지원사업
학술연구/단체지원/교육 등 연구자 활동을 지속하도록 DBpia가 지원하고 있어요.
커뮤니티
연구자들이 자신의 연구와 전문성을 널리 알리고, 새로운 협력의 기회를 만들 수 있는 네트워킹 공간이에요.
논문 기본 정보
- 자료유형
- 학술대회자료
- 저자정보
- 발행연도
- 2012.12
- 수록면
- 365 - 385 (21page)
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초록· 키워드
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This paper analyzes how U.S. financial shocks and the U.S. business cycle, as well as the business cycle of local economies, help explain changes in international lending of U.S. banks. I found that the U.S. financial shocks were transmitted to emerging market economies (EMEs) via the international lending activities of U.S. banks. However, the results suggest that the banks’ lending activities alone cannot explain the transmission of the financial shocks to developed countries. In addition, I found that the U.S. business cycle significantly affected U.S. bank loans to EMEs but that it did not significantly affect the banks’ claims on OECD countries. I also found that the business cycle in the EMEs was not the main driver of U.S. banks’ cross-border lending, whereas macroeconomic conditions in the developed countries were important drivers of crossborder lending by the banks.
목차
Abstract
Introduction
Data and methodology
Empirical results
Concluding remarks
References
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UCI(KEPA) : I410-ECN-0101-2014-320-002569620