In defense of foreign banks
‘Banker’ has recently become somewhat of a dirty word and ‘foreign banker’ a most reviled sub-species. Over the last months foreign banks have, amongst other things, been accused of abandoning some of the emerging markets that have contributed so much …
BIS data on cross-border flows – a closer look
Authors: Piroska Nagy (-7149) and Stephan Knobloch (-7065), 5 May 2009.
New BIS data for the last quarter of 2008 show that BIS-reporting banks significantly reduced their asset holdings across major regions of the world. While in absolute terms most …
The crisis has changed the EBRD
The debates among the G20 leaders about global architecture and the crisis response of the international institutions may seem abstract and removed from the concerns of most people. But the discussions are very real to those of us working in …
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