Franklin

Foreign Banks and the Vienna Initiative [electronic resource] : Turning Sinners Into Saints? De Haas, Ralph.

Author/Creator:
De Haas, Ralph.
Publication:
Washington, D.C. : International Monetary Fund, 2012.
Series:
IMF eLibrary
IMF Working Papers; Working Paper No. 12/117.
IMF Working Papers; Working Paper No. 12/117
Format/Description:
Government document
Book
1 online resource (41 p.)
Local subjects:
Bank branches.
Bank commitment.
Bank entry.
Bank exposure.
Bank financing.
Bank for international settlements.
Bank funding.
Bank group.
Bank groups.
Bank lending.
Bank liquidity.
Bank of england.
Bank of greece.
Bank ownership.
Bank regulators.
Bank size.
Bank subsidiaries.
Bank subsidiary.
Bank supervision.
Bank supervisors.
Bank-firm relationships.
Bankers.
Banking.
Banking assets.
Banking crises.
Banking crisis.
Banking environment.
Banking model.
Banking sector.
Banking sector stability.
Banking system.
Banking systems.
Banks.
Banks balance sheets.
Banks loan.
Capital adequacy.
Capital adequacy ratio.
Capital markets.
Capital ratio.
Central banking.
Credit expansion.
Deposit insurance.
Equity participation.
European investment bank.
Finance.
Financial Aspects of Economic Integration.
Foreign exchange.
Global capital markets.
Global Financial Crisis. -- 2008-2009
Guaranteed bonds.
Income statement.
Inflation rate.
International capital.
International capital markets.
Investment bank.
Local capital markets.
Macroeconomic stability.
Models with Panel Data.
Moral hazard.
Mortgages.
Municipal bank.
National bank.
Net interest margin.
Other Depository Institutions.
Private capital.
Recapitalization.
Sovereign risk.
State bank.
Subsidiaries.
Tier 1 capital.
Working capital.
Eastern Europe.
Romania.
Summary:
We use data on 1,294 banks in Central and Eastern Europe to analyze how bank ownership and creditor coordination in the form of the Vienna Initiative affected credit growth during the 2008–09 crisis. As part of the Vienna Initiative western European banks signed country-specific commitment letters in which they pledged to maintain exposures and to support their subsidiaries in Central and Eastern Europe. We show that both domestic and foreign banks sharply curtailed credit during the crisis, but that foreign banks that participated in the Vienna Initiative were relatively stable lenders. We find no evidence of negative spillovers from countries where banks signed commitment letters to countries where they did not.
Notes:
Description based on print version record.
Contributor:
De Haas, Ralph.
Korniyenko, Yevgeniya.
Loukoianova, Elena.
Pivovarsky, Alexander.
Other format:
Print Version:
ISBN:
1475503466:
9781475503463
ISSN:
1018-5941
Publisher Number:
10.5089/9781475503463.001
Access Restriction:
Restricted for use by site license.
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