The authors are Senior Economist at the Economics Department of the Deutsche Bundesbank (Herrmann) and Head of Macroeconomic Analysis at the Monetary and Economic Department, Bank for International Settlements (Mihaljek). The views expressed in this article are those of the authors and do not necessarily reflect the views of the Deutsche Bundesbank or the BIS. The authors thank Jimmy Shek for outstanding research assistance. The article has benefited from comments by an anonymous referee, Claudio Borio, Jörg Breitung, Heinz Herrmann, Elias Papaioannou, Isabel Schnabel and Christian Upper. The authors also thank seminar participants at the BIS, Deutsche Bundesbank, Dubrovnik Economic Conference, EBRD, ECB, ECFIN, Bank of Finland, International Monetary Fund and Federal Reserve Board for helpful input.
The determinants of cross-border bank flows to emerging markets
New empirical evidence on the spread of financial crises†
Article first published online: 29 MAY 2013
© 2013 The Authors Economics of Transition © 2013 The European Bank for Reconstruction and Development. Published by Blackwell Publishing Ltd
Economics of Transition
Volume 21, Issue 3, pages 479–508, July 2013
How to Cite
Herrmann, S. and Mihaljek, D. (2013), The determinants of cross-border bank flows to emerging markets. Economics of Transition, 21: 479–508. doi: 10.1111/ecot.12019
- Issue published online: 5 JUL 2013
- Article first published online: 29 MAY 2013
- Manuscript Accepted: 6 FEB 2013
- Manuscript Received: 10 JAN 2011
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