Global Banking Network and Regional Financial Contagion
Park, Cyn-Young; Shin, Kwanho | May 2018
This paper investigates and tests the role of regional exposures in financial contagion from advanced to emerging market economies through the global banking network using data on cross-border bilateral bank claims and liability positions. Results indicate that direct exposures of a country’s own and the overall region’s banking sectors to crisis-affected countries are systematically related to bank capital outflows during the global financial crisis. A further analysis suggests more favorable behavior of the same region lender toward emerging economies during crisis.
CitationPark, Cyn-Young; Shin, Kwanho. 2018. Global Banking Network and Regional Financial Contagion. © Asian Development Bank. http://hdl.handle.net/11540/8428. License: CC BY 3.0 IGO.
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Regional Economic Integration
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Financial Risk Management
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