Foreign Banks in the CESE Countries: In for a Penny, in for a Pound?

Andrea M. Maechler and Li L. Ong

No 09/54, IMF Working Papers from International Monetary Fund

Abstract: The aim of this paper is to construct a comprehensive and consistent dataset to analyze the potential risks from foreign bank lending, for both the creditor and borrower countries of Central, Eastern and South-Eastern Europe (CESE). We develop a picture of bank claims on 13 CESE countries by combining credit statistics from several sources. Our constructed data suggest that some of these host countries have become more at risk from a sudden withdrawal of short-term external funding, while home countries have significant aggregate exposures to the region. Overall, we find that data on banking activity remain largely inadequate for surveillance and policymaking purposes, and that a concerted effort to improve data collection is needed at the international level.

Keywords: Banks; Central and Eastern Europe; Southern Europe; Banking; Foreign investment; Private sector; Emerging markets; Economic integration; Spillovers; Data collection; Cross country analysis (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ban, nep-eec and nep-tra
Date: Written
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