German Bank Lending During Financial Crises: A Bank Level Analysis

Beatrice Weder di Mauro, Natalja von Westernhagen (), Thorsten Nestmann and Frank Heid

No 5164, CEPR Discussion Papers from Centre for Economic Policy Research

Abstract: This paper studies German bank lending during the Asian and Russian crises, using a bank level data set from the Deutsche Bundesbank. Our aim is to gain more insight into the pattern of German bank lending during financial crises in emerging markets. We find that German banks reacted to the Asian crisis mainly by reallocating their portfolios among emerging markets. By contrast, the banks' behaviour during the Russian crisis is characterised by a general withdrawal from emerging markets. We find that the lending of large commercial banks was less stable than the lending of public sector banks during the Asian crisis. Differences were not as pronounced during the Russian crisis.

Keywords: Banking; Currency crises; Emerging markets crises; Contagion; Financial stability; Bank lending (search for similar items in EconPapers)
JEL-codes: F30 F32 F34 (search for similar items in EconPapers)
Date: 2005-08
New Economics Papers: this item is included in nep-bec and nep-fmk
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