We show that each crisis type has its own specific effects, that these effects themselves lead to sustained increases in cross-border banking, and that they are different for cross-border loans and deposits, respectively. (C) 2012 Elsevier Ltd. All rights reserved.
引用
收藏
页码:884 / 915
页数:32
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