Dailami, MansoorAdams-Kane, Jonathon2014-02-182014-02-182012-10https://hdl.handle.net/10986/17079The international banking industry faces a challenging future, having to consolidate at a time of heightened global financial volatility, anemic growth in advanced countries, and shifting global growth balances. After a long period of sustained expansion and accommodating regulatory treatment, the structure of international banking is changing as global banks' business strategies shift toward fast-growing emerging-market economies. The center of gravity for international lending is shifting, with the role of European banks shrinking and American, Japanese, and emerging-market banks filling in the space. Against this backdrop, the current debate on adding economic stimulus to support the sputtering global economic recovery should consider the possible contractionary impacts of bank deleveraging, even with global interest rates remaining at historically low levels.en-USCC BY 3.0 IGOACCESS TO CAPITALACCESS TO CAPITAL MARKETSADVANCED COUNTRIESADVANCED COUNTRYADVANCED ECONOMIESASSET BASEASSET GROWTHASSET PORTFOLIOSASSET PRICESASSETS RATIOBACKED BONDSBALANCE SHEETBALANCE SHEETSBANK ACQUISITIONSBANK BALANCE SHEETBANK BRANCHESBANK CREDITBANK DEBTBANK FOR INTERNATIONAL SETTLEMENTSBANK HOLDINGBANK HOLDING COMPANIESBANK LENDINGBANK OF SPAINBANK POLICYBANK SUPERVISIONBANKING ASSETSBANKING INDUSTRYBANKING INSTITUTIONSBANKING REGULATIONBANKING SECTORBANKING SECTOR ASSETSBANKING SECTOR STABILITYBANKING SECTORSBANKING SERVICESBANKING SYSTEMBANKING SYSTEMSBANKING UNIONBANKSBONDBOND ISSUANCEBORROWERBORROWINGBORROWING COSTSBUSINESS STRATEGIESBUSINESS STRATEGYCAPITAL ADEQUACYCAPITAL FLOWSCAPITAL MARKETSCAPITALIZATIONCENTRAL BANKSCENTRAL GOVERNMENT DEBTCOLLATERALCOMMERCIAL BANKSCOMMODITYCONSOLIDATIONCOOPERATIVE BANKSCOSTS OF BORROWINGCREDIT INSTITUTIONSCREDIT MARKETSCREDIT PROVISIONCREDIT RATINGCREDIT RATINGSCREDIT RISKCRISIS COUNTRIESCROSS-BORDER BANKINGDEBTDEBT CRISISDEBT HOLDINGSDEPOSITDEPOSITSDERIVATIVESDEVELOPING COUNTRIESDEVELOPING COUNTRYDEVELOPING ECONOMIESDIVESTMENTDOMESTIC BANKDOMESTIC BANKSDOMESTIC CREDITDOMESTIC FINANCIAL MARKETSECONOMIC CONDITIONSECONOMICSEMERGING ECONOMIESEMERGING MARKETSEMERGING-MARKETEUROPEAN CENTRAL BANKEXPOSUREEXPOSURESFEDERAL RESERVEFINANCE COMPANIESFINANCIAL COMPANIESFINANCIAL CRISISFINANCIAL INFORMATIONFINANCIAL INSTITUTIONSFINANCIAL INTERMEDIATIONFINANCIAL MARKETFINANCIAL MARKET DEVELOPMENTFINANCIAL MARKETSFINANCIAL SECTORFINANCIAL SECTOR DEVELOPMENTFINANCIAL SERVICESFINANCIAL SHOCKSFINANCIAL STABILITYFINANCIAL VOLATILITYFINANCING SOURCESFISCAL CONSOLIDATIONFISCAL DEFICITFOREIGN BANKFOREIGN BANK PARTICIPATIONFOREIGN BANKSFOREIGN DIRECT INVESTMENTFOREIGN FINANCINGGLOBAL BANKINGGLOBAL ECONOMYGLOBAL FINANCIAL MARKETSGLOBAL FINANCIAL STABILITYGLOBAL GROSS DOMESTIC PRODUCTGOVERNMENT BONDSGOVERNMENT BUDGETSGOVERNMENT DEBTGOVERNMENT DEBT SECURITIESGOVERNMENT SECURITIESGROSS DOMESTIC PRODUCTHOLDINGSHOME COUNTRYHOME MARKETHOUSEHOLD DEPOSITSIDINCOMEINCOMESINSURANCEINSURANCE COMPANIESINTERBANK MARKETSINTEREST RATEINTEREST RATESINTERNATIONAL BANKINTERNATIONAL BANK LENDINGINTERNATIONAL BANKINGINTERNATIONAL BANKSINTERNATIONAL LENDINGINVESTMENT BANKSINVESTMENT FINANCINGINVESTMENT MANAGEMENTJOB CREATIONLENDING PORTFOLIOSLIQUIDITYLIQUIDITY PROBLEMSLLCLOANLOAN DEMANDLOAN-TO-DEPOSIT RATIOSLOCAL BANKSMACROECONOMIC POLICYMARKET CAPITALIZATIONMARKET CONDITIONSMARKET DEVELOPMENTMARKET ECONOMIESMARKET SHAREMONETARY FUNDMONETARY TRANSMISSIONMONETARY TRANSMISSION MECHANISMSMONEY MARKETMONEY MARKETSNONBANKSOWNERSHIP DATAPENSIONPENSION FUNDSPRIVATE DEBTPRIVATE DEBT MARKETSPRIVATE EQUITYPUBLIC DEBTPUBLIC FINANCESREGIONAL TRADEREGULATORY TREATMENTRETURNSRISK DIVERSIFICATIONSHARE OF ASSETSSHAREHOLDERSOVEREIGN DEBTSOVEREIGN DEBT PROBLEMSSOVEREIGN RISKSUBSIDIARIESSUBSIDIARYTIER 1 CAPITALTRADE FINANCETRANCHESTRANSMISSION OF MONETARY POLICYVENTURE CAPITALVENTURE CAPITAL FIRMSWHOLESALE FUNDINGWORLD ECONOMY10.1596/17079