Contagion internationale post -Lehman, marges intensive et extensive

Louis-Marie Harpedanne de Belleville

Revue française d'économie, 2015, vol. Volume XXX, issue 3, 143-188

Abstract: Following the collapse of Lehman Brothers, local lending to French firms by foreign banks experienced a noticeable decline. We adapt the methodology proposed by Gan [2007] and Khwaja and Mian [2008] to control for borrower heterogeneity and identify the existence of a loan supply shock. We evidence that analysing the intensive margin is not sufficient. The decrease in lending by foreign banks remains significant after controlling for domestic banking factors, state intervention and aggregate demand for loans. It is stronger for banks from areas more affected by the crisis. Therefore the cause of this decline is international financial contagion.

Date: 2015
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.cairn.info/load_pdf.php?ID_ARTICLE=RFE_153_0143 (application/pdf)
http://www.cairn.info/revue-francaise-d-economie-2015-3-page-143.htm (text/html)
free

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cai:rferfe:rfe_153_0143

Access Statistics for this article

More articles in Revue française d'économie from Presses de Sciences-Po
Bibliographic data for series maintained by Jean-Baptiste de Vathaire ().