skip to content
Foreign banks and the Vienna Initiative : turning sinners into saints? Preview this item
ClosePreview this item
Checking...

Foreign banks and the Vienna Initiative : turning sinners into saints?

Author: Ralph De Haas; International Monetary Fund. Monetary and Capital Markets Department,
Publisher: [Washington, D.C.] : International Monetary Fund, ©2012.
Series: IMF working paper, WP/12/117.
Edition/Format:   eBook : Document : International government publication : EnglishView all editions and formats
Summary:
We use data on 1,294 banks in Central and Eastern Europe to analyze how bank ownership and creditor coordination in the form of the Vienna Initiative affected credit growth during the 2008-09 crisis. As part of the Vienna Initiative western European banks signed country-specific commitment letters in which they pledged to maintain exposures and to support their subsidiaries in Central and Eastern Europe. We show  Read more...
Rating:

(not yet rated) 0 with reviews - Be the first.

Subjects
More like this

 

Find a copy online

Links to this item

Find a copy in the library

&AllPage.SpinnerRetrieving; Finding libraries that hold this item...

Details

Genre/Form: Electronic books
Additional Physical Format: Print version:
De Haas, Ralph.
Foreign Banks and the Vienna Initiative: Turning Sinners into Saints?
Washington : International Monetary Fund, ©2012
Material Type: Document, Government publication, International government publication, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Ralph De Haas; International Monetary Fund. Monetary and Capital Markets Department,
ISBN: 9781475542479 147554247X 9781475570687 1475570686
OCLC Number: 794181745
Description: 1 online resource (41 pages).
Contents: Cover; Foreign Banks and the Vienna Initiative: Turning Sinners into Saints?; I. INTRODUCTION; II. MAIN FINDINGS; III. THE VIENNA INITIATIVE; IV. DATA AND DESCRIPTIVE STATISTICS; Figure; Figure 1. Credit Growth before and during the Vienna Initiative; Tables; Table 1. Credit Growth across the ECA Region; V. EMPIRICAL METHODOLOGY; VI. EMPIRICAL RESULTS; Table 2. The Vienna Initiative, commitment letters, and bank lending in 2009; Table 3. Bank ownership and credit growth during the 2008-09 crisis; Table 4. The Vienna Initiative and credit growth; Table 5. Robustness tests; VII. CONCLUSIONS. Table 6. Variable descriptionsTable 7. Descriptive statistics; Table 8. Pairwise correlations; Table 9. Overview of government support to parent banks and participation in the Vienna Initiative; Table 10. Banks participating in the Vienna Initiative and horizontal meetings; Table 11. Selection into the Vienna Initiative; Appendix; Appendix 1. A timeline of the Vienna Initiative; References.
Series Title: IMF working paper, WP/12/117.
Responsibility: prepared by Ralph De Haas [and others].

Abstract:

We use data on 1,294 banks in Central and Eastern Europe to analyze how bank ownership and creditor coordination in the form of the Vienna Initiative affected credit growth during the 2008-09 crisis. As part of the Vienna Initiative western European banks signed country-specific commitment letters in which they pledged to maintain exposures and to support their subsidiaries in Central and Eastern Europe. We show that both domestic and foreign banks sharply curtailed credit during the crisis, but that foreign banks that participated in the Vienna Initiative were relatively stable lenders. We find no evidence of negative spillovers from countries where banks signed commitment letters to countries where they did not.

Reviews

User-contributed reviews
Retrieving GoodReads reviews...
Retrieving DOGObooks reviews...

Tags

Be the first.
Confirm this request

You may have already requested this item. Please select Ok if you would like to proceed with this request anyway.

Linked Data


Primary Entity

<http://www.worldcat.org/oclc/794181745> # Foreign banks and the Vienna Initiative : turning sinners into saints?
    a schema:Book, schema:CreativeWork, schema:MediaObject ;
   library:oclcnum "794181745" ;
   library:placeOfPublication <http://id.loc.gov/vocabulary/countries/dcu> ;
   library:placeOfPublication <http://experiment.worldcat.org/entity/work/data/1110798288#Place/washington_d_c> ; # Washington, D.C.
   rdfs:comment "Unknown 'gen' value: igp" ;
   schema:about <http://id.worldcat.org/fast/882527> ; # Credit--Econometric models
   schema:about <http://id.worldcat.org/fast/1245079> ; # Europe, Eastern.
   schema:about <http://id.worldcat.org/fast/1244544> ; # Europe, Central.
   schema:about <http://id.worldcat.org/fast/827084> ; # Banks and banking, Foreign
   schema:about <http://experiment.worldcat.org/entity/work/data/1110798288#Topic/credit_europe_central_econometric_models> ; # Credit--Europe, Central--Econometric models
   schema:about <http://experiment.worldcat.org/entity/work/data/1110798288#Topic/credit_europe_eastern_econometric_models> ; # Credit--Europe, Eastern--Econometric models
   schema:about <http://experiment.worldcat.org/entity/work/data/1110798288#Event/2008_2009> ; # 2008-2009
   schema:about <http://experiment.worldcat.org/entity/work/data/1110798288#Topic/banks_and_banking_foreign_europe_central> ; # Banks and banking, Foreign--Europe, Central
   schema:about <http://experiment.worldcat.org/entity/work/data/1110798288#Topic/banks_and_banking_foreign_europe_eastern> ; # Banks and banking, Foreign--Europe, Eastern
   schema:about <http://id.loc.gov/authorities/subjects/sh2009003683> ; # Global Financial Crisis, 2008-2009
   schema:about <http://id.worldcat.org/fast/1755654> ; # Global Financial Crisis (2008-2009)
   schema:author <http://viaf.org/viaf/36681611> ; # Ralph De Haas
   schema:bookFormat schema:EBook ;
   schema:contributor <http://viaf.org/viaf/312868188> ; # International Monetary Fund. Monetary and Capital Markets Department,
   schema:copyrightYear "2012" ;
   schema:datePublished "2012" ;
   schema:description "Cover; Foreign Banks and the Vienna Initiative: Turning Sinners into Saints?; I. INTRODUCTION; II. MAIN FINDINGS; III. THE VIENNA INITIATIVE; IV. DATA AND DESCRIPTIVE STATISTICS; Figure; Figure 1. Credit Growth before and during the Vienna Initiative; Tables; Table 1. Credit Growth across the ECA Region; V. EMPIRICAL METHODOLOGY; VI. EMPIRICAL RESULTS; Table 2. The Vienna Initiative, commitment letters, and bank lending in 2009; Table 3. Bank ownership and credit growth during the 2008-09 crisis; Table 4. The Vienna Initiative and credit growth; Table 5. Robustness tests; VII. CONCLUSIONS."@en ;
   schema:description "We use data on 1,294 banks in Central and Eastern Europe to analyze how bank ownership and creditor coordination in the form of the Vienna Initiative affected credit growth during the 2008-09 crisis. As part of the Vienna Initiative western European banks signed country-specific commitment letters in which they pledged to maintain exposures and to support their subsidiaries in Central and Eastern Europe. We show that both domestic and foreign banks sharply curtailed credit during the crisis, but that foreign banks that participated in the Vienna Initiative were relatively stable lenders. We find no evidence of negative spillovers from countries where banks signed commitment letters to countries where they did not."@en ;
   schema:exampleOfWork <http://worldcat.org/entity/work/id/1110798288> ;
   schema:genre "Government publication"@en ;
   schema:genre "Electronic books"@en ;
   schema:inLanguage "en" ;
   schema:isPartOf <http://experiment.worldcat.org/entity/work/data/1110798288#Series/imf_working_paper> ; # IMF working paper ;
   schema:isSimilarTo <http://worldcat.org/entity/work/data/1110798288#CreativeWork/foreign_banks_and_the_vienna_initiative_turning_sinners_into_saints> ;
   schema:name "Foreign banks and the Vienna Initiative : turning sinners into saints?"@en ;
   schema:productID "794181745" ;
   schema:publication <http://www.worldcat.org/title/-/oclc/794181745#PublicationEvent/washington_d_c_international_monetary_fund_2012> ;
   schema:publisher <http://experiment.worldcat.org/entity/work/data/1110798288#Agent/international_monetary_fund> ; # International Monetary Fund
   schema:url <http://www.elibrary.imf.org/view/IMF001/12796-9781475503463/12796-9781475503463/12796-9781475503463.xml> ;
   schema:url <http://public.eblib.com/choice/publicfullrecord.aspx?p=1606722> ;
   schema:url <http://site.ebrary.com/id/10569543> ;
   schema:url <http://ebookcentral.proquest.com/lib/ucm/detail.action?docID=1606722> ;
   schema:url <http://www.imf.org/external/pubs/ft/wp/2012/wp12117.pdf> ;
   schema:url <http://bibpurl.oclc.org/web/24285/2012/wp12117.pdf> ;
   schema:workExample <http://worldcat.org/isbn/9781475570687> ;
   schema:workExample <http://worldcat.org/isbn/9781475542479> ;
   wdrs:describedby <http://www.worldcat.org/title/-/oclc/794181745> ;
    .


Related Entities

<http://experiment.worldcat.org/entity/work/data/1110798288#Agent/international_monetary_fund> # International Monetary Fund
    a bgn:Agent ;
   schema:name "International Monetary Fund" ;
    .

<http://experiment.worldcat.org/entity/work/data/1110798288#Place/washington_d_c> # Washington, D.C.
    a schema:Place ;
   schema:name "Washington, D.C." ;
    .

<http://experiment.worldcat.org/entity/work/data/1110798288#Series/imf_working_paper> # IMF working paper ;
    a bgn:PublicationSeries ;
   schema:hasPart <http://www.worldcat.org/oclc/794181745> ; # Foreign banks and the Vienna Initiative : turning sinners into saints?
   schema:name "IMF working paper ;" ;
    .

<http://experiment.worldcat.org/entity/work/data/1110798288#Topic/banks_and_banking_foreign_europe_central> # Banks and banking, Foreign--Europe, Central
    a schema:Intangible ;
   schema:hasPart <http://id.loc.gov/authorities/subjects/sh85011653> ;
   schema:name "Banks and banking, Foreign--Europe, Central"@en ;
    .

<http://experiment.worldcat.org/entity/work/data/1110798288#Topic/banks_and_banking_foreign_europe_eastern> # Banks and banking, Foreign--Europe, Eastern
    a schema:Intangible ;
   schema:hasPart <http://id.loc.gov/authorities/subjects/sh85011653> ;
   schema:name "Banks and banking, Foreign--Europe, Eastern"@en ;
    .

<http://experiment.worldcat.org/entity/work/data/1110798288#Topic/credit_europe_central_econometric_models> # Credit--Europe, Central--Econometric models
    a schema:Intangible ;
   schema:hasPart <http://id.loc.gov/authorities/subjects/sh85033856> ;
   schema:name "Credit--Europe, Central--Econometric models"@en ;
    .

<http://experiment.worldcat.org/entity/work/data/1110798288#Topic/credit_europe_eastern_econometric_models> # Credit--Europe, Eastern--Econometric models
    a schema:Intangible ;
   schema:hasPart <http://id.loc.gov/authorities/subjects/sh85033856> ;
   schema:name "Credit--Europe, Eastern--Econometric models"@en ;
    .

<http://id.loc.gov/authorities/subjects/sh2009003683> # Global Financial Crisis, 2008-2009
    a schema:Intangible ;
   schema:name "Global Financial Crisis, 2008-2009"@en ;
    .

<http://id.worldcat.org/fast/1244544> # Europe, Central.
    a schema:Place ;
   schema:name "Europe, Central." ;
    .

<http://id.worldcat.org/fast/1245079> # Europe, Eastern.
    a schema:Place ;
   schema:name "Europe, Eastern." ;
    .

<http://id.worldcat.org/fast/1755654> # Global Financial Crisis (2008-2009)
    a bgn:Meeting, schema:Event ;
   schema:name "Global Financial Crisis (2008-2009)" ;
    .

<http://id.worldcat.org/fast/827084> # Banks and banking, Foreign
    a schema:Intangible ;
   schema:name "Banks and banking, Foreign"@en ;
    .

<http://id.worldcat.org/fast/882527> # Credit--Econometric models
    a schema:Intangible ;
   schema:name "Credit--Econometric models"@en ;
    .

<http://viaf.org/viaf/312868188> # International Monetary Fund. Monetary and Capital Markets Department,
    a schema:Organization ;
   schema:name "International Monetary Fund. Monetary and Capital Markets Department," ;
    .

<http://viaf.org/viaf/36681611> # Ralph De Haas
    a schema:Person ;
   schema:birthDate "1976" ;
   schema:familyName "De Haas" ;
   schema:givenName "Ralph" ;
   schema:name "Ralph De Haas" ;
    .

<http://worldcat.org/entity/work/data/1110798288#CreativeWork/foreign_banks_and_the_vienna_initiative_turning_sinners_into_saints>
    a schema:CreativeWork ;
   rdfs:label "Foreign Banks and the Vienna Initiative: Turning Sinners into Saints?" ;
   schema:description "Print version:" ;
   schema:isSimilarTo <http://www.worldcat.org/oclc/794181745> ; # Foreign banks and the Vienna Initiative : turning sinners into saints?
    .

<http://worldcat.org/isbn/9781475542479>
    a schema:ProductModel ;
   schema:isbn "147554247X" ;
   schema:isbn "9781475542479" ;
    .

<http://worldcat.org/isbn/9781475570687>
    a schema:ProductModel ;
   schema:isbn "1475570686" ;
   schema:isbn "9781475570687" ;
    .


Content-negotiable representations

Close Window

Please sign in to WorldCat 

Don't have an account? You can easily create a free account.