债权人
业务
文件夹
国籍
外商直接投资
新兴市场
金融体系
资产负债表
投资(军事)
国际经济学
投资银行业务
证券投资
货币经济学
经济
财务
债务
地理
政治
政治学
宏观经济学
移民
考古
法学
作者
Eugenio Cerutti,Catherine Casanova,Swapan-Kumar Pradhan
标识
DOI:10.1016/j.jbankfin.2023.106920
摘要
Chinese banks have become the largest cross-border creditors for almost half of all emerging market and developing economies (EMDEs). While they look similar to other EMDE banks in terms of ownership and balance-sheet structure, their global cross-border lending resembles that of banks from advanced economies along several dimensions, especially when lending to EMDEs. We find that geographical distance poses a barrier for cross-border lending, including for Chinese banks. For them, given their network of affiliates, this barrier is lower than for other EMDE banks, more like US or European banks. We show that across all bank nationalities, bilateral economic interactions, like trade, FDI and portfolio investment, all positively correlate with cross-border lending. What stands out is that Chinese banks’ lending to EMDEs correlates more than any other nationality with trade, but there is no such correlation with FDI and, unlike all other banks, their lending correlates negatively with portfolio investment.
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