BIS figures show cross-border lending on the mend outside the eurozone
Latam international borrowing starts to recover from ‘taper tantrum'
New figures published by the Bank for International Settlements (BIS) show the contraction in global cross-border bank lending is slowing down – but remains in negative territory thanks to a continued drop in euro-denominated cross-border claims.
The aggregate drop in total cross-border lending in the fourth quarter of 2013 was $122 billion, or 0.4% of the total size. The drop, however, was significantly smaller than recent trends: in the previous two quarters, the fall averaged $520 billion.
Cr
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