Hoggarth, Glenn
[Verfasser:in]
;
Mahadeva, Lavan
[Sonstige Person, Familie und Körperschaft];
Martin, Jeremy HBC
[Sonstige Person, Familie und Körperschaft]
Understanding International Bank Capital Flows During the Recent Financial Crisis
Anmerkungen:
In: Bank of England Financial Stability Paper No. 8
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments September 23, 2010 erstellt
Beschreibung:
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