Connected to whom? : international interbank borrowing during the global crisis

Kalin Tintchev

The unprecedented collapse of international interbank borrowing was a prominent feature of the global financial crisis that started in August 2007. This paper focuses on the drivers of the retrenchment from 32 advanced and emerging banking systems. Using novel risk-weighted indexes the paper examines whether the banking systems' access to credit was related to their domestic financial soundness and exposure to distressed international counterparties. The empirical findings suggest that both domestic and international risk factors contributed to the decline in international interbank borrowing

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Year of publication:	2013
Authors:	Tintchev, Kalin
Publisher:	Washington, DC : IMF
Subject:	Internationale Bank \| International bank \| Geldmarkt \| Money market \| Industrieländer \| Industrialized countries \| Schwellenländer \| Emerging economies

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Extent:	Online-Ressource (28 S., [4] S.) graph. Darst.
Series:	IMF working papers. - Washington, DC : IMF, ZDB-ID 2108494-4. - Vol. 13/14
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Notes:	"Monetary and Capital Markets Department "January 2013 Includes bibliographical references Systemvoraussetzungen: Acrobat Reader Cover; Abstract; Content; I. Introduction; II. Related Literature; III. Cross-Border Counterparty Risk; Figures; 1. Common Creditor and Borrower Effects; IV. Empirical Model; 2. Balance Sheet Effects: Credit and Liquidity Shocks; V. The Variables; A. Credit Risk Index; B. Indirect Credit Risk Index; C. Liquidity Risk Index; D. Indirect Liquidity Risk Index; E. Macroeconomic Variables; VI. Data; VII. Stylized Facts; VIII. Empirical Findings; 3. International Interbank Borrowing, December 2005-September 2011; 4. Cumulative Change in International Borrowing, December 2007-September 2011; Tables 1. Country Sample5. Banking System Expected Default Frequency; IX. Concluding Remarks; 2. International Interbank Borrowing: Mean-Comparison Tests; 3. Panel Data Analysis: Immediate Crisis Period; 4. Panel Data Analysis: Extended Period; Appendices; I. Variable Definitions and Data Sources; II. Data Caveats; 6. Cross-Border Counterparty Risk Indexes; III. Supplementary Figures and Tables; References Electronic reproduction; Available via World Wide Web
ISBN:	978-1-4755-4202-8 ; 978-1-4755-4469-5 ; 1-4755-1661-4 ; 978-1-4755-1661-6
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10009706755