Global Deleveraging and Foreign Banks' Lending to Latin American Countries.

The article looks at how the 2008-09 global financial shock affected foreign bank lending to Latin American countries. It explores three factors that affected foreign bank lending, namely, the freezing of the international markets, the deterioration of the financial health of parent banks in develop...

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Detalles Bibliográficos
Publicado en:Economía Vol. 13; no. 2; pp. 1 - 35
Autores principales: KAMIL, HERMAN, RAI, KULWANT
Formato: Artículo
Publicado: London School of Economics & Political Science Spring2013
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Acceso en línea:Ver este registro en EBSCOhost
Descripción
Sumario:The article looks at how the 2008-09 global financial shock affected foreign bank lending to Latin American countries. It explores three factors that affected foreign bank lending, namely, the freezing of the international markets, the deterioration of the financial health of parent banks in developed economies and more restrictive lending standards. It adds that the effects of the crisis were less in countries where foreign bank lending was done through local affiliates in domestic currency.