Efing, Matthias ; Goldbach, Stefan ; Nitsch, Volker (2023)
Freeze! Financial Sanctions and Bank Responses.
In: The Review of Financial Studies
doi: 10.1093/rfs/hhad043
Artikel, Bibliographie
Kurzbeschreibung (Abstract)
Using regulatory data, we study German bank lending in countries targeted by financial sanctions. We find that domestic banks in Germany reduce lending in sanctioned countries, whereas their foreign bank affiliates outside Germany increase lending. In some cases, this is because the bank affiliates’ host countries have not imposed sanctions themselves. However, even German bank affiliates in host countries that enact sanctions like Germany increase lending if these host countries lack strong institutions and anticrime policies. These findings suggest that even universally adopted sanctions distort bank capital flows and competition if the level of their enforcement varies across bank locations.
| Typ des Eintrags: | Artikel |
|---|---|
| Erschienen: | 2023 |
| Autor(en): | Efing, Matthias ; Goldbach, Stefan ; Nitsch, Volker |
| Art des Eintrags: | Bibliographie |
| Titel: | Freeze! Financial Sanctions and Bank Responses |
| Sprache: | Deutsch |
| Publikationsjahr: | 2023 |
| Verlag: | Oxford University Press |
| Titel der Zeitschrift, Zeitung oder Schriftenreihe: | The Review of Financial Studies |
| DOI: | 10.1093/rfs/hhad043 |
| URL / URN: | https://academic.oup.com/rfs/advance-article/doi/10.1093/rfs... |
| Kurzbeschreibung (Abstract): | Using regulatory data, we study German bank lending in countries targeted by financial sanctions. We find that domestic banks in Germany reduce lending in sanctioned countries, whereas their foreign bank affiliates outside Germany increase lending. In some cases, this is because the bank affiliates’ host countries have not imposed sanctions themselves. However, even German bank affiliates in host countries that enact sanctions like Germany increase lending if these host countries lack strong institutions and anticrime policies. These findings suggest that even universally adopted sanctions distort bank capital flows and competition if the level of their enforcement varies across bank locations. |
| Fachbereich(e)/-gebiet(e): | 01 Fachbereich Rechts- und Wirtschaftswissenschaften 01 Fachbereich Rechts- und Wirtschaftswissenschaften > Volkswirtschaftliche Fachgebiete 01 Fachbereich Rechts- und Wirtschaftswissenschaften > Volkswirtschaftliche Fachgebiete > Fachgebiet Internationale Wirtschaft |
| Hinterlegungsdatum: | 15 Mai 2023 06:28 |
| Letzte Änderung: | 17 Mai 2023 06:56 |
| PPN: | 507760212 |
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| Suche nach Titel in: | TUfind oder in Google |
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