The euro area crisis and cross-border bank lending to emerging markets

Stefan Afdjiev, Zsolt Kuti and Elod Takats
Authors registered in the RePEc Author Service: Stefan Avdjiev

BIS Quarterly Review, 2012

Abstract: Cross-border bank lending to emerging markets dropped sharply in the second half of 2011 as the euro area crisis intensified. Stefan Avdjiev (BIS), Zsolt Kuti (Magyar Nemzeti Bank) and Elod Takáts (BIS) use the BIS international banking statistics to identify the key drivers of this decline. Their results suggest that the latest contraction in cross-border bank lending was largely linked to the deteriorating health of euro area banks.

JEL-codes: F34 G15 G21 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (63)

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