Understanding International Bank Capital Flows During the Recent Financial Crisis
Understanding International Bank Capital Flows During the Recent Financial Crisis
复制标题
了解近期金融危机期间的国际银行资本流动
DOI：
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发表时间：
2010
期刊：
影响因子：
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通讯作者：
J. Martin
中科院分区：
文献类型：
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作者：
Glenn Hoggarth;Lavan Mahadeva;J. Martin
跨国银行借贷在过去十年中迅速增长。这有助于分散风险，但也意味着国际银行比以前更容易受到来自国外的冲击，包括来自彼此的冲击。美国次按危机爆发后，特别是雷曼兄弟倒闭后，跨境银行资金流动急剧逆转。本文旨在更好地了解最近的危机是如何通过国际银行体系蔓延的。它描述了国际银行在应对融资和资本压力时的去杠杆化模式，国际溢出效应以及英国银行体系在全球角色下对国外冲击的脆弱性。
Cross-country bank lending mushroomed over the past decade. This helped to spread risks but also meant that international banks were more vulnerable than previously to shocks from abroad including from each other. Following the outbreak of the US sub-prime crisis, and especially after the collapse of Lehman Brothers, cross-border bank flows reversed dramatically. This paper is aimed at better understanding how the recent crisis propagated through the international banking system. It describes the pattern of deleveraging by international banks in reaction to their funding and capital pressures, the international spillovers and the vulnerability of the UK banking system to shocks from abroad given its global role.