German Bank Lending During Financial Crises: A Bank Level Analysis

Beatrice Weder di Mauro, Natalja von Westernhagen (natalja.von.westernhagen@bundesbank.de), Thorsten Nestmann and Frank Heid

No 5164, CEPR Discussion Papers from C.E.P.R. Discussion Papers

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
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://cepr.org/publications/DP5164 (application/pdf)
CEPR Discussion Papers are free to download for our researchers, subscribers and members. If you fall into one of these categories but have trouble downloading our papers, please contact us at subscribers@cepr.org

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cpr:ceprdp:5164

Ordering information: This working paper can be ordered from
https://cepr.org/publications/DP5164
orders@cepr.org

Access Statistics for this paper

More papers in CEPR Discussion Papers from C.E.P.R. Discussion Papers Centre for Economic Policy Research, 33 Great Sutton Street, London EC1V 0DX.
Bibliographic data for series maintained by (repec@cepr.org).