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What drives local lending by global banks?

Stefan Avdjiev (), Uluc Aysun and Ralf Hepp ()

No 746, BIS Working Papers from Bank for International Settlements

Abstract: We find that the lending behavior of global banks' subsidiaries throughout the world is more closely related to local macroeconomic conditions and their financial conditions than to those of their owner-specific counterparts. This inference is drawn from a panel dataset populated with bank-level observations from the Bankscope database. Using this database, we identify ownership structures and incorporate them into a unique methodology that identifies and compares the owner and subsidiary-specific determinants of lending. A distinctive feature of our analysis is that we use multi-dimensional country-level data from the BIS international banking statistics to account for exchange rate fluctuations and cross-border lending.

Keywords: bankscope; G-SIB; bank-level data; global banks; BIS international banking statistics (search for similar items in EconPapers)
JEL-codes: E44 F32 G15 G21 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ban, nep-fdg, nep-ifn and nep-mac
Date: 2018-09
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Related works:
Journal Article: What drives local lending by global banks? (2019) Downloads
Working Paper: What drives local lending by global banks? (2017) Downloads
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