• Medientyp: E-Book
  • Titel: State-owned banks and international shock transmission
  • Beteiligte: Borsuk, Marcin [VerfasserIn]; Kowalewski, Oskar [VerfasserIn]; Pisany, Paweł [VerfasserIn]
  • Erschienen: [S.l.]: SSRN, [2021]
  • Umfang: 1 Online-Ressource (42 p)
  • Sprache: Englisch
  • Entstehung:
  • Anmerkungen: In: IESEG Working Paper Series 2021-ACF-10
    Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments November 30, 2021 erstellt
  • Beschreibung: In this study, we employ a new dataset on bank ownership and reassess the links between domestic and foreign ownership and lending during the 1996– 2018 period. Additionally, we distinguish between privately-owned and state-controlled banks and find that the lending activities of foreign state-controlled and privately-owned banks differ, particularly following the financial crisis of 2008. Our analysis confirms that foreign state-controlled and privately-owned banks provided credit during domestic banking crises in host countries, whereas lending by domestic state-controlled banks contracted. Further, foreign state-controlled banks reduced their credit base during a home banking crisis, whereas foreign privately-owned banks expanded lending. Hence, we find that the credit supply of foreign state-controlled and privately-owned banks differs in host countries because of exogenous shocks. We also find weak evidence that foreign state control can be a transmission channel during a sovereign crisis in the home country. However, we find no evidence that foreign banks, state-controlled or privately-owned, transmit a currency crisis to a host country. Overall, our results suggest a mixed banking sector comprising foreign and domestic state-controlled banks and privately-owned banks to contribute to financial stability during domestic and international crises
  • Zugangsstatus: Freier Zugang