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Foreign Banks in the CESE Countries: In for a Penny, in for a Pound?

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Author Info
Andrea M. Maechler
Li L. Ong
Abstract

The aim of this paper is to construct a comprehensive and consistent dataset to analyze the potential risks from foreign bank lending, for both the creditor and borrower countries of Central, Eastern and South-Eastern Europe (CESE). We develop a picture of bank claims on 13 CESE countries by combining credit statistics from several sources. Our constructed data suggest that some of these host countries have become more at risk from a sudden withdrawal of short-term external funding, while home countries have significant aggregate exposures to the region. Overall, we find that data on banking activity remain largely inadequate for surveillance and policymaking purposes, and that a concerted effort to improve data collection is needed at the international level.

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Paper provided by International Monetary Fund in its series IMF Working Papers with number 09/54.

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Length: 62 pages
Date of creation: 19 Mar 2009
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Handle: RePEc:imf:imfwpa:09/54

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Related research
Keywords: Banks ; Central and Eastern Europe ; Southern Europe ; Banking ; Foreign investment ; Private sector ; Emerging markets ; Economic integration ; Spillovers ; Data collection ; Cross country analysis ;

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Graciela L. Kaminsky & Carmen M. Reinhart & Carlos A. Vegh, 2003. "The Unholy Trinity of Financial Contagion," Journal of Economic Perspectives, American Economic Association, vol. 17(4), pages 51-74, Fall. [Downloadable!] (restricted)
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  2. Zsofia Arvai & Karl Driessen & Inci Otker-Robe, 2009. "Regional Financial Interlinkages and Financial Contagion Within Europe," IMF Working Papers 09/6, International Monetary Fund. [Downloadable!]
  3. Adam Geršl, 2007. "Foreign Banks, Foreign Lending and Cross-Border Contagion: Evidence from the BIS Data," Working Papers IES 2007/08, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised Jan 2007. [Downloadable!]
  4. Kaminsky, Graciela L. & Reinhart, Carmen M., 2000. "On crises, contagion, and confusion," Journal of International Economics, Elsevier, vol. 51(1), pages 145-168, June. [Downloadable!] (restricted)
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This page was last updated on 2009-10-21.

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