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Financial Stability Paper No 8: Understanding International Bank Capital Flows during the Recent Financial Crisis

Listed author(s):
  • Hoggarth, Glenn

    (Bank of England)

  • Mahadeva, Lavan

    (Bank of England)

  • Martin, Jeremy

    (Bank of England)

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.

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File URL: http://www.bankofengland.co.uk/financialstability/Pages/fpc/fspapers/fs_paper08.aspx
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Paper provided by Bank of England in its series Bank of England Financial Stability Papers with number 8.

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Length: 21 pages
Date of creation: 23 Sep 2010
Handle: RePEc:boe:finsta:0008
Note: Bank Capital Flow; lending; deleveraging
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Bank of England, Threadneedle Street, London, EC2R 8AH

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Web page: http://www.bankofengland.co.uk/
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  1. Marco A. Espinosa-Vega, 2011. "Cross-border financial surveillance: a network perspective," Journal of Financial Economic Policy, Emerald Group Publishing, vol. 3(3), pages 182-205, August.
  2. Gai, Prasanna & Kapadia, Sujit, 2010. "Contagion in financial networks," Bank of England working papers 383, Bank of England.
  3. Patrick McGuire & Goetz von Peter, 2009. "The US dollar shortage in global banking and the international policy response," BIS Working Papers 291, Bank for International Settlements.
  4. Stijn Claessens & Luc Laeven & Deniz O Igan & Giovanni Dell'Ariccia, 2010. "Lessons and Policy Implications from the Global Financial Crisis," IMF Working Papers 10/44, International Monetary Fund.
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