Series: IMF Working Papers
Author(s): Eugenio Cerutti , and Haonan Zhou
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 07 November 2017
Keywords: International financial markets, Cross-border Lending, Banking Network, Financial Interconnectedness, International Lending and Debt Problems, Financial Aspects of Economic Integration, Other
Post-crisis dynamics show a shrinkage in the overall amount of crossborder bank lending, which has been interpreted in the literature as a retreat in financial globalization. In this paper, we argue that aggregate...