Foreign bank lending in the U.S. during three U.S. recessions

Volume: 48, Pages: 100536 - 100536
Published: May 1, 2021
Abstract
We study whether foreign banks engaged in countercyclical lending in the United States during the 1990–1991, 2001, and 2007–2009 recessions. Aggregate lending by foreign banks increased in the 1990–91 recession and by domestic banks in the 2001 recession. Controlling for local GDP and unemployment, we show countercyclical lending by foreign branches in the 1990 recession and by foreign subsidiaries in the 2001 recession. In the 2008 recession,...
Paper Details
Title
Foreign bank lending in the U.S. during three U.S. recessions
Published Date
May 1, 2021
Volume
48
Pages
100536 - 100536
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