NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Global Banks and Crisis Transmission

Sebnem Kalemli-Ozcan, Elias Papaioannou, Fabrizio Perri

NBER Working Paper No. 18209
Issued in July 2012

---- Acknowledgements -----

We thank our editor Marcel Fratzscher, two anonymous referees, Thorsten Beck, Claudia Buch, Gregorios Siourounis, and participants at the ECB-JIE What Future for Financial Globalization Conference, Koc University Globalization and Crisis Conference, SED Meetings for very valuable comments. All remaining errors are our own. The authors thank NBER-MIT SLOAN Project for Global Financial Crisis for support. The views expressed herein are those of the authors and do not necessarily reflect the view of the National Bureau of Economic Research.

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