Banking on Foreigners : TheBehavior of International Bank Lending to Latin America, 1985–2000

Martinez Peria, Maria Soledad ; Powell, Andrew ; Hollar, Ivanna Vladkova

World Bank, Washington, DC

关键词: ACCOUNTING;    AFFILIATES;    BALANCE SHEET;    BANK EXPOSURE;    BANK FOR INTERNATIONAL SETTLEMENTS;   

DOI  :  10.1596/1813-9450-2893
RP-ID  :  WPS2893

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

Rising international bank financing todeveloping countries has fueled a debate on the behavior ofthese claims. The authors analyze claims from seven home(lender) countries on ten host (borrower) countries in LatinAmerica. They find that banks transmit shocks from theirhome countries and changes in their claims on othercountries spill over to individual hosts. However, lendinghas become less "indiscriminate" and moreresponsive to host conditions over time. Responsiveness tothe latter becomes less "pro-cyclical" as exposureincreases. Finally, foreign bank lending reacts more topositive than to negative host shocks and is notsignificantly curtailed during crises.