What drives local lending by global banks?
Stefan Avdjiev (),
Uluc Aysun and
Ralf Hepp ()
No 746, BIS Working Papers from Bank for International Settlements
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)
Pages: 64 pages
New Economics Papers: this item is included in nep-ban, nep-fdg, nep-ifn and nep-mac
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Journal Article: What drives local lending by global banks? (2019)
Working Paper: What drives local lending by global banks? (2017)
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Persistent link: https://EconPapers.repec.org/RePEc:bis:biswps:746
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