{
  "title": "Banks’ Foreign Credit Exposures and Borrowers’ Rollover Risks Measurement, Evolution and Determinants",
  "publication": "IMF Working Papers, January 11, 2013",
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  "summary": "The recent crises highlighted the role of cross-border banking linkages. This paper proposes two new measures for better capturing creditor banking systems’ foreign credit exposures and borrower countries’ reliance on foreign bank credit, by combining BIS data with bank-level data.",
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      "heading": "Summary",
      "content": "- Author: Eugenio M Cerutti\n- Date: January 11, 2013\n- Core purpose: Proposes two new measures to better capture (a) creditor banking systems’ foreign credit exposures and (b) borrower countries’ reliance on foreign bank credit, by combining BIS data with bank-level data.\n- Central motivation: The recent crises highlighted the role of cross-border banking linkages.\n- Main methodological refinements: Novel break-in-series and exchange rate variation adjustments."
    },
    {
      "heading": "Key findings and results",
      "content": "- The proposed refinements matter, especially when foreign bank affiliates’ funding relies heavily on local deposits.\n- Estimations for 2006-2012 highlight:\n  - (i) The role of systemic banking crises and global financial conditions in the evolution of banks’ foreign credit exposures.\n  - (ii) A larger set of factors driving the evolution of borrower countries’ reliance on foreign bank credit, including:\n    - how countries borrowed,\n    - from whom they borrowed,\n    - global financial conditions, and\n    - domestic demand conditions."
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    {
      "heading": "Methodology and measures",
      "content": "- Data sources combined: BIS data and bank-level data.\n- Adjustments developed: break-in-series adjustments and exchange rate variation adjustments (described as novel and necessary)."
    },
    {
      "heading": "Thematic scope and subjects",
      "content": "- Subjects listed: Banking, Commercial banks, Financial crises, Financial institutions, Foreign banks, Foreign currency exposure, Money, Systemic crises.\n- Keywords include: banking group, banking system, BIS bank, borrower country, Commercial banks, contagion, credit commitment, creditor banking system, downstream exposure, Europe, exchange rate, Foreign banks, Foreign currency exposure, Global, international, on-balance sheet, Systemic crises, Systemic risks, upstream exposure, vulnerabilities, WP.\n\n---\n\n Content in this bundle\n\n- wp1309\n  - wp1309 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - wp1309 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2016/12/31/banks-foreign-credit-exposures-and-borrowers-rollover-risks-measurement-evolution-and-40235"
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    "Authors: Eugenio M Cerutti",
    "Published: January 11, 2013",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9781475544602.001",
    "Author: Eugenio M Cerutti",
    "Date: January 11, 2013",
    "Core purpose: Proposes two new measures to better capture (a) creditor banking systems’ foreign credit exposures and (b) borrower countries’ reliance on foreign bank credit, by combining BIS data with bank-level data.",
    "Central motivation: The recent crises highlighted the role of cross-border banking linkages.",
    "Main methodological refinements: Novel break-in-series and exchange rate variation adjustments.",
    "The proposed refinements matter, especially when foreign bank affiliates’ funding relies heavily on local deposits.",
    "Estimations for 2006-2012 highlight:",
    "Data sources combined: BIS data and bank-level data.",
    "Adjustments developed: break-in-series adjustments and exchange rate variation adjustments (described as novel and necessary).",
    "Subjects listed: Banking, Commercial banks, Financial crises, Financial institutions, Foreign banks, Foreign currency exposure, Money, Systemic crises.",
    "Keywords include: banking group, banking system, BIS bank, borrower country, Commercial banks, contagion, credit commitment, creditor banking system, downstream exposure, Europe, exchange rate, Foreign banks, Foreign currency exposure, Global, international, on-balance sheet, Systemic crises, Systemic risks, upstream exposure, vulnerabilities, WP.",
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