The Flight Home Effect: Evidence from the Syndicated Loan Market During Financial Crises

By Mariassunta Giannetti, Luc Laeven. 2012

467 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/e0402e6831ab3777d7fa5f1842b905a24a3ce7bd

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Citations in the corpus

The International Bank Lending Channel of Monetary Policy Rates and QE: Credit Supply, Reach‐for‐Yield, and Real Effects (2017, unknown): “…8 Our paper also contributes to the literature in international banking (Peek and Rosengren (2000), Mian (2006), Acharya and Schnabl (2010), Schnabl (2012), Giannetti and Laeven (2012), Popov and Udell (2012), De Haas and van Horen (2012, 2013),…”
Some Borrowers Are More Equal than Others: Bank Funding Shocks and Credit Reallocation* (2019, unknown): “De Haas and Van Horen (2012), Giannetti and Laeven (2012) and Liberti and Sturgess (2018) indicate that there is significant heterogeneity in the geographical reallocation decisions of banks.”
Liquidity management of U.S. global banks: internal capital markets in the Great Recession (2011, unknown): “Giannetti and Laeven (2012) have documented a “flight home” tendency by global banks during the 2007-2008 crisis, which implied a shrinking across the board of their foreign balance sheet in support of their domestic activities.”
Real Effects of the Sovereign Debt Crisis in Europe: Evidence from Syndicated Loans (2018, unknown): “Giannetti and Laeven (2012) show that the collapse of the syndicated loans market during the financial crisis was at least partly caused by global banks rebalancing their loan portfolios in favor of domestic borrowers.”
Government Bonds and Their Investors: What are the Facts and Do They Matter? (2012, unknown): “3 See, for instance, Krishnamurthy and Vissing-Jorgensen (2010) on the demand for U.”
The Impact of the Global Financial Crisis on Banking Globalization (2014, background): “The difference could in part arise from a flight home (Giannetti and Laeven, 2012a and 2012b) or because local affiliates lend to a set of borrowers differentially affected by the crisis.”