Dutch paper finds global banking system has adopted ‘a more regional focus’
Researchers say global banking has not become more fragmented
The global banking system is not becoming more fragmented, but is shifting towards a "more regional focus", according to a working paper published by the Netherlands Bank today.
In The impact of the global financial crisis on banking globalization, Stijn Claessens and Neeltje van Horen find that cross-border bank lending has fallen sharply since the crisis, but there has only been "limited retrenchment" in foreign bank presence.
"While banks from OECD countries reduced their foreign presence,"
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