LEADER 07174oam 22014294 450 001 9910788082403321 005 20230803200039.0 010 $a1-4983-7273-2 010 $a1-4983-3458-X 035 $a(CKB)2670000000577895 035 $a(EBL)1868523 035 $a(SSID)ssj0001433912 035 $a(PQKBManifestationID)11807822 035 $a(PQKBTitleCode)TC0001433912 035 $a(PQKBWorkID)11416152 035 $a(PQKB)10853881 035 $a(MiAaPQ)EBC1868523 035 $a(Au-PeEL)EBL1868523 035 $a(CaPaEBR)ebr10990905 035 $a(CaONFJC)MIL664617 035 $a(OCoLC)894029055 035 $a(IMF)WPIEA2014197 035 $a(EXLCZ)992670000000577895 100 $a20020129d2014 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 14$aThe Impact of the Global Financial Crisis on Banking Globalization /$fStijn Claessens, Neeltje Horen 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2014. 215 $a1 online resource (51 p.) 225 1 $aIMF Working Papers 300 $aIncludes index. 311 $a1-4983-0143-6 311 $a1-322-33335-1 327 $aCover; Abstract; Contents; I. Introduction; II. Data; III. The global banking system before and after the financial crisis; A. State of foreign banking at the onset of the global financial crisis; B. The impact of the global financial crisis; IV. Drivers behind the shifts in global banking; A. Methodology; B. Empirical results; V. Local lending by foreign banks and cross-border banking; A. Data and basic statistics; B. Drivers behind loan growth of foreign banks and cross-border loans; VI. Conclusions; References; Figures; 1. Number and share of foreign banks, 1995-2013 327 $a2. Number of entries and exits of foreign banks, 1995-20133. Number of foreign banks by home country income group, 1995-2013; 4. Number of net entries by home country income group; 5. Share regional foreign banks before and after the crisis, by home country income group; 6. Change share foreign assets, 2007-2012; 7. Comparison growth local and cross-border lending, 2007-2012; Tables; 1. Number and assets of banks by host country, Aggregates by income level and region; 2. Number of foreign banks by home country, Aggregates by income level and region; 3. Drivers behind transformation 327 $a4. Drivers behind transformation, OECD versus non-OECD home countries5. Local versus cross-border local lending, level and growth comparison; 6. Drivers behind growth local and cross-border lending; Appendix; Figure 1; Table 1; Table 2; Table 3 330 3 $aAlthough cross-border bank lending has fallen sharply since the crisis, extending our bank ownership database from 1995-2009 up to 2013 shows only limited retrenchment in foreign bank presence. While banks from OECD countries reduced their foreign presence (but still represent 89% of foreign bank assets), those from emerging markets and developing countries expanded abroad and doubled their presence. Especially advanced countries hit by a systemic crisis reduced their presence abroad, with far flung and relatively small investments more likely to be sold. Poorer and slower growing countries host fewer banks today, while large investments less likely expanded. Conversely, faster host countries? growth and closeness to potential investors meant more entry. Lending by foreign banks locally grew more than cross-border bank claims did for the same home-host country combination, and each was driven by different factors. Altogether, our evidence shows that global banking is not becoming more fragmented, but rather is going through some important structural transformations with a greater variety of players and a more regional focus. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2014/197 606 $aBanks and banking 606 $aBank loans 606 $aInternational finance 606 $aGlobalization$xEconomic aspects 606 $aGlobal Financial Crisis, 2008-2009 606 $aBanks and Banking$2imf 606 $aFinance: General$2imf 606 $aMoney and Monetary Policy$2imf 606 $aInternational Investment$2imf 606 $aLong-term Capital Movements$2imf 606 $aMultinational Firms$2imf 606 $aInternational Business$2imf 606 $aBanks$2imf 606 $aDepository Institutions$2imf 606 $aMicro Finance Institutions$2imf 606 $aMortgages$2imf 606 $aGeneral Financial Markets: General (includes Measurement and Data)$2imf 606 $aMonetary Policy, Central Banking, and the Supply of Money and Credit: General$2imf 606 $aInternational Lending and Debt Problems$2imf 606 $aBanking$2imf 606 $aFinance$2imf 606 $aMonetary economics$2imf 606 $aForeign banks$2imf 606 $aEmerging and frontier financial markets$2imf 606 $aBank credit$2imf 606 $aCommercial banks$2imf 606 $aFinancial institutions$2imf 606 $aFinancial markets$2imf 606 $aMoney$2imf 606 $aCross-border banking$2imf 606 $aFinancial services$2imf 606 $aBanks and banking, Foreign$2imf 606 $aBanks and banking$2imf 606 $aFinancial services industry$2imf 606 $aCredit$2imf 606 $aInternational finance$2imf 607 $aUnited States$2imf 615 0$aBanks and banking. 615 0$aBank loans. 615 0$aInternational finance. 615 0$aGlobalization$xEconomic aspects. 615 0$aGlobal Financial Crisis, 2008-2009. 615 7$aBanks and Banking 615 7$aFinance: General 615 7$aMoney and Monetary Policy 615 7$aInternational Investment 615 7$aLong-term Capital Movements 615 7$aMultinational Firms 615 7$aInternational Business 615 7$aBanks 615 7$aDepository Institutions 615 7$aMicro Finance Institutions 615 7$aMortgages 615 7$aGeneral Financial Markets: General (includes Measurement and Data) 615 7$aMonetary Policy, Central Banking, and the Supply of Money and Credit: General 615 7$aInternational Lending and Debt Problems 615 7$aBanking 615 7$aFinance 615 7$aMonetary economics 615 7$aForeign banks 615 7$aEmerging and frontier financial markets 615 7$aBank credit 615 7$aCommercial banks 615 7$aFinancial institutions 615 7$aFinancial markets 615 7$aMoney 615 7$aCross-border banking 615 7$aFinancial services 615 7$aBanks and banking, Foreign 615 7$aBanks and banking 615 7$aFinancial services industry 615 7$aCredit 615 7$aInternational finance 676 $a332.1 700 $aClaessens$b Stijn$0282431 701 $aHoren$b Neeltje$01509559 801 0$bDcWaIMF 906 $aBOOK 912 $a9910788082403321 996 $aThe Impact of the Global Financial Crisis on Banking Globalization$93783157 997 $aUNINA