Foreign Banks in the CESE Countries: In for a Penny, in for a Pound?
IMF Working Papers, March 1, 2009
Source details
- Canonical URL
- Foreign Banks in the CESE Countries: In for a Penny, in for a Pound?
Other formats
Bibliographic details
- Authors: Li L Ong, Andrea M. Maechler
- Published: March 1, 2009
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781451872026.001
Aim and scope
- Construct a comprehensive and consistent dataset to analyze potential risks from foreign bank lending for both creditor and borrower countries of Central, Eastern and South-Eastern Europe (CESE).
- Develop a picture of bank claims on 13 CESE countries by combining credit statistics from several sources.
Methods and data construction
- Combined credit statistics from several sources to construct bank claims on 13 CESE countries.
- Produced a dataset intended to illuminate cross-border banking exposures from the perspective of both home and host countries.
Key findings
- Some host countries have become more at risk from a sudden withdrawal of short-term external funding.
- Home countries have significant aggregate exposures to the CESE region.
- Data on banking activity remain largely inadequate for surveillance and policymaking purposes.
Policy implications and recommendations
- A concerted effort to improve data collection is needed at the international level to support surveillance and policymaking related to cross-border banking risks.
Subject areas and keywords
- Subjects: Banking, Commercial banks, Currencies, Financial institutions, Foreign banks, Foreign currency exposure, Money, Nonbank financial institutions
- Keywords (as listed): and South-Eastern Europe, Baltics, bank, bank claim, bank funding, Central, CESE country, Commercial banks, Contagion, cross-border claims, Currencies, Eastern, Foreign banks, foreign currency, Foreign currency exposure, Global, home, host, local affiliates of foreign banks, Nonbank financial institutions, nonbank private sector, private sector, risk management strategy, WP