We use new panel data on the intra-group ownership structure and the balance sheets of 45 of the largest multinational bank holdings to analyze what determines the credit growth of their subsidiaries. We find evidence for the existence of internal capital markets through which multinational banks manage the credit growth of their subsidiaries. Multinational bank subsidiaries with financially strong parent banks are able to expand their lending faster. As a result of parental support, foreign bank subsidiaries also do not need to rein in their credit supply during a financial crisis, while domestic banks need to do so
This paper examines whether multinational banks have a stabilizing or a destabilizing role during ti...
We use focused interviews with managers of foreign parent banks and their affiliates in Central Euro...
A growing literature investigates the role of internal capital markets in mitigating financial const...
We use new panel data on the intra-group ownership structure and the balance sheets of 45 of the lar...
We use new panel data on the intra-group ownership structure and the balance sheets of 45 of the lar...
We use panel data on the intra-group ownership structure and balance sheets of 45 of the largest ban...
We use focused interviews with bank managers to analyse how multinational banks use internal capital...
We use focused interviews with bank managers to analyse how multinational banks use internal capital...
This paper examines how internal capital flows inside multinational banks create global financial in...
This paper examines how internal capital flows inside multinational banks create global financial in...
The systemic role of foreign banks in the CESEE region coupled with the turbulence in financial mark...
Using bank-level data on 368 foreign subsidiaries of 68 multinational banks in 47 emerging economies...
Recent empirical evidence has shown that internal capital markets within multinational corporations ...
Recent empirical evidence has shown that internal capital markets within multinational corporations ...
This paper examines whether multinational banks have a stabilizing or a destabilizing role during ti...
This paper examines whether multinational banks have a stabilizing or a destabilizing role during ti...
We use focused interviews with managers of foreign parent banks and their affiliates in Central Euro...
A growing literature investigates the role of internal capital markets in mitigating financial const...
We use new panel data on the intra-group ownership structure and the balance sheets of 45 of the lar...
We use new panel data on the intra-group ownership structure and the balance sheets of 45 of the lar...
We use panel data on the intra-group ownership structure and balance sheets of 45 of the largest ban...
We use focused interviews with bank managers to analyse how multinational banks use internal capital...
We use focused interviews with bank managers to analyse how multinational banks use internal capital...
This paper examines how internal capital flows inside multinational banks create global financial in...
This paper examines how internal capital flows inside multinational banks create global financial in...
The systemic role of foreign banks in the CESEE region coupled with the turbulence in financial mark...
Using bank-level data on 368 foreign subsidiaries of 68 multinational banks in 47 emerging economies...
Recent empirical evidence has shown that internal capital markets within multinational corporations ...
Recent empirical evidence has shown that internal capital markets within multinational corporations ...
This paper examines whether multinational banks have a stabilizing or a destabilizing role during ti...
This paper examines whether multinational banks have a stabilizing or a destabilizing role during ti...
We use focused interviews with managers of foreign parent banks and their affiliates in Central Euro...
A growing literature investigates the role of internal capital markets in mitigating financial const...