Rose, Andrew K; Wieladek, Tomasz - C.E.P.R. Discussion Papers - 2011
We provide the first empirical tests for financial protectionism, defined as a nationalistic change in banks’ lending … of financial protectionism. After nationalisations, foreign banks reduced the fraction of loans going to the UK by about … nationalised banks seem to have engaged in financial protectionism, while British nationalised banks have not. …