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Financial Stability Paper No 8: Understanding International Bank Capital Flows during the Recent Financial Crisis

Glenn Hoggarth, Lavan Mahadeva and Jeremy Martin
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Lavan Mahadeva: Bank of England, Postal: Publications Group Bank of England Threadneedle Street London EC2R 8AH
Jeremy Martin: Bank of England, Postal: Publications Group Bank of England Threadneedle Street London EC2R 8AH

No 8, Bank of England Financial Stability Papers from Bank of England

Abstract: Cross-country bank lending mushroomed over the past decade. This helped to spread risks but also meant that international banks were more vulnerable than previously to shocks from abroad including from each other. Following the outbreak of the US sub-prime crisis, and especially after the collapse of Lehman Brothers, cross-border bank flows reversed dramatically. This paper is aimed at better understanding how the recent crisis propagated through the international banking system. It describes the pattern of deleveraging by international banks in reaction to their funding and capital pressures, the international spillovers and the vulnerability of the UK banking system to shocks from abroad given its global role.

Keywords: International capital flows (search for similar items in EconPapers)
JEL-codes: G15 (search for similar items in EconPapers)
Pages: 21 pages
Date: 2010-09-23
Note: Bank Capital Flow; lending; deleveraging
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