During a financial crisis, credit provision by international banks may be stymied by three distinct, but related, channels: changes in lending standards as a result of increased economic uncertainty, changes in funding availability from interbank liquidity markets, and changes in solvency due to effects on bank balance sheets. This paper illuminates the manner by which each of these channels independently operated to affect developed-country bank...
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详细
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2012/03/01
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政策研究报告
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WPS6011
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1
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1
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2012/03/01
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Disclosed
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Channels of transmission of the 2007/09 global crisis to international bank lending in developing countries
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degree of risk aversion