Samstag, 26 August 2017 17:15

Shifts in international banking

21 August 2017: The massive drop in banks´ foreign claims since 2007 is mainly due to a retrenchment of European banks. Since 2008 most European banking systems have reduced their foreign claims, while non-European countries have expanded their international activities. (inspired by: BIS Working Paper No 650, June 2017)