in The Review of Financial Studies
January 2013; p ublished online November 2012 .
Journal Article. Subjects: International Finance; Macroeconomic Aspects of International Trade and Finance; International Relations and International Political Economy; International Financial Markets; Financial Regulation. 19381 words.
We use loan-level data to examine how large international banks reduced their cross-border lending after the collapse of Lehman Brothers. Country, firm, and bank fixed effects allow us to...