Anya V. Kleymenova
University of Chicago
5807 S Woodlawn Ave.
Chicago, IL 60637
Institutional Affiliation: University of Chicago
NBER Working Papers and Publications
|February 2016||Does 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 2015||Does 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