Are Foreign Banks A 'Safe Haven' Evidence From Past Banking Crises by Adler, Gustavo.

Full Title: Are Foreign Banks A 'Safe Haven' Evidence From Past Banking Crises
Author/Editor(s): Gustavo Adler; Eugenio Cerutti
ISBN: 1616357045, 9781616357047
Publisher: International Monetary Fund
Published Place: Washington, D.C.
Published/Copyright Year: 2015
Language: English
Series: IMF Working Papers: Working Paper No. 15/43
IMF ELibrary
Number of pages: 1 online resource (27 pages)
Categories:
Accounting
Affiliates
Bank Deposits
Bank Failure
Bank Run
Banking Crises
Banking Crisis
Banking Industry
Banking Sector
Banking Systems
Banks
Capital Markets
Capitalization
Cooperative Banks
Credit
Criteria
Cross Country Analysis
Deposit Insurance
Emerging Markets
Federal Reserve Bank Of Boston
Finance
Financial Institutions
Financial Markets
Financial Stability
Foreign Banks
Foreign Currency Deposits
Insurance
Interest
Interest Rates
International Financial Markets
International Investment
Lending
Liquid Assets
Loans
Long-Term Capital Movements
Market Discipline
Mortgages
Other Depository Institutions
Private Banks
Privatization
Profitability
Provincial Banks
Regional Banks
Regulatory Framework
Risk
Saving
Sovereign Risk
Subsidiaries
Subsidiary
Systemic Risk
Time Deposits
Argentina
Uruguay
Western Hemisphere


Content:
The presence of foreign banks in emerging markets has increased markedly over the last two decades, raising questions about their potentially stabilizing or destabilizing role during times of financial distress. Most studies on this subject have focused on banks’ asset side (i.e., their lending behavior). This paper focuses on their liability side, studying the behavior of depositors vis-a-vis foreign banks. We rely on data from the banking crises in Argentina and Uruguay over the period 1994-2002 to conduct the study. The paper focuses on three questions; (i) are foreign banks perceived as a safe haven during bank runs; (ii) does their legal structure (branch versus subsidiary) matter; (iii) do perceptions depend on the nature of the crisis Contrary to the commonly held view that foreign banks play a stabilizing role during domestic banking crises, we do not find robust evidence in this regard. Only in one (large) bank run episode, out of five studied, there is evidence of safe haven perceptions towards foreign branches.

Electronic Resources:
http://hdl.library.upenn.edu/1017.12/1522082

ISBNPlus ID: UPE.BD102.21815-11-2208855
Form: Nonfiction
Released Date: 20151203

Download BiBTeX of this book (.bib)
@book{isbnplus9781616357047,
 title={Are Foreign Banks A 'Safe Haven' Evidence From Past Banking Crises},
 author={Gustavo Adler and Eugenio Cerutti},
 isbn={9781616357047},
 series={IMF Working Papers: Working Paper No. 15/43},
 url={http://isbnplus.org/9781616357047},
 year={2015},
 publisher={International Monetary Fund},
 address={Washington, D.C.}
}
Download 9781616357047.bib
Download EndNote of this book (.enw)
%0 Book
%T Are Foreign Banks A 'Safe Haven' Evidence From Past Banking Crises
%A Gustavo Adler
%A Eugenio Cerutti
%@ 9781616357047
%U http://isbnplus.org/9781616357047
%D 2015
%I International Monetary Fund
%C Washington, D.C.
Download 9781616357047.enw
Download RefMan of this book (.ris)
TY  - BOOK
T1  - Are Foreign Banks A 'Safe Haven' Evidence From Past Banking Crises
A1  - Gustavo Adler
A1  - Eugenio Cerutti
SN  - 9781616357047
T3  - IMF Working Papers: Working Paper No. 15/43
UR  - http://isbnplus.org/9781616357047
Y1  - 2015
PB  - International Monetary Fund
CY  - Washington, D.C.
ER  - 
Download 9781616357047.ris
Download the MARC records (.mrc)

No guarantees for the accuracy of information are made.

x

APA Style:
Adler, G. & Cerutti, E. (2015). Are Foreign Banks A 'Safe Haven' Evidence From Past Banking Crises. Washington, D.C.: International Monetary Fund.

MLA Style:
Adler, Gustavo, and Eugenio Cerutti. Are Foreign Banks A 'Safe Haven' Evidence From Past Banking Crises. Washington, D.C.: International Monetary Fund, 2015. Print.

Chicago Style:
Adler, Gustavo, and Eugenio Cerutti. Are Foreign Banks A 'Safe Haven' Evidence From Past Banking Crises. Washington, D.C.: International Monetary Fund, 2015.