This paper considers the question of whether international banks learn from their previous crisis experiences and reduce their lending to developing countries in the event of a financial crisis. The analysis combines a bank-level dataset of bank activity and ownership with country-level data on the stock of historical crisis events between 1800 and 2005. To circumvent selection and endogeneity concerns, the paper exploits temporal variations in the...
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INFORMATION
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2014/04/01
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Document de travail de recherche sur les politiques
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WPS6838
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1
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1
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2014/04/01
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Disclosed
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Learning from financial crises
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equity to asset ratio