NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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Anya V. Kleymenova

University of Chicago
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Institutional Affiliation: University of Chicago

NBER Working Papers and Publications

February 2016Does Government Intervention Affect Banking Globalization?
with Andrew K. Rose, Tomasz Wieladek: w21981
Using data from British and American banks, we provide empirical evidence that government intervention affects banking globalization along three dimensions: depth, breadth and persistence. We examine depth by studying whether a bank’s preference for domestic, as opposed to external, lending (funding) changes when it is subjected to a large public intervention, such as bank nationalization. Our results suggest that, following nationalization, non-British banks allocate their lending away from the UK and increase their external funding. Second, we find that nationalized banks from the same country tend to have portfolios of foreign assets that are spread across countries in a way that is far more similar than either private banks from the same country or nationalized banks from different ...

Published: Kleymenova, Anya & Rose, Andrew K. & Wieladek, Tomasz, 2016. "Does Government Intervention Affect Banking Globalization?," Journal of the Japanese and International Economies, Elsevier, vol. 40(C), pages 43-58. citation courtesy of

December 2015Does Government Intervention Affect Banking Globalization?
with Andrew Rose, Tomasz Wieladek
in International Finance in the Global Markets, Kosuke Aoki, Shin-ichi Fukuda, Takeo Hoshi, and Takashi Kano, organizers
 
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