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161223 ||| eng |
| 020 |
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|a 9781475551341
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| 100 |
1 |
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|a Hale, Galina
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| 245 |
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0 |
|a Crisis Transmission in the Global Banking Network
|c Galina Hale, Tümer Kapan, Camelia Minoiu
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2016
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| 300 |
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|a 38 pages
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| 651 |
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4 |
|a United States
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| 653 |
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|a Economic & financial crises & disasters
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| 653 |
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|a Depository Institutions
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| 653 |
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|a Government and the Monetary System
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| 653 |
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|a Payment Systems
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| 653 |
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|a Credit
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| 653 |
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|a Banks
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| 653 |
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|a Finance
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| 653 |
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|a Financial crises
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| 653 |
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|a Industries: Financial Services
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| 653 |
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|a Banks and banking
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| 653 |
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|a Regimes
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| 653 |
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|a Monetary economics
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| 653 |
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|a Systemic crises
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| 653 |
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|a Financial institutions
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| 653 |
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|a Monetary Policy, Central Banking, and the Supply of Money and Credit: General
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| 653 |
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|a Micro Finance Institutions
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| 653 |
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|a Financial Aspects of Economic Integration
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| 653 |
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|a Mortgages
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| 653 |
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|a International Lending and Debt Problems
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| 653 |
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|a Money
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| 653 |
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|a Standards
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| 653 |
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|a Loans
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| 653 |
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|a Syndicated loans
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| 653 |
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|a Banks and Banking
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| 653 |
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|a Monetary Systems
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| 653 |
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|a Macroeconomics
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| 653 |
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|a Bank credit
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| 653 |
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|a Banking crises
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| 653 |
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|a Banking
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| 653 |
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|a Foreign exchange market
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| 653 |
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|a Foreign currency exposure
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| 653 |
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|a Money and Monetary Policy
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| 653 |
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|a Financial Crises
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| 700 |
1 |
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|a Kapan, Tümer
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| 700 |
1 |
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|a Minoiu, Camelia
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| 041 |
0 |
7 |
|a eng
|2 ISO 639-2
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| 989 |
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|b IMF
|a International Monetary Fund
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| 490 |
0 |
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|a IMF Working Papers
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| 856 |
4 |
0 |
|u https://elibrary.imf.org/view/journals/001/2016/091/001.2016.issue-091-en.xml?cid=43865-com-dsp-marc
|x Verlag
|3 Volltext
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| 082 |
0 |
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|a 330
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| 520 |
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|a We study the transmission of financial sector shocks across borders through international bank connections. For this purpose, we use data on long-term interbank loans among more than 6,000 banks during 1997-2012 to construct a yearly global network of interbank exposures. We estimate the effect of direct (first-degree) and indirect (second-degree) exposures to countries experiencing systemic banking crises on bank profitability and loan supply. We find that direct exposures to crisis countries squeeze banks' profit margins, thereby reducing their returns. Indirect exposures to crisis countries enhance this effect, while indirect exposures to non-crisis countries mitigate it. Furthermore, crisis exposures have real effects in that they reduce banks' supply of domestic and cross-border loans. Our results, based on a large global sample, support the notion that interconnected financial systems facilitate shock transmission
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