Publication:
Channels of Transmission of the 2007/09 Global Crisis to International Bank Lending in Developing Countries

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dc.contributor.authorAdams-Kane, Jonathon
dc.contributor.authorJia, Yueqing
dc.contributor.authorLim, Jamus Jerome
dc.date.accessioned2014-08-29T18:12:05Z
dc.date.available2014-08-29T18:12:05Z
dc.date.issued2012-03
dc.description.abstractDuring a financial crisis, credit provision by international banks may be stymied by three distinct, but related, channels: changes in lending standards as a result of increased economic uncertainty, changes in funding availability from interbank liquidity markets, and changes in solvency due to effects on bank balance sheets. This paper illuminates the manner by which each of these channels independently operated to affect developed-country bank lending in developing countries during the global financial crisis of 2007/09. It quantifies how changes in banks' uncertainty about the value of their asset holdings, access to interbank liquidity, and internal balance sheet considerations altered their supply of credit in the run-up, during, and in the immediate aftermath of the financial crisis, both in terms of their relative magnitudes, as well as the sensitivity of these magnitudes to the crisis.en
dc.identifierhttp://documents.worldbank.org/curated/en/2012/03/15967985/channels-transmission-200709-global-crisis-international-bank-lending-developing-countries
dc.identifier.doi10.1596/1813-9450-6011
dc.identifier.urihttps://hdl.handle.net/10986/19870
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 6011
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCELERATOR
dc.subjectACCESS TO CREDIT
dc.subjectACCOUNTING
dc.subjectAFFILIATES
dc.subjectAGRICULTURE
dc.subjectAIC
dc.subjectALLOCATION OF CREDIT
dc.subjectASSET HOLDINGS
dc.subjectASSET MARKETS
dc.subjectASSET PRICE
dc.subjectASSET PRICES
dc.subjectAUCTION
dc.subjectAVAILABILITY OF CREDIT
dc.subjectBALANCE SHEET
dc.subjectBALANCE-SHEET
dc.subjectBANK ACTIVITY
dc.subjectBANK BALANCE SHEET
dc.subjectBANK BALANCE SHEETS
dc.subjectBANK BEHAVIOR
dc.subjectBANK BONDS
dc.subjectBANK CREDIT
dc.subjectBANK LIQUIDITY
dc.subjectBANK LOAN
dc.subjectBANK LOANS
dc.subjectBANK ORIGIN
dc.subjectBANKING ASSETS
dc.subjectBANKING SECTOR
dc.subjectBANKRUPTCY
dc.subjectBENCHMARK
dc.subjectBID
dc.subjectBINDING CONSTRAINT
dc.subjectBORROWER
dc.subjectBORROWING
dc.subjectBORROWING COSTS
dc.subjectBORROWINGS
dc.subjectCAPITAL MARKETS
dc.subjectCD
dc.subjectCDS
dc.subjectCENTRAL BANK
dc.subjectCENTRAL BANKS
dc.subjectCERTIFICATE OF DEPOSIT
dc.subjectCERTIFICATES OF DEPOSIT
dc.subjectCHANNELS OF CREDIT
dc.subjectCHECKS
dc.subjectCOMMERCIAL CREDIT
dc.subjectCOMMERCIAL LOAN
dc.subjectCOMMERCIAL LOAN MARKET
dc.subjectCOMMERCIAL PAPER
dc.subjectCOMPARATIVE ECONOMICS
dc.subjectCORPORATE INVESTMENT
dc.subjectCOST OF CAPITAL
dc.subjectCOUPON
dc.subjectCOUPON PAYMENTS
dc.subjectCREDIT ACCESS
dc.subjectCREDIT ALLOCATION
dc.subjectCREDIT AVAILABILITY
dc.subjectCREDIT CRUNCH
dc.subjectCREDIT DEFAULT
dc.subjectCREDIT DEFAULT SWAP
dc.subjectCREDIT DEFAULT SWAPS
dc.subjectCREDIT LINES
dc.subjectCREDIT MARKET
dc.subjectCREDIT MARKETS
dc.subjectCREDIT PROVISION
dc.subjectCREDIT RATIONING
dc.subjectCREDIT RISK
dc.subjectCREDIT WORTHINESS
dc.subjectCREDITWORTHY BORROWERS
dc.subjectCRISIS LENDING
dc.subjectCURRENCY
dc.subjectCURRENCY CRISES
dc.subjectDEBT
dc.subjectDEBT CRISIS
dc.subjectDEBT OBLIGATIONS
dc.subjectDEGREE OF LIQUIDITY
dc.subjectDEGREE OF RISK
dc.subjectDEMAND-SIDE FACTORS
dc.subjectDEPENDENCY RATIO
dc.subjectDEPENDENT
dc.subjectDEPOSITS
dc.subjectDERIVATIVE
dc.subjectDERIVATIVES
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPING COUNTRY
dc.subjectDEVELOPMENT ECONOMICS
dc.subjectDEVELOPMENT POLICY
dc.subjectDIVIDEND
dc.subjectDOMESTIC BANK
dc.subjectDOMESTIC BANKS
dc.subjectDOMESTIC CREDIT
dc.subjectECONOMIC POLICY
dc.subjectECONOMIC RESEARCH
dc.subjectELASTICITY
dc.subjectEMERGING ECONOMIES
dc.subjectEMERGING MARKET
dc.subjectEMERGING MARKETS
dc.subjectEUROPEAN CENTRAL BANK
dc.subjectEXCHANGE RATE
dc.subjectEXCHANGE RATES
dc.subjectEXPECTED VALUE
dc.subjectEXTERNAL FINANCE
dc.subjectFEDERAL RESERVE
dc.subjectFINANCIAL CONTAGION
dc.subjectFINANCIAL CRISES
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL DATA
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL INTERMEDIATION
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL SHOCKS
dc.subjectFINANCIAL STABILITY
dc.subjectFINANCIAL STRESS
dc.subjectFINANCIAL SUPPORT
dc.subjectFIXED RATE
dc.subjectFLOW OF CREDIT
dc.subjectFOREIGN BANK
dc.subjectFOREIGN BANK ENTRY
dc.subjectFOREIGN BANK PARTICIPATION
dc.subjectFOREIGN BANK PENETRATION
dc.subjectFOREIGN BANKS
dc.subjectFOREIGN CLAIMS
dc.subjectFOREIGN CURRENCIES
dc.subjectFOREIGN EXCHANGE
dc.subjectFOREIGN LENDERS
dc.subjectFUTURE RESEARCH
dc.subjectGDP
dc.subjectGLOBAL BANKING
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectHOST COUNTRY
dc.subjectHOST ECONOMIES
dc.subjectHOST ECONOMY
dc.subjectIMPLIED VOLATILITY
dc.subjectINCOME
dc.subjectINFLATION
dc.subjectINFLATION RATE
dc.subjectINFLATION RATES
dc.subjectINFORMATIONAL ASYMMETRIES
dc.subjectINSTRUMENT
dc.subjectINTERBANK MARKETS
dc.subjectINTEREST RATE
dc.subjectINTEREST RATE SPREADS
dc.subjectINTEREST RATES
dc.subjectINTERNAL FINANCING
dc.subjectINTERNAL FUNDS
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL BANK LENDING
dc.subjectINTERNATIONAL BANKING
dc.subjectINTERNATIONAL BANKS
dc.subjectINTERNATIONAL INVESTORS
dc.subjectINTERNATIONAL LENDING
dc.subjectINVESTMENT VEHICLES
dc.subjectLARGE FIRMS
dc.subjectLENDERS
dc.subjectLIQUID ASSETS
dc.subjectLIQUIDITY
dc.subjectLIQUIDITY CONSTRAINT
dc.subjectLIQUIDITY CONSTRAINTS
dc.subjectLIQUIDITY MANAGEMENT
dc.subjectLIQUIDITY PROBLEMS
dc.subjectLIQUIDITY RISK
dc.subjectLOAN ASSETS
dc.subjectLOAN DEMAND
dc.subjectLOAN MARKET
dc.subjectLOAN OFFICER
dc.subjectLOAN OFFICERS
dc.subjectLOAN PRINCIPAL
dc.subjectLOANABLE FUNDS
dc.subjectLOCAL BANKS
dc.subjectLOCAL CURRENCY
dc.subjectMACROECONOMICS
dc.subjectMARGINAL VALUE
dc.subjectMARKET CONDITIONS
dc.subjectMARKET LIQUIDITY
dc.subjectMARKET PARTICIPANTS
dc.subjectMONETARY POLICY
dc.subjectMONETARY SHOCKS
dc.subjectMONEY MARKET
dc.subjectMORTGAGE
dc.subjectMORTGAGE CREDIT
dc.subjectMORTGAGE-BACKED SECURITIES
dc.subjectNATIONAL SAVING
dc.subjectNET WORTH
dc.subjectNEW CREDIT
dc.subjectOPEN ECONOMIES
dc.subjectOPPORTUNITY COST
dc.subjectOUTSTANDING LOANS
dc.subjectPOLICY ENVIRONMENT
dc.subjectPOLICY RESPONSE
dc.subjectPORTFOLIO
dc.subjectPORTFOLIOS
dc.subjectPOSITIVE COEFFICIENT
dc.subjectPRICE INDEXES
dc.subjectPRICE VOLATILITY
dc.subjectPRIMARY MARKETS
dc.subjectRATE OF RETURN
dc.subjectREAL GROSS DOMESTIC PRODUCT
dc.subjectREAL INTEREST
dc.subjectREAL INTEREST RATES
dc.subjectRECESSION
dc.subjectRETURNS
dc.subjectRISK AVERSION
dc.subjectRISK EXPOSURE
dc.subjectSECURITIES MARKET
dc.subjectSHORT-TERM LIQUIDITY
dc.subjectSMALL BUSINESS
dc.subjectSMALL BUSINESSES
dc.subjectSOLVENCY
dc.subjectSOLVENCY PROBLEMS
dc.subjectSOVEREIGN DEBT
dc.subjectSTOCK MARKET
dc.subjectSUPPLY OF CREDIT
dc.subjectSWAP
dc.subjectTRANSMISSION OF MONETARY POLICY
dc.subjectUNSECURED LOANS
dc.subjectUTILITY FUNCTION
dc.subjectVALUATION
dc.subjectVALUATIONS
dc.subjectWEALTH
dc.titleChannels of Transmission of the 2007/09 Global Crisis to International Bank Lending in Developing Countriesen
dspace.entity.typePublication
okr.crossref.titleChannels of Transmission of the 2007/09 Global Crisis to International Bank Lending in Developing Countries
okr.date.disclosure2012-03-31
okr.date.doiregistration2025-04-10T11:02:39.478476Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2012/03/15967985/channels-transmission-200709-global-crisis-international-bank-lending-developing-countries
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeFinance and Markets
okr.guid368981468153272177
okr.identifier.doi10.1596/1813-9450-6011
okr.identifier.externaldocumentum000158349_20120323093817
okr.identifier.internaldocumentum15967985
okr.identifier.reportWPS6011
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2012/03/23/000158349_20120323093817/Rendered/PDF/WPS6011.pdfen
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicBanks and Banking Reform
okr.topicEconomic Theory and Research
okr.topicFinance and Financial Sector Development::Access to Finance
okr.topicFinance and Financial Sector Development::Bankruptcy and Resolution of Financial Distress
okr.topicMacroeconomics and Economic Growth
okr.unitProspects Group, Development Economics
okr.volume1 of 1
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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