 Foreign Banks in the CESE Countries: In for a Penny, in for a Pound?Li Ong and Andrea Maechler No 2009/054, IMF Working Papers from International Monetary Fund Abstract: The aim of this paper is to construct a comprehensive and consistent dataset to analyze the potential risks from foreign bank lending, for both the creditor and borrower countries of Central, Eastern and South-Eastern Europe (CESE). We develop a picture of bank claims on 13 CESE countries by combining credit statistics from several sources. Our constructed data suggest that some of these host countries have become more at risk from a sudden withdrawal of short-term external funding, while home countries have significant aggregate exposures to the region. Overall, we find that data on banking activity remain largely inadequate for surveillance and policymaking purposes, and that a concerted effort to improve data collection is needed at the international level. Keywords: WP; bank; Central; Eastern; and South-Eastern Europe; nonbank private sector; private sector; Contagion; cross-border claims; home; host; local affiliates of foreign banks; bank claim; CESE country; foreign currency; risk management strategy; bank funding; Foreign banks; Foreign currency exposure; Commercial banks; Currencies; Nonbank financial institutions; Baltics; Global (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:imf:imfwpa:2009/054 Ordering information: This working paper can be ordered from Access Statistics for this paper More papers in IMF Working Papers from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC. |
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