Asian Banks and the International Interbank Market

13 Pages Posted: 16 Jul 2012

See all articles by Robert N. McCauley

Robert N. McCauley

Bank for International Settlements (BIS)

Jens Zukunft

Federal Foreign Office (Auswärtiges AMT)

Date Written: June 9, 2008

Abstract

Banks in the Asian economies most affected by the Asian financial crisis generally continue to enjoy comfortable liquidity in the international interbank market. The apparent international illiquidity of banks in Korea is concentrated in foreign banks. Foreign banks’ offshore funding of local currency assets may in places have created a new vulnerability of local markets and banks to global bank liquidity crunches.

JEL Classification: E58, F32, F34, G15, G18, G21

Suggested Citation

McCauley, Robert N. and Zukunft, Jens, Asian Banks and the International Interbank Market (June 9, 2008). BIS Quarterly Review, June 2008. Available at SSRN: https://ssrn.com/abstract=1517676

Robert N. McCauley (Contact Author)

Bank for International Settlements (BIS) ( email )

CH-4002 Basel, Basel-Stadt
Switzerland

Jens Zukunft

Federal Foreign Office (Auswärtiges AMT) ( email )

No Address Available

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