Bank relationships and the depth of the current economic crisis

Julian Caballero, Christopher Candelaria and Galina Hale

FRBSF Economic Letter, 2009, issue dec14

Abstract: The financial crisis has been worldwide in scope, but the severity has differed from country to country. Those countries whose banks played a more central role in the global financial system, were important intermediaries, or had extensive direct relationships tended to be less seriously affected, as measured by the extent of the decline in their stock markets in 2008.

Keywords: Banks and banking; Financial crises (search for similar items in EconPapers)
Date: 2009
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